Shares of Public Service Enterprise Group Incorporated (NYSE:PEG – Get Free Report) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $88.83.
Several equities research analysts recently weighed in on PEG shares. Barclays cut Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $88.00 to $84.00 in a research report on Monday. Wells Fargo & Company raised their target price on shares of Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. BMO Capital Markets boosted their target price on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st. Scotiabank lifted their price objective on Public Service Enterprise Group from $73.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, UBS Group increased their target price on Public Service Enterprise Group from $94.00 to $98.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th.
Get Our Latest Analysis on PEG
Insider Buying and Selling at Public Service Enterprise Group
Hedge Funds Weigh In On Public Service Enterprise Group
Several institutional investors have recently added to or reduced their stakes in PEG. Ashton Thomas Securities LLC acquired a new stake in shares of Public Service Enterprise Group during the third quarter worth approximately $35,000. Wingate Wealth Advisors Inc. acquired a new stake in Public Service Enterprise Group during the 4th quarter valued at $35,000. Northwest Investment Counselors LLC bought a new position in Public Service Enterprise Group in the 3rd quarter valued at $48,000. Stonebridge Financial Group LLC acquired a new position in Public Service Enterprise Group in the fourth quarter worth $54,000. Finally, Financial Life Planners bought a new stake in shares of Public Service Enterprise Group during the fourth quarter worth $56,000. 73.34% of the stock is owned by institutional investors.
Public Service Enterprise Group Stock Performance
PEG stock opened at $83.82 on Friday. The firm has a 50 day moving average of $87.32 and a two-hundred day moving average of $85.04. Public Service Enterprise Group has a 12 month low of $57.24 and a 12 month high of $95.22. The company has a market capitalization of $41.76 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 2.82 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Public Service Enterprise Group will post 3.67 EPS for the current fiscal year.
Public Service Enterprise Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.86%. Public Service Enterprise Group’s dividend payout ratio is currently 58.97%.
About Public Service Enterprise Group
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.
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