Analysts at Bank of America Corporation began coverage on shares of Public Service Enterprise Group Incorporated (NYSE:PEG) in a research note issued on Tuesday. The firm set a “neutral” rating and a $49.00 price target on the utilities provider’s stock. Bank of America Corporation’s price objective would indicate a potential upside of 0.04% from the stock’s current price.

PEG has been the topic of a number of other reports. BidaskClub raised Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Morgan Stanley boosted their price objective on shares of Public Service Enterprise Group from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Tuesday, August 1st. Mizuho raised shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.50 to $50.00 in a report on Friday, August 11th. Finally, J P Morgan Chase & Co boosted their price objective on shares of Public Service Enterprise Group from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Public Service Enterprise Group presently has an average rating of “Buy” and an average price target of $49.96.

Shares of Public Service Enterprise Group (NYSE PEG) traded down 0.378% during mid-day trading on Tuesday, reaching $48.795. The company’s stock had a trading volume of 1,235,737 shares. The firm has a market cap of $24.68 billion, a PE ratio of 54.826 and a beta of 0.38. Public Service Enterprise Group has a one year low of $39.28 and a one year high of $49.33. The firm’s 50 day moving average is $46.98 and its 200 day moving average is $45.14.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.33 billion. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, equities analysts anticipate that Public Service Enterprise Group will post $2.92 earnings per share for the current fiscal year.

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In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total value of $70,665.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Ralph Izzo sold 23,400 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the completion of the sale, the chairman now directly owns 748,474 shares in the company, valued at $33,853,479.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,613 shares of company stock worth $7,966,307. 0.61% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Hudock Capital Group LLC boosted its holdings in Public Service Enterprise Group by 38.8% in the second quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 735 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Public Service Enterprise Group by 0.8% in the first quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock valued at $114,000 after purchasing an additional 20 shares during the last quarter. Vantage Investment Advisors LLC boosted its holdings in Public Service Enterprise Group by 35.3% in the second quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 700 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Public Service Enterprise Group by 45.9% in the second quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 202 shares during the last quarter. Finally, Gradient Investments LLC boosted its holdings in Public Service Enterprise Group by 331.2% in the second quarter. Gradient Investments LLC now owns 3,234 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 2,484 shares during the last quarter. 65.89% of the stock is currently owned by institutional investors.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

Analyst Recommendations for Public Service Enterprise Group (NYSE:PEG)

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