Public Service Enterprise Group (NYSE:PEG) Upgraded to Hold at Wall Street Zen

Public Service Enterprise Group (NYSE:PEG - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently weighed in on the stock. Barclays dropped their price target on shares of Public Service Enterprise Group from $83.00 to $82.00 and set an "equal weight" rating for the company in a research note on Thursday. UBS Group raised shares of Public Service Enterprise Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $86.00 to $97.00 in a research note on Monday, July 7th. Guggenheim dropped their price target on shares of Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Morgan Stanley dropped their price target on shares of Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Finally, 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 target for the company. in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.38.

Public Service Enterprise Group Price Performance

PEG stock traded up $0.36 during mid-day trading on Friday, reaching $82.52. The company's stock had a trading volume of 1,870,718 shares, compared to its average volume of 2,771,431. The stock has a market cap of $41.18 billion, a PE ratio of 22.55, a P/E/G ratio of 2.94 and a beta of 0.48. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 1.25. Public Service Enterprise Group has a fifty-two week low of $73.72 and a fifty-two week high of $95.22. The company's 50 day moving average is $80.63 and its two-hundred day moving average is $82.17.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.43 EPS for the quarter, meeting analysts' consensus estimates of $1.43. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.15 billion. Public Service Enterprise Group had a net margin of 17.01% and a return on equity of 11.80%. Public Service Enterprise Group's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. Equities research analysts expect that Public Service Enterprise Group will post 3.67 EPS for the current year.

Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,387 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $83.12, for a total value of $115,287.44. Following the completion of the transaction, the chief executive officer owned 218,328 shares of the company's stock, valued at $18,147,423.36. This trade represents a 0.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of hedge funds and other institutional investors have recently modified their holdings of PEG. Transce3nd LLC acquired a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at $25,000. Chapman Financial Group LLC acquired a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at $25,000. REAP Financial Group LLC raised its holdings in shares of Public Service Enterprise Group by 105.9% in 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 acquired a new stake in shares of Public Service Enterprise Group in the 1st quarter valued at $32,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Public Service Enterprise Group in the 1st quarter valued at $33,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

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.