Shares of Public Service Enterprise Group Inc. (NYSE:PEG) have received a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $57.04.

A number of research firms recently weighed in on PEG. Zacks Investment Research lowered shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup raised shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Tuesday, October 9th. Morgan Stanley set a $58.00 price target on shares of Public Service Enterprise Group and gave the company a “buy” rating in a research report on Thursday, September 27th. Argus increased their price target on shares of Public Service Enterprise Group from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Finally, Wolfe Research raised shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a research report on Tuesday.

In other Public Service Enterprise Group news, insider Derek M. Dirisio sold 2,300 shares of Public Service Enterprise Group stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $53.02, for a total value of $121,946.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Ralph Izzo sold 52,407 shares of Public Service Enterprise Group stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $55.39, for a total value of $2,902,823.73. Following the completion of the transaction, the chairman now owns 515,233 shares of the company’s stock, valued at approximately $28,538,755.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,565 shares of company stock worth $9,857,367. Company insiders own 0.58% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. lifted its position in Public Service Enterprise Group by 5,542.4% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 9,592 shares of the utilities provider’s stock worth $500,000 after buying an additional 9,422 shares during the period. Strs Ohio increased its holdings in Public Service Enterprise Group by 10.0% in the 4th quarter. Strs Ohio now owns 64,191 shares of the utilities provider’s stock worth $3,341,000 after buying an additional 5,861 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in Public Service Enterprise Group by 1.9% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 14,634 shares of the utilities provider’s stock worth $762,000 after buying an additional 279 shares during the period. First American Bank increased its holdings in Public Service Enterprise Group by 5.0% in the 4th quarter. First American Bank now owns 56,764 shares of the utilities provider’s stock worth $2,954,000 after buying an additional 2,687 shares during the period. Finally, OLD Second National Bank of Aurora increased its holdings in Public Service Enterprise Group by 0.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 53,444 shares of the utilities provider’s stock worth $2,782,000 after buying an additional 282 shares during the period. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group stock traded up $0.40 during midday trading on Friday, reaching $53.12. 151,396 shares of the stock were exchanged, compared to its average volume of 2,859,644. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $26.25 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 2.37 and a beta of 0.39. Public Service Enterprise Group has a 52 week low of $46.19 and a 52 week high of $56.68.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, October 30th. The utilities provider reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.04. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.62 billion. Public Service Enterprise Group had a net margin of 23.54% and a return on equity of 11.24%. During the same quarter in the prior year, the firm posted $0.82 EPS. Research analysts forecast that Public Service Enterprise Group will post 3.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Thursday, December 6th. Public Service Enterprise Group’s dividend payout ratio is currently 61.43%.

Public Service Enterprise Group Company Profile

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; and 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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