News stories about Public Service Enterprise Group (NYSE:PEG) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Public Service Enterprise Group earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.5997208964081 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Public Service Enterprise Group (NYSE PEG) traded down $0.17 during trading hours on Thursday, reaching $51.43. 2,539,700 shares of the company were exchanged, compared to its average volume of 2,767,777. The company has a market capitalization of $26,111.60, a PE ratio of 17.79, a PEG ratio of 6.45 and a beta of 0.39. Public Service Enterprise Group has a 12-month low of $40.65 and a 12-month high of $52.12. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.80 and a quick ratio of 0.56.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.62 billion. Public Service Enterprise Group had a return on equity of 11.33% and a net margin of 5.73%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. equities analysts anticipate that Public Service Enterprise Group will post 2.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, December 7th. Public Service Enterprise Group’s dividend payout ratio is presently 166.99%.

PEG has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Wednesday, September 20th. BidaskClub upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Mizuho upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $44.50 to $50.00 in a research report on Friday, August 11th. Argus boosted their price target on shares of Public Service Enterprise Group from $51.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Morgan Stanley boosted their price target on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Public Service Enterprise Group presently has an average rating of “Buy” and an average target price of $50.42.

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In related news, insider Derek M. Dirisio sold 2,185 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $51.50, for a total value of $112,527.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Ralph A. Larossa sold 33,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $50.12, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 243,118 shares of company stock valued at $11,942,975 over the last quarter. 0.61% of the stock is currently owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for Public Service Enterprise Group (NYSE:PEG)

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