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

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $89.63.

Several research firms have recently issued reports on PEG. Guggenheim decreased their price objective on Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Evercore ISI lowered their target price on shares of Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Morgan Stanley cut their price target on shares of Public Service Enterprise Group from $102.00 to $101.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Wall Street Zen cut shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Finally, Barclays dropped their price objective on Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th.

Insider Activity at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,378 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $79.26, for a total value of $109,220.28. Following the completion of the sale, the chief executive officer now owns 221,093 shares of the company's stock, valued at $17,523,831.18. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Public Service Enterprise Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Transce3nd LLC purchased a new stake in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $25,000. Chapman Financial Group LLC purchased a new position in shares of Public Service Enterprise Group in the fourth quarter valued at $25,000. REAP Financial Group LLC grew its holdings in 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 purchasing an additional 162 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Public Service Enterprise Group during the 1st quarter worth $32,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in Public Service Enterprise Group during the 1st quarter worth $33,000. 73.34% of the stock is owned by institutional investors and hedge funds.

Public Service Enterprise Group Trading Up 1.8%

NYSE:PEG traded up $1.43 on Friday, reaching $80.98. The stock had a trading volume of 12,247,488 shares, compared to its average volume of 2,776,646. The company has a market cap of $40.41 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.78 and a beta of 0.48. Public Service Enterprise Group has a 12-month low of $71.89 and a 12-month high of $95.22. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. The firm's fifty day moving average is $80.29 and its two-hundred day moving average is $83.65.

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

Public Service Enterprise Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $0.63 per share. The ex-dividend date is Monday, June 9th. This represents a $2.52 dividend on an annualized basis and a yield of 3.11%. Public Service Enterprise Group's dividend payout ratio (DPR) is 68.85%.

Public Service Enterprise Group Company Profile

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.