Public Service Enterprise Group Incorporated (NYSE:PEG)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Thursday. They currently have a $46.50 target price on the utilities provider’s stock. Jefferies Group LLC’s target price would suggest a potential downside of 3.91% from the company’s previous close.

PEG has been the topic of several other research reports. BidaskClub upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Morgan Stanley increased their price target on Public Service Enterprise Group from $51.00 to $53.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Zacks Investment Research upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, August 1st. Mizuho upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $44.50 to $50.00 in a report on Friday, August 11th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $49.00 price objective (up from $44.00) on shares of Public Service Enterprise Group in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Public Service Enterprise Group has a consensus rating of “Buy” and an average target price of $49.29.

Shares of Public Service Enterprise Group (PEG) opened at 48.39 on Thursday. Public Service Enterprise Group has a 52-week low of $39.28 and a 52-week high of $48.40. The stock’s 50 day moving average price is $46.58 and its 200-day moving average price is $44.88. The firm has a market cap of $24.48 billion, a price-to-earnings ratio of 54.37 and a beta of 0.38.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.33 billion. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, analysts forecast that Public Service Enterprise Group will post $2.92 EPS for the current year.

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In other news, insider Derek M. Dirisio sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $47.11, for a total value of $70,665.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Ralph Izzo sold 23,400 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total value of $1,058,382.00. Following the completion of the transaction, the chairman now directly owns 748,474 shares of the company’s stock, valued at $33,853,479.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,733 shares of company stock valued at $2,097,782. 0.61% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of Public Service Enterprise Group by 0.8% in the first quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock worth $114,000 after acquiring an additional 20 shares during the period. Premier Asset Management LLC boosted its stake in Public Service Enterprise Group by 0.6% during the second quarter. Premier Asset Management LLC now owns 5,356 shares of the utilities provider’s stock valued at $230,000 after buying an additional 31 shares during the period. Wsfs Capital Management LLC boosted its stake in Public Service Enterprise Group by 0.5% during the second quarter. Wsfs Capital Management LLC now owns 9,123 shares of the utilities provider’s stock valued at $392,000 after buying an additional 44 shares during the period. Advisor Partners LLC boosted its stake in Public Service Enterprise Group by 0.5% during the second quarter. Advisor Partners LLC now owns 10,106 shares of the utilities provider’s stock valued at $435,000 after buying an additional 48 shares during the period. Finally, FCG Advisors LLC boosted its stake in Public Service Enterprise Group by 0.4% during the second quarter. FCG Advisors LLC now owns 12,005 shares of the utilities provider’s stock valued at $516,000 after buying an additional 52 shares during the period. 65.88% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

Analyst Recommendations for Public Service Enterprise Group (NYSE:PEG)

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