Public Service Enterprise Group (PEG) Expected to Announce Earnings on Tuesday

Public Service Enterprise Group (NYSE:PEG - Get Free Report) is anticipated to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect Public Service Enterprise Group to post earnings of $0.82 per share and revenue of $2.54 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Public Service Enterprise Group Trading Down 1.0 %

Shares of Public Service Enterprise Group stock traded down $0.85 on Friday, hitting $83.82. The stock had a trading volume of 4,699,113 shares, compared to its average volume of 2,271,344. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. Public Service Enterprise Group has a one year low of $59.29 and a one year high of $95.22. The stock has a market cap of $41.76 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.82 and a beta of 0.64. The stock's 50-day simple moving average is $84.99 and its two-hundred day simple moving average is $85.89.

Public Service Enterprise Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.63 dividend. This is a boost from Public Service Enterprise Group's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.52 annualized dividend and a dividend yield of 3.01%. Public Service Enterprise Group's dividend payout ratio (DPR) is currently 58.97%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays cut shares of Public Service Enterprise Group from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $88.00 to $84.00 in a report on Monday, January 27th. Guggenheim reiterated a "buy" rating on shares of Public Service Enterprise Group in a report on Wednesday, December 11th. Scotiabank lifted their price target on shares of Public Service Enterprise Group from $73.00 to $86.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Finally, UBS Group lifted their price target on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.83.

Insider Buying and Selling 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 value of $114,511.80. Following the completion of the transaction, the chief executive officer now owns 126,791 shares of the company's stock, valued at $10,536,332.10. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.57% 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.