The stock of Public Service Enterprise Group Inc. (NYSE:PEG) is a huge mover today! The stock increased 2.53% or $1.04 during the last trading session, hitting $42.08. About 3.43M shares traded hands or 24.73% up from the average. Public Service Enterprise Group Inc. (NYSE:PEG) has declined 11.91% since March 29, 2016 and is downtrending. It has underperformed by 15.39% the S&P500.
The move comes after 8 months positive chart setup for the $21.20B company. It was reported on Oct, 31 by Barchart.com. We have $66.49 PT which if reached, will make NYSE:PEG worth $12.30 billion more.
Analysts await Public Service Enterprise Group Inc. (NYSE:PEG) to report earnings on November, 4. They expect $0.86 EPS, up 7.50% or $0.06 from last year’s $0.8 per share. PEG’s profit will be $433.27M for 12.23 P/E if the $0.86 EPS becomes a reality. After $0.57 actual EPS reported by Public Service Enterprise Group Inc. for the previous quarter, Wall Street now forecasts 50.88% EPS growth.
Public Service Enterprise Group Inc. (NYSE:PEG) Ratings Coverage
Out of 12 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 3 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 25% are positive. Public Service Enterprise Group Incorporated has been the topic of 18 analyst reports since September 11, 2015 according to StockzIntelligence Inc. Wolfe Research downgraded the shares of PEG in a report on Tuesday, October 20 to “Underperform” rating. Citigroup initiated the shares of PEG in a report on Friday, September 18 with “Neutral” rating. The stock of Public Service Enterprise Group Inc. (NYSE:PEG) earned “Buy” rating by UBS on Wednesday, March 16. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, July 13. The firm has “Outperform” rating given on Monday, October 5 by RBC Capital Markets. Barclays Capital maintained Public Service Enterprise Group Inc. (NYSE:PEG) on Monday, March 14 with “Equal-Weight” rating. Argus Research maintained it with “Buy” rating and $45 target price in Monday, January 11 report. On Thursday, September 22 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was downgraded by Bank of America to “Underperform” on Tuesday, June 7. The rating was maintained by Argus Research on Thursday, February 25 with “Buy”.
According to Zacks Investment Research, “Public Service Entertainment Group has been an active participant in the ongoing policy debate on how the energy industry can best contribute to achieving the nation’s environmental objectives. PSEG has advocated independently, and through a coalition of companies known as the Clean Energy Group, for the industry to make further reductions in air pollutants traditionally associated with the production of electricity and to begin mandatory carbon dioxide reductions. PSEG has been actively engaged in the climate change policy debate for more than a decade.”
Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.12, from 1.19 in 2016Q1. The ratio dived, as 49 funds sold all Public Service Enterprise Group Inc. shares owned while 211 reduced positions. 61 funds bought stakes while 218 increased positions. They now own 326.15 million shares or 3.52% less from 338.06 million shares in 2016Q1.
Burt Wealth Advisors holds 0.08% or 1,612 shares in its portfolio. Gateway Investment Advisers Ltd Liability Company last reported 755,721 shares in the company. Metropolitan Life Ins Ny holds 263,796 shares or 0.09% of its portfolio. Westpac Corporation reported 512,971 shares or 0% of all its holdings. Barrett Asset Limited Liability last reported 6,200 shares in the company. Pinnacle Assoc Limited holds 0.05% or 48,619 shares in its portfolio. Cornerstone Advisors holds 81 shares or 0% of its portfolio. Wedge Cap Mgmt L L P Nc holds 0.17% or 444,080 shares in its portfolio. The New York-based New York State Teachers Retirement Systems has invested 0.11% in Public Service Enterprise Group Inc. (NYSE:PEG). Timber Hill Limited Com, a Connecticut-based fund reported 43,138 shares. Alexandria Cap has invested 0.01% of its portfolio in Public Service Enterprise Group Inc. (NYSE:PEG). Neville Rodie Shaw holds 4,699 shares or 0.03% of its portfolio. Shufro Rose And Co Lc has 0.1% invested in the company for 19,366 shares. Wealthtrust, a Alabama-based fund reported 369 shares. Virtu Fincl Limited Liability, a New York-based fund reported 16,255 shares.
Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 7 sales for $7.63 million net activity. $855,804 worth of shares were sold by IZZO RALPH on Monday, May 2. $116,617 worth of shares were sold by Black Stuart J on Thursday, May 5. 12,000 Public Service Enterprise Group Inc. (NYSE:PEG) shares with value of $557,090 were sold by Levis William. On Monday, May 2 the insider DiRisio Derek M sold $928,576.
More news for Public Service Enterprise Group Inc. (NYSE:PEG) were recently published by: Seekingalpha.com, which released: “Public Service Enterprise Group: Consistent Dividend” on October 17, 2016. Benzinga.com‘s article titled: “Public Service Enterprise Group Estimates and Rating Boosted By Goldman Sachs” and published on October 17, 2016 is yet another important article.
PEG Company Profile
Public Service Enterprise Group Incorporated (PSEG), incorporated on July 25, 1985, is an energy holding firm with activities located in the Northeastern and Mid- Atlantic United States. The Firm is engaged in the transmission and distribution of electricity and natural gas. The Company’s business consists of two divisions: Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power). The Company’s other direct subsidiaries are PSEG Energy Holdings L.L.C., which owns and manages a portfolio of lease investments; PSEG Long Island LLC, which operates the Long Island Power Authority’s (LIPA) transmission and distribution (T&D) system and PSEG Services Corporation (Services), which provides certain management, administrative and general services.
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