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

Several analysts recently commented on PEG shares. Zacks Investment Research lowered Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Argus reaffirmed a “buy” rating on shares of Public Service Enterprise Group in a research note on Thursday, May 5th. BMO Capital Markets reaffirmed a “hold” rating on shares of Public Service Enterprise Group in a research note on Monday, May 2nd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $47.00 price target on shares of Public Service Enterprise Group in a research note on Wednesday, June 15th. Finally, Morgan Stanley raised Public Service Enterprise Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $43.00 to $47.00 in a research note on Wednesday, July 13th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $45.33.

The firm has a 50 day moving average price of $44.79 and a 200-day moving average price of $44.96. The stock has a market capitalization of $21.49 billion and a P/E ratio of 15.33.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Friday, July 29th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.01. During the same period in the prior year, the company posted $0.57 earnings per share. Analysts forecast that Public Service Enterprise Group Inc. will post $2.88 EPS for the current 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 paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, September 7th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.86%.

In other Public Service Enterprise Group news, COO William Levis sold 7,500 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $43.73, for a total transaction of $327,975.00. Following the transaction, the chief operating officer now owns 156,671 shares in the company, valued at approximately $6,851,222.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ralph Izzo sold 43,903 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $44.92, for a total value of $1,972,122.76. Following the transaction, the chief executive officer now owns 711,658 shares in the company, valued at approximately $31,967,677.36. 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.