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

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven analysts that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $89.86.

Several research analysts recently weighed in on PEG shares. UBS Group raised Public Service Enterprise Group from a "neutral" rating to a "buy" rating and raised their target price for the company from $86.00 to $97.00 in a research note on Monday, July 7th. Barclays decreased their price target on Public Service Enterprise Group from $83.00 to $82.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Guggenheim decreased their price target on Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen lowered Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research report on Sunday. Finally, Morgan Stanley decreased their price objective on Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th.

Insider Buying and Selling

In related news, CEO Ralph A. Larossa sold 1,387 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $83.12, for a total transaction of $115,287.44. Following the completion of the transaction, the chief executive officer directly owned 218,328 shares of the company's stock, valued at approximately $18,147,423.36. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company's stock.

Institutional Trading of Public Service Enterprise Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Transce3nd LLC acquired a new stake in Public Service Enterprise Group during the 4th quarter worth approximately $25,000. Chapman Financial Group LLC acquired a new stake in Public Service Enterprise Group during the 4th quarter worth approximately $25,000. REAP Financial Group LLC increased its stake 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 worth $27,000 after acquiring an additional 162 shares during the period. Headlands Technologies LLC bought a new position in Public Service Enterprise Group during the 1st quarter worth $32,000. Finally, Wealth Preservation Advisors LLC bought a new position in Public Service Enterprise Group during the 1st quarter worth $33,000. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Stock Performance

Shares of PEG stock traded up $1.56 on Friday, hitting $84.31. 3,009,323 shares of the stock traded hands, compared to its average volume of 2,774,131. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.82 and a quick ratio of 0.65. The company has a market capitalization of $42.07 billion, a PE ratio of 23.04, a PEG ratio of 3.02 and a beta of 0.48. Public Service Enterprise Group has a 1-year low of $73.83 and a 1-year high of $95.22. The company's fifty day moving average is $80.98 and its 200 day moving average is $82.08.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share for the quarter, hitting the consensus estimate of $1.43. Public Service Enterprise Group had a return on equity of 11.80% and a net margin of 17.01%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $1.31 earnings per share. The firm's revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities research analysts predict that Public Service Enterprise Group will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were given a dividend of $0.63 per share. The ex-dividend date was Monday, June 9th. This represents a $2.52 annualized dividend and a yield of 2.99%. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 68.85%.

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.