News coverage about Public Service Enterprise Group (NYSE:PEG) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Public Service Enterprise Group earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.9663598750199 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Public Service Enterprise Group Incorporated (PEG) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Swiveling Stock- Public Service Enterprise Group Incorporated (NYSE:PEG) – The Stock Street (press release) (thestreetpoint.com)
- Public Service Enterprise Group Incorporated (PEG) Dolls Up on Performance and Volatility Measure – Stock News Stop (stockmarketstop.com)
- Head to Head Comparison: NV Energy (NVE) versus Public Service Enterprise Group (PEG) (americanbankingnews.com)
Public Service Enterprise Group (PEG) opened at $50.10 on Friday. Public Service Enterprise Group has a 12 month low of $41.67 and a 12 month high of $53.28. The firm has a market capitalization of $25,301.94, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 6.10 and a beta of 0.41. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 0.86.
Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.62 billion. Public Service Enterprise Group had a net margin of 5.73% and a return on equity of 11.33%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. equities research analysts predict that Public Service Enterprise Group will post 2.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.72 annualized dividend and a yield of 3.43%. Public Service Enterprise Group’s dividend payout ratio is presently 166.99%.
PEG has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on Public Service Enterprise Group from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Wells Fargo & Co upgraded Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Argus increased their price target on Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Morgan Stanley upgraded Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a report on Thursday, September 21st. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Public Service Enterprise Group currently has a consensus rating of “Buy” and an average price target of $51.32.
In other news, COO Ralph A. Larossa sold 33,000 shares of Public Service Enterprise Group stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $50.12, for a total value of $1,653,960.00. Following the completion of the sale, the chief operating officer now owns 81,241 shares of the company’s stock, valued at $4,071,798.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Ralph Izzo sold 60,793 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.70, for a total value of $3,021,412.10. Following the sale, the chairman now directly owns 748,778 shares of the company’s stock, valued at approximately $37,214,266.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 144,071 shares of company stock valued at $7,275,472. 0.61% of the stock is currently owned by insiders.
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About Public Service Enterprise Group
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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