Mizuho cut shares of Public Service Enterprise Group (NYSE:PEG) from a buy rating to a neutral rating in a research report report published on Monday morning. The analysts noted that the move was a valuation call.

Other research analysts have also issued research reports about the company. Argus lifted their target price on Public Service Enterprise Group from $51.00 to $56.00 and gave the company a buy rating in a report on Wednesday, October 25th. Zacks Investment Research raised Public Service Enterprise Group from a hold rating to a buy rating and set a $53.00 price objective for the company in a report on Tuesday, October 10th. Guggenheim reissued a buy rating and set a $58.00 price objective on shares of Public Service Enterprise Group in a report on Wednesday, January 3rd. ValuEngine raised Public Service Enterprise Group from a hold rating to a buy rating in a report on Friday, February 2nd. Finally, Jefferies Group reissued a hold rating and set a $46.50 price objective on shares of Public Service Enterprise Group in a report on Thursday, October 12th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Public Service Enterprise Group has an average rating of Buy and a consensus price target of $51.46.

Public Service Enterprise Group (PEG) opened at $47.70 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $24,714.93, a PE ratio of 46.31, a price-to-earnings-growth ratio of 4.62 and a beta of 0.39. Public Service Enterprise Group has a twelve month low of $41.67 and a twelve month high of $53.28.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 20,833 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $52.90, for a total value of $1,102,065.70. Following the completion of the sale, the chairman now owns 687,600 shares of the company’s stock, valued at $36,374,040. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Derek M. Dirisio sold 2,185 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $51.50, for a total value of $112,527.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,684 shares of company stock valued at $3,344,767. 0.61% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC boosted its stake in Public Service Enterprise Group by 11.7% in the second quarter. Advisory Services Network LLC now owns 5,149 shares of the utilities provider’s stock worth $221,000 after buying an additional 541 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in Public Service Enterprise Group in the third quarter worth approximately $340,000. Reaves W H & Co. Inc. purchased a new stake in Public Service Enterprise Group in the third quarter worth approximately $22,266,000. FMR LLC boosted its stake in Public Service Enterprise Group by 20.2% in the second quarter. FMR LLC now owns 2,605,260 shares of the utilities provider’s stock worth $112,051,000 after buying an additional 438,684 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Public Service Enterprise Group by 12.5% in the fourth quarter. Bank of Montreal Can now owns 819,808 shares of the utilities provider’s stock worth $42,219,000 after buying an additional 91,251 shares in the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

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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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