Public Service Enterprise Group Incorporated (NYSE:PEG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Public Service Enterprise Group Incorporated (NYSE:PEGGet Rating) have earned an average rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $68.75.

A number of analysts recently commented on PEG shares. Wolfe Research lowered Public Service Enterprise Group from an “outperform” rating to a “peer perform” rating in a research report on Thursday. Guggenheim decreased their target price on Public Service Enterprise Group to $67.00 in a research report on Friday, November 4th. The Goldman Sachs Group boosted their target price on Public Service Enterprise Group from $75.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, October 4th. UBS Group decreased their target price on Public Service Enterprise Group to $74.00 in a research report on Friday, November 4th. Finally, BMO Capital Markets decreased their target price on Public Service Enterprise Group from $64.00 to $59.00 and set a “market perform” rating for the company in a research report on Monday.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CENTRAL TRUST Co boosted its stake in shares of Public Service Enterprise Group by 11.6% in the 3rd quarter. CENTRAL TRUST Co now owns 3,129 shares of the utilities provider’s stock worth $176,000 after buying an additional 325 shares during the last quarter. M Holdings Securities Inc. purchased a new position in shares of Public Service Enterprise Group in the 3rd quarter worth approximately $367,000. Advisors Capital Management LLC lifted its stake in Public Service Enterprise Group by 51.8% in the third quarter. Advisors Capital Management LLC now owns 12,104 shares of the utilities provider’s stock valued at $694,000 after purchasing an additional 4,128 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Public Service Enterprise Group by 12.6% in the third quarter. Glenmede Trust Co. NA now owns 44,852 shares of the utilities provider’s stock valued at $2,521,000 after purchasing an additional 5,005 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Public Service Enterprise Group by 14.1% during the third quarter. Captrust Financial Advisors now owns 79,191 shares of the utilities provider’s stock valued at $4,453,000 after purchasing an additional 9,773 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Public Service Enterprise Group Stock Down 3.3 %

Shares of NYSE:PEG opened at $55.87 on Friday. The company has a market capitalization of $27.88 billion, a price-to-earnings ratio of 41.08, a P/E/G ratio of 5.12 and a beta of 0.57. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.60 and a quick ratio of 0.46. The business’s 50-day moving average is $58.76 and its 200-day moving average is $62.99. Public Service Enterprise Group has a 1 year low of $52.51 and a 1 year high of $75.61.

Public Service Enterprise Group (NYSE:PEGGet Rating) last announced its quarterly earnings data on Monday, October 31st. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $1.98 billion. Public Service Enterprise Group had a return on equity of 12.96% and a net margin of 7.08%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Equities research analysts predict that Public Service Enterprise Group will post 3.44 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a $0.54 dividend. The ex-dividend date is Thursday, December 8th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.87%. Public Service Enterprise Group’s payout ratio is presently 158.82%.

Public Service Enterprise Group Company Profile

(Get Rating)

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs.

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

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