Public Service Enterprise Group Incorporated (NYSE:PEG) was upgraded by Barclays PLC from an “equal weight” rating to an “overweight” rating in a report issued on Friday. The brokerage presently has a $51.00 price objective on the utilities provider’s stock, up from their previous price objective of $49.00. Barclays PLC’s price target points to a potential upside of 10.41% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Public Service Enterprise Group in a research report on Tuesday, June 27th. Mizuho upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.50 to $50.00 in a research report on Friday, August 11th. Finally, Morgan Stanley upped their price objective on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $49.05.

Public Service Enterprise Group (PEG) opened at 46.19 on Friday. Public Service Enterprise Group has a one year low of $39.28 and a one year high of $47.47. The company has a 50 day moving average price of $46.22 and a 200-day moving average price of $44.64. The firm has a market capitalization of $23.37 billion, a PE ratio of 51.90 and a beta of 0.39.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data 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. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company earned $0.57 EPS. On average, equities analysts predict that Public Service Enterprise Group will post $2.92 EPS for the current year.

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In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 1,500 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $47.11, for a total transaction of $70,665.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ralph Izzo sold 23,400 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the transaction, the chairman now owns 748,474 shares of the company’s stock, valued at $33,853,479.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,900 shares of company stock valued at $2,413,947. Corporate insiders own 0.61% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC boosted its stake in shares of Public Service Enterprise Group by 45.9% during the 2nd quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock worth $131,000 after buying an additional 202 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Public Service Enterprise Group by 19.7% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,314 shares of the utilities provider’s stock worth $103,000 after buying an additional 381 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Public Service Enterprise Group by 0.8% during the 1st quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock worth $114,000 after buying an additional 20 shares during the last quarter. Hudock Capital Group LLC boosted its stake in shares of Public Service Enterprise Group by 38.8% during the 2nd quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock worth $113,000 after buying an additional 735 shares during the last quarter. Finally, Vantage Investment Advisors LLC boosted its stake in shares of Public Service Enterprise Group by 35.3% during the 2nd quarter. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider’s stock worth $115,000 after buying an additional 700 shares during the last quarter. Institutional investors own 65.88% of the company’s stock.

About Public Service Enterprise Group

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.

Analyst Recommendations for Public Service Enterprise Group (NYSE:PEG)

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