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

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $89.35.

A number of equities analysts recently weighed in on PEG shares. Guggenheim reaffirmed a "buy" rating and issued a $98.00 price target on shares of Public Service Enterprise Group in a report on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Barclays lowered their price target on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 target price for the company. in a research note on Wednesday, March 19th. Finally, BMO Capital Markets decreased their price objective on shares of Public Service Enterprise Group from $86.00 to $83.00 and set a "market perform" rating on the stock in a report on Thursday, April 10th.

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Public Service Enterprise Group Trading Down 0.1 %

Shares of PEG stock traded down $0.12 on Friday, reaching $83.41. 121,582 shares of the company's stock were exchanged, compared to its average volume of 2,842,296. The company's fifty day simple moving average is $81.92 and its 200 day simple moving average is $85.66. 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 stock has a market capitalization of $41.59 billion, a PE ratio of 20.49, a P/E/G ratio of 2.78 and a beta of 0.52. Public Service Enterprise Group has a 52 week low of $64.40 and a 52 week high of $95.22.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.01. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, analysts forecast that Public Service Enterprise Group will post 3.67 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $0.63 per share. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.60. The ex-dividend date was Monday, March 10th. This represents a $2.52 annualized dividend and a dividend yield of 3.02%. Public Service Enterprise Group's dividend payout ratio (DPR) is 71.19%.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $83.10, for a total transaction of $114,511.80. Following the completion of the sale, the chief executive officer now directly owns 126,791 shares in the company, valued at $10,536,332.10. The trade was a 1.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Public Service Enterprise Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Transce3nd LLC bought a new position in shares of Public Service Enterprise Group during the 4th quarter worth about $25,000. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group during the 4th quarter worth about $25,000. REAP Financial Group LLC grew its stake in shares of Public Service Enterprise Group by 105.9% during the fourth 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 during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at $35,000. Finally, OFI Invest Asset Management acquired a new stake in Public Service Enterprise Group in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 73.34% of the company's stock.

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.