Public Service Enterprise Group Stock Rating Reaffirmed by Macquarie (PEG)
Public Service Enterprise Group (NYSE: PEG)‘s stock had its “neutral” rating reaffirmed by research analysts at Macquarie in a report released on Wednesday. They currently have a $32.00 target price on the stock.
Public Service Enterprise Group traded down 0.62% on Wednesday, hitting $32.885. 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 $31.29. The company has a market cap of $16.638 billion and a price-to-earnings ratio of 13.18.
Public Service Enterprise Group last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.05. During the same quarter last 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.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Public Service Enterprise Group in a research note to investors on Monday. They now have a $35.00 price target on the stock, up previously from $33.00.
One equities research analyst has rated the stock with an overweight rating, fourteen have issued a hold rating, one has assigned an underweight rating, and two have assigned a sell rating to the company’s stock. The stock currently has a consensus rating of “hold” and an average price target of $31.80.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Investors of record on Friday, March 8th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Wednesday, March 6th. This is an increase 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.