Public Service Enterprise Group (NYSE:PEG) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a $64.00 price objective on the utilities provider’s stock. Wolfe Research’s target price points to a potential upside of 5.11% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. UBS Group boosted their target price on Public Service Enterprise Group from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. ValuEngine downgraded Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Mizuho boosted their target price on Public Service Enterprise Group from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup downgraded Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Monday, July 29th. Finally, Barclays assumed coverage on Public Service Enterprise Group in a research report on Tuesday, August 13th. They issued an “overweight” rating and a $63.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $63.23.

Shares of NYSE PEG traded up $0.29 during mid-day trading on Thursday, reaching $60.89. The company’s stock had a trading volume of 1,186,422 shares, compared to its average volume of 1,759,865. The firm has a market capitalization of $30.88 billion, a PE ratio of 19.52, a P/E/G ratio of 5.09 and a beta of 0.28. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.75 and a quick ratio of 0.52. The stock has a fifty day moving average of $62.05 and a two-hundred day moving average of $60.27. Public Service Enterprise Group has a 52 week low of $49.22 and a 52 week high of $63.88.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.55 billion. Public Service Enterprise Group had a return on equity of 11.01% and a net margin of 14.45%. During the same quarter in the prior year, the company posted $0.95 earnings per share. Analysts anticipate that Public Service Enterprise Group will post 3.25 EPS for the current fiscal year.

In other Public Service Enterprise Group news, COO Ralph A. Larossa sold 1,650 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $63.05, for a total transaction of $104,032.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel J. Cregg sold 625 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $61.90, for a total value of $38,687.50. The disclosure for this sale can be found here. Insiders sold 8,576 shares of company stock worth $525,939 over the last quarter. 0.51% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of PEG. Berman Capital Advisors LLC raised its position in Public Service Enterprise Group by 79.0% during the second quarter. Berman Capital Advisors LLC now owns 460 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 203 shares during the period. Stonebridge Capital Advisors LLC purchased a new stake in Public Service Enterprise Group during the second quarter valued at approximately $29,000. Capital Investment Advisory Services LLC raised its position in Public Service Enterprise Group by 123.0% during the third quarter. Capital Investment Advisory Services LLC now owns 475 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 262 shares during the period. Executive Wealth Management LLC raised its position in Public Service Enterprise Group by 137.4% during the second quarter. Executive Wealth Management LLC now owns 781 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 452 shares during the period. Finally, Bridger Capital Management LLC purchased a new stake in Public Service Enterprise Group during the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

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

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