Public Service Enterprise Group Incorporated (NYSE:PEG) Receives $89.83 Consensus Price Target from Analysts

Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $89.65.

PEG has been the topic of several research analyst reports. Barclays cut Public Service Enterprise Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $88.00 to $84.00 in a research note on Monday, January 27th. Morgan Stanley boosted 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. Scotiabank boosted their price target on Public Service Enterprise Group from $73.00 to $86.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. LADENBURG THALM/SH SH cut 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. Finally, StockNews.com raised Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note on Friday, March 14th.

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Insider Transactions at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,378 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $84.91, for a total value of $117,005.98. Following the completion of the transaction, the chief executive officer now directly owns 144,212 shares in the company, valued at approximately $12,245,040.92. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Transce3nd LLC acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at $25,000. Chapman Financial Group LLC acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at $25,000. REAP Financial Group LLC raised its stake in shares of Public Service Enterprise Group by 105.9% in 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 in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at $35,000. Finally, OFI Invest Asset Management acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at $39,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group Stock Up 0.0 %

NYSE:PEG traded up $0.02 on Monday, hitting $83.15. 1,091,380 shares of the company's stock traded hands, compared to its average volume of 2,540,614. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. Public Service Enterprise Group has a 1 year low of $63.54 and a 1 year high of $95.22. The firm has a 50-day moving average price of $83.57 and a 200-day moving average price of $86.02. The company has a market cap of $41.46 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share 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 analysts' expectations of $2.03 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The business's revenue for the quarter was down 5.4% on a year-over-year basis. Equities analysts anticipate that Public Service Enterprise Group will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.63 per share. The ex-dividend date is Monday, March 10th. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.60. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.03%. Public Service Enterprise Group's payout ratio is 71.19%.

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.