A number of research firms have changed their ratings and price targets for Public Service Enterprise Group (NYSE: PEG):

  • 8/10/2017 – Public Service Enterprise Group had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a $49.00 price target on the stock, up previously from $44.00.
  • 8/10/2017 – Public Service Enterprise Group had its price target raised by analysts at Morgan Stanley from $50.00 to $51.00. They now have an “equal weight” rating on the stock.
  • 8/2/2017 – Public Service Enterprise Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Public Service Enterprise reported mixed results in the second quarter of 2017. While the company’s bottom-line figure comfortably surpassed the Zacks Consensus Estimate, the top-line number failed to meet the mark. Also the company’s unchanged guidance for 2017 indicated no significantly improved upside in the upcoming quarterly results. Nevertheless, its consistent capital-investment plans backed by a stable liquidity position have the potential to boost its performance. Moreover, Public Service Enterprise boasts a solid portfolio of regulated and non-regulated utility assets that offer stable earnings and significant long-term growth potential. Further, its share price outperformed the broader industry in past one year. However, stringent environmental regulations and commodity price volatility may be a setback for the stock.”
  • 8/1/2017 – Public Service Enterprise Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “Public Service Enterprise reported mixed results in the second quarter of 2017. While the company’s bottom-line figure comfortably surpassed the Zacks Consensus Estimate, the top-line number failed to meet the mark. Also the company’s unchanged guidance for 2017 indicated no significantly improved upside in the upcoming quarterly results. Nevertheless, its consistent capital-investment plans backed by a stable liquidity position have the potential to boost its performance. Moreover, Public Service Enterprise boasts a solid portfolio of regulated and non-regulated utility assets that offer stable earnings and significant long-term growth potential. Apart from focusing on transmission and distribution infrastructure, the company’s initiative to expand its renewable assets also buoys optimism. However, stringent environmental regulations and commodity price volatility may be a setback for the stock.”
  • 7/24/2017 – Public Service Enterprise Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/17/2017 – Public Service Enterprise Group was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating.
  • 7/10/2017 – Public Service Enterprise Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Public Service Enterprise’s consistent capital-investment plans backed by a stable liquidity position have the potential to boost its performance. Moreover, Public Service Enterprise boasts a solid portfolio of regulated and non-regulated utility assets that offer stable earnings and significant long-term growth potential. Apart from focusing on transmission and distribution infrastructure, the company’s initiative to expand its renewable assets also buoys optimism. Toward this end, the notable solar initiatives that the company currently is pursuing are the Solar Loan Program and the Solar 4 All and Solar 4 All Extension programs. However, stringent environmental regulations and commodity price volatility may be a setback for the stock. Again, Public Service Enterprise's stock underperformed the Zacks categorized Utility Electric-Power industry in the last one year.”
  • 7/4/2017 – Public Service Enterprise Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock. According to Zacks, “Public Service Enterprise’s consistent capital-investment plans backed by a stable liquidity position have the potential to boost its performance. Moreover, Public Service Enterprise boasts a solid portfolio of regulated and non-regulated utility assets that offer stable earnings and significant long-term growth potential. Apart from focusing on transmission and distribution infrastructure, the company’s initiative to expand its renewable assets also buoys optimism.  Toward this end, the notable solar initiatives that the company currently is pursuing are the Solar Loan Program and the Solar 4 All and Solar 4 All Extension programs. However, stringent environmental regulations and commodity price volatility  may be a setback for the stock.”
  • 6/27/2017 – Public Service Enterprise Group had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The).
  • 6/24/2017 – Public Service Enterprise Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Public Service Enterprise Group Incorporated (PEG) opened at 45.61 on Friday. Public Service Enterprise Group Incorporated has a 12-month low of $39.28 and a 12-month high of $46.14. The stock’s 50 day moving average price is $43.86 and its 200-day moving average price is $44.16. The company has a market cap of $23.07 billion, a PE ratio of 51.25 and a beta of 0.38.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.33 billion. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. During the same period in the previous year, the business earned $0.57 earnings per share. On average, equities research analysts forecast that Public Service Enterprise Group Incorporated will post $2.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a $0.43 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.72 dividend on an annualized basis and a yield of 3.77%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 193.26%.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 23,400 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total value of $1,058,382.00. Following the transaction, the chairman now directly owns 748,474 shares in the company, valued at $33,853,479.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Ralph A. Larossa sold 24,021 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $43.55, for a total transaction of $1,046,114.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,421 shares of company stock worth $3,389,397. Company insiders own 0.61% of the company’s stock.

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

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