Public Service Enterprise Group Incorporated (NYSE:PEG)‘s stock had its “neutral” rating reissued by Citigroup Inc. in a research note issued on Thursday. They presently have a $49.00 price target on the utilities provider’s stock, up from their prior price target of $44.00. Citigroup Inc.’s price objective points to a potential upside of 7.83% from the stock’s current price.

PEG has been the topic of a number of other research reports. Zacks Investment Research lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Mizuho initiated coverage on Public Service Enterprise Group in a research report on Wednesday, April 19th. They set a “neutral” rating and a $44.50 price target on the stock. Wolfe Research raised Public Service Enterprise Group from an “underperform” rating to a “market perform” rating in a research report on Monday, July 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of Public Service Enterprise Group in a research report on Wednesday, May 10th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Public Service Enterprise Group in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Public Service Enterprise Group currently has a consensus rating of “Hold” and a consensus target price of $47.45.

Shares of Public Service Enterprise Group (PEG) opened at 45.44 on Thursday. The company has a market cap of $22.99 billion, a PE ratio of 51.06 and a beta of 0.38. The stock’s 50 day moving average is $43.82 and its 200-day moving average is $44.15. Public Service Enterprise Group has a one year low of $39.28 and a one year high of $46.14.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the firm posted $0.57 earnings per share. Equities research analysts expect that Public Service Enterprise Group will post $2.92 earnings per share for the current year.

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In related news, Chairman Ralph Izzo sold 23,400 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the sale, the chairman now owns 748,474 shares of the company’s stock, valued at $33,853,479.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Ralph A. Larossa sold 24,021 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $43.55, for a total value of $1,046,114.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,421 shares of company stock worth $3,389,397. 0.61% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of Public Service Enterprise Group by 19.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,314 shares of the utilities provider’s stock worth $103,000 after buying an additional 381 shares during the last quarter. Hudock Capital Group LLC increased its stake in shares of Public Service Enterprise Group by 38.8% in the second quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider’s stock worth $113,000 after buying an additional 735 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Public Service Enterprise Group by 0.8% in the first quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider’s stock worth $114,000 after buying an additional 20 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of Public Service Enterprise Group by 3.8% in the first quarter. Kistler Tiffany Companies LLC now owns 2,684 shares of the utilities provider’s stock worth $119,000 after buying an additional 99 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Public Service Enterprise Group by 21.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,065 shares of the utilities provider’s stock worth $134,000 after buying an additional 543 shares during the last quarter. 65.76% of the stock is currently owned by institutional investors.

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.

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

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