Public Service Enterprise Group Incorporated (NYSE:PEG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $88.81.

A number of equities analysts recently issued reports on PEG shares. Evercore ISI cut their target price on Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 price objective for the company. in a report on Wednesday, March 19th. Morgan Stanley lifted their price target on Public Service Enterprise Group from $96.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. BMO Capital Markets lowered their price objective on Public Service Enterprise Group from $86.00 to $83.00 and set a "market perform" rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company cut their target price on Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th.

Public Service Enterprise Group Stock Performance

Shares of NYSE:PEG traded down $0.56 on Tuesday, reaching $78.92. 1,793,046 shares of the company's stock were exchanged, compared to its average volume of 2,711,590. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $39.38 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.78 and a beta of 0.48. The company has a fifty day moving average of $80.97 and a 200-day moving average of $84.46. Public Service Enterprise Group has a twelve month low of $71.89 and a twelve month high of $95.22.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $1.43 EPS for the quarter, hitting the consensus estimate of $1.43. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the business earned $1.31 EPS. The business's quarterly revenue was up 16.7% compared to the same quarter last year. On average, research analysts predict that Public Service Enterprise Group will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group's payout ratio is 68.85%.

Insider Activity

In related news, CEO Ralph A. Larossa sold 1,378 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $82.88, for a total value of $114,208.64. Following the transaction, the chief executive officer now owns 221,670 shares in the company, valued at approximately $18,372,009.60. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.19% of the company's stock.

Institutional Trading of Public Service Enterprise Group

A number of large investors have recently bought and sold shares of the company. Transce3nd LLC purchased a new stake in Public Service Enterprise Group during the fourth quarter valued at about $25,000. Chapman Financial Group LLC purchased a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at approximately $25,000. REAP Financial Group LLC lifted its stake in shares of Public Service Enterprise Group by 105.9% during the 4th quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock valued at $27,000 after buying an additional 162 shares in the last quarter. Headlands Technologies LLC bought a new position in Public Service Enterprise Group in the 1st quarter worth approximately $32,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Public Service Enterprise Group during the 4th quarter valued at $35,000. 73.34% of the stock is owned by hedge funds and other institutional investors.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.