Shares of Public Service Enterprise Group Inc. (NYSE:PEG) dropped 2.5% during trading on Friday . The company traded as low as $42.43 and last traded at $42.48, with a volume of 2,420,606 shares. The stock had previously closed at $43.56.

PEG has been the topic of a number of recent research reports. Argus restated a “buy” rating on shares of Public Service Enterprise Group in a research note on Thursday, May 5th. Morgan Stanley upgraded Public Service Enterprise Group from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $43.00 to $47.00 in a research note on Wednesday, July 13th. Bank of America Corp. restated a “hold” rating and issued a $46.00 target price on shares of Public Service Enterprise Group in a research note on Tuesday, May 24th. Deutsche Bank AG restated a “hold” rating and issued a $47.00 target price on shares of Public Service Enterprise Group in a research note on Thursday, May 19th. Finally, BMO Capital Markets restated a “hold” rating on shares of Public Service Enterprise Group in a research note on Monday, May 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Public Service Enterprise Group has a consensus rating of “Hold” and a consensus target price of $45.33.

The stock has a market capitalization of $21.49 billion and a price-to-earnings ratio of 15.33. The company’s 50-day moving average price is $44.79 and its 200 day moving average price is $44.96.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Friday, July 29th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.01. During the same period last year, the business posted $0.57 earnings per share. Equities analysts expect that Public Service Enterprise Group Inc. will post $2.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, September 7th.

In related news, Chairman Ralph Izzo sold 43,564 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $45.76, for a total transaction of $1,993,488.64. Following the transaction, the chairman now owns 729,201 shares of the company’s stock, valued at $33,368,237.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO William Levis sold 7,500 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $43.73, for a total value of $327,975.00. Following the transaction, the chief operating officer now directly owns 156,671 shares in the company, valued at approximately $6,851,222.83. The disclosure for this sale can be found here.

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company’s business consists of two segments, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.