Mizuho cut shares of Public Service Enterprise Group (NYSE:PEG) from a buy rating to a neutral rating in a report issued on Monday morning. The analysts noted that the move was a valuation call.

A number of other analysts have also recently commented on PEG. Royal Bank of Canada restated a hold rating and issued a $47.00 price target on shares of Public Service Enterprise Group in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Public Service Enterprise Group from a hold rating to a buy rating and set a $53.00 price target for the company in a research report on Tuesday, October 10th. Jefferies Group restated a hold rating and issued a $46.50 price target on shares of Public Service Enterprise Group in a research report on Thursday, October 12th. JPMorgan Chase & Co. upped 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. Finally, Bank of America 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 for the company. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Public Service Enterprise Group currently has a consensus rating of Buy and an average target price of $51.46.

Shares of Public Service Enterprise Group (PEG) opened at $46.73 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.56. The company has a market capitalization of $24,102.63, a PE ratio of 45.37, a price-to-earnings-growth ratio of 4.50 and a beta of 0.39. Public Service Enterprise Group has a 1 year low of $41.67 and a 1 year high of $53.28.

In other news, insider Derek M. Dirisio sold 2,185 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $51.50, for a total value of $112,527.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Ralph Izzo sold 20,833 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $51.25, for a total value of $1,067,691.25. Following the completion of the transaction, the chairman now directly owns 645,934 shares of the company’s stock, valued at approximately $33,104,117.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,684 shares of company stock valued at $3,344,767. Corporate insiders own 0.61% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEG. Grove Bank & Trust boosted its stake in Public Service Enterprise Group by 209.4% during the third quarter. Grove Bank & Trust now owns 2,274 shares of the utilities provider’s stock valued at $105,000 after buying an additional 1,539 shares during the last quarter. IHT Wealth Management LLC boosted its stake in Public Service Enterprise Group by 45.9% during the second quarter. IHT Wealth Management LLC now owns 642 shares of the utilities provider’s stock valued at $131,000 after buying an additional 202 shares during the last quarter. Gradient Investments LLC bought a new position in Public Service Enterprise Group during the fourth quarter valued at approximately $163,000. Chicago Partners Investment Group LLC bought a new position in Public Service Enterprise Group during the third quarter valued at approximately $185,000. Finally, Cable Hill Partners LLC boosted its stake in Public Service Enterprise Group by 33.4% during the third quarter. Cable Hill Partners LLC now owns 4,093 shares of the utilities provider’s stock valued at $190,000 after buying an additional 1,025 shares during the last quarter. 66.85% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Public Service Enterprise Group (PEG) Stock Rating Lowered by Mizuho” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/public-service-enterprise-group-peg-stock-rating-lowered-by-mizuho/1853902.html.

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)

Receive News & Ratings for Public Service Enterprise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group and related companies with MarketBeat.com's FREE daily email newsletter.