Public Service Enterprise Group Inc. (NYSE:PEG) has earned an average rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $63.81.
PEG has been the topic of several research reports. Barclays cut shares of Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 27th. UBS Group lifted their target price on Public Service Enterprise Group from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Wolfe Research lowered Public Service Enterprise Group from an “outperform” rating to a “peer perform” rating and set a $64.00 target price on the stock. in a research report on Thursday, November 14th. Mizuho increased their price target on Public Service Enterprise Group from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada increased their price target on Public Service Enterprise Group from $60.00 to $62.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd.
Shares of PEG stock opened at $58.61 on Monday. Public Service Enterprise Group has a 1 year low of $49.22 and a 1 year high of $63.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.52 and a current ratio of 0.75. The business’s fifty day moving average is $61.16 and its 200-day moving average is $60.33. The stock has a market cap of $29.71 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 4.90 and a beta of 0.25.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a $0.47 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.88 dividend on an annualized basis and a yield of 3.21%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 60.26%.
In related news, CFO Daniel J. Cregg sold 625 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $61.90, for a total value of $38,687.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Ralph A. Larossa sold 1,650 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $58.55, for a total transaction of $96,607.50. Following the completion of the sale, the chief operating officer now owns 76,069 shares of the company’s stock, valued at $4,453,839.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,600 shares of company stock worth $403,589. Insiders own 0.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PEG. Berman Capital Advisors LLC lifted its stake in shares of Public Service Enterprise Group by 79.0% in the second quarter. Berman Capital Advisors LLC now owns 460 shares of the utilities provider’s stock worth $27,000 after buying an additional 203 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at $29,000. Capital Investment Advisory Services LLC grew its stake in Public Service Enterprise Group by 123.0% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 475 shares of the utilities provider’s stock valued at $29,000 after buying an additional 262 shares during the last quarter. Resources Management Corp CT ADV acquired a new position in Public Service Enterprise Group in the 3rd quarter valued at $31,000. Finally, Executive Wealth Management LLC raised its holdings in Public Service Enterprise Group by 137.4% in the 2nd quarter. Executive Wealth Management LLC now owns 781 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 452 shares during the period. Institutional investors own 69.34% of the company’s stock.
About Public Service Enterprise Group
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 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 to customers.
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