Headlines about Public Service Enterprise Group (NYSE:PEG) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Public Service Enterprise Group earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 45.6994968445613 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Public Service Enterprise Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Guggenheim restated a “buy” rating and set a $58.00 target price on shares of Public Service Enterprise Group in a report on Wednesday, January 3rd. Zacks Investment Research cut shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Wells Fargo & Co upgraded shares of Public Service Enterprise Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 1st. Finally, Argus raised their target price on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Public Service Enterprise Group has a consensus rating of “Buy” and an average price target of $51.32.
Shares of Public Service Enterprise Group (NYSE:PEG) traded up $0.72 during trading hours on Wednesday, hitting $50.27. 2,937,796 shares of the company traded hands, compared to its average volume of 4,108,000. 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 stock has a market cap of $25,352.54, a P/E ratio of 48.81, a PEG ratio of 6.12 and a beta of 0.41. Public Service Enterprise Group has a fifty-two week low of $41.67 and a fifty-two week high of $53.28.
Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). Public Service Enterprise Group had a net margin of 5.73% and a return on equity of 11.33%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company posted $0.88 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. sell-side analysts predict that Public Service Enterprise Group will post 2.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a $0.43 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.72 dividend on an annualized basis and a yield of 3.42%. Public Service Enterprise Group’s payout ratio is 166.99%.
In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 20,833 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $51.25, for a total value of $1,067,691.25. Following the completion of the sale, the chairman now owns 645,934 shares in the company, valued at approximately $33,104,117.50. The transaction 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 stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $51.50, for a total transaction of $112,527.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,071 shares of company stock valued at $7,275,472. Insiders own 0.61% of the company’s stock.
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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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