Public Service Enterprise Group Incorporated (NYSE:PEG) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.80-$3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.92.

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) traded up 1.128% during midday trading on Wednesday, hitting $49.755. The stock had a trading volume of 1,007,173 shares. The stock has a market capitalization of $25.17 billion, a price-to-earnings ratio of 55.904 and a beta of 0.38. Public Service Enterprise Group Incorporated has a 52 week low of $39.28 and a 52 week high of $50.19. The stock has a 50 day moving average price of $47.46 and a 200-day moving average price of $45.32.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. Equities research analysts anticipate that Public Service Enterprise Group Incorporated will post $2.92 earnings per share for the current year.

PEG has been the topic of several recent research reports. BidaskClub upgraded Public Service Enterprise Group from a strong sell rating to a sell rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Public Service Enterprise Group from a hold rating to a buy rating and set a $53.00 price target on the stock in a research report on Tuesday, October 10th. Argus raised their price target on Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. Wells Fargo & Company upgraded Public Service Enterprise Group from a market perform rating to an outperform rating in a research report on Wednesday. Finally, Bank of America Corporation initiated coverage on Public Service Enterprise Group in a research report on Tuesday, October 24th. They issued a neutral rating and a $49.00 price target on the stock. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $50.42.

In related news, Chairman Ralph Izzo sold 20,833 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $46.50, for a total transaction of $968,734.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Derek M. Dirisio sold 1,500 shares of Public Service Enterprise Group stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total value of $70,665.00. The disclosure for this sale can be found here. Insiders have sold a total of 148,640 shares of company stock worth $7,225,740 in the last ninety days. 0.61% of the stock is currently owned by company insiders.

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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.

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