Public Service Enterprise Group Rating Reiterated by Zacks (PEG)
Public Service Enterprise Group (NYSE: PEG)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Monday. They currently have a $34.00 price target on the stock.
A number of other analysts have also recently weighed in on PEG. Analysts at Macquarie reiterated a “neutral” rating on shares of Public Service Enterprise Group in a research note to investors on Wednesday, March 6th. They now have a $32.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Public Service Enterprise Group from $33.00 to $34.00 in a research note to investors on Monday, March 4th. Finally, analysts at Deutsche Bank raised their price target on shares of Public Service Enterprise Group from $32.00 to $33.00 in a research note to investors on Monday, March 4th. They now have a “hold” rating on the stock.
Shares of Public Service Enterprise Group traded up 0.28% during mid-day trading on Monday, hitting $32.78. Public Service Enterprise Group has a 52 week low of $28.92 and a 52 week high of $34.07. The stock’s 50-day moving average is currently $31.55. The company has a market cap of $16.585 billion and a P/E ratio of 13.02.
Public Service Enterprise Group last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. During the same quarter in the previous year, the company posted $0.47 earnings per share. Public Service Enterprise Group has set its FY13 guidance at $2.25-2.50 EPS. On average, analysts predict that Public Service Enterprise Group will post $2.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Stockholders of record on Friday, March 8th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, March 6th. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.36.
Public Service Enterprise Group Incorporated (PSEG) is a holding company that operates through three principal direct wholly owned subsidiaries: PSEG Power LLC (Power), Public Service Electric and Gas Company (PSE&G), and PSEG Energy Holdings LLC (Energy Holdings).
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