Shares of Public Service Enterprise Group Incorporated (NYSE:PEG – Get Rating) have been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $67.20.
A number of equities analysts recently commented on PEG shares. Wells Fargo & Company reduced their price target on Public Service Enterprise Group from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, November 1st. StockNews.com downgraded shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 1st. UBS Group cut their price objective on shares of Public Service Enterprise Group to $74.00 in a research report on Friday, November 4th. Wolfe Research downgraded shares of Public Service Enterprise Group from an “outperform” rating to a “peer perform” rating in a research report on Thursday, November 17th. Finally, Guggenheim cut their price objective on shares of Public Service Enterprise Group to $67.00 in a research report on Friday, November 4th.
Public Service Enterprise Group Trading Up 1.4 %
Public Service Enterprise Group stock opened at $61.93 on Wednesday. Public Service Enterprise Group has a 52 week low of $52.51 and a 52 week high of $75.61. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.46 and a current ratio of 0.60. The stock has a market capitalization of $30.90 billion, a P/E ratio of 45.54, a PEG ratio of 7.49 and a beta of 0.56. The stock has a 50-day simple moving average of $60.94 and a 200 day simple moving average of $61.28.
Public Service Enterprise Group (NYSE:PEG – Get Rating) last posted its quarterly earnings results on Monday, October 31st. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Public Service Enterprise Group had a return on equity of 12.96% and a net margin of 7.08%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the company posted $0.98 earnings per share. Public Service Enterprise Group’s quarterly revenue was up 19.4% on a year-over-year basis. Analysts expect that Public Service Enterprise Group will post 3.46 earnings per share for the current year.
Public Service Enterprise Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 9th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $2.16 annualized dividend and a yield of 3.49%. Public Service Enterprise Group’s dividend payout ratio is currently 158.82%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in PEG. D.A. Davidson & CO. raised its position in Public Service Enterprise Group by 7.5% during the first quarter. D.A. Davidson & CO. now owns 3,657 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 256 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Public Service Enterprise Group by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,318,721 shares of the utilities provider’s stock valued at $92,310,000 after purchasing an additional 83,174 shares in the last quarter. Prudential PLC acquired a new position in Public Service Enterprise Group during the first quarter valued at approximately $798,000. Cetera Investment Advisers grew its stake in shares of Public Service Enterprise Group by 1.3% during the first quarter. Cetera Investment Advisers now owns 25,619 shares of the utilities provider’s stock worth $1,793,000 after buying an additional 332 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Public Service Enterprise Group during the first quarter worth $214,000. 70.67% of the stock is currently owned by institutional investors and hedge funds.
Public Service Enterprise Group Company Profile
Public Service Enterprise Group, Inc is a holding company, which engages in the provision of electric and gas services. The firm operates through the following two segments: Public Service Electric & Gas Co (PSE&G) and PSEG Power. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas.
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