Exclusive: Is Public Service Enterprise Group Inc. a Buy? The Stock Rises Again

Exclusive: Is Public Service Enterprise Group Inc. a Buy? The Stock Rises Again

The stock of Public Service Enterprise Group Inc. (NYSE:PEG) is a huge mover today! About 472,480 shares traded hands. Public Service Enterprise Group Inc. (NYSE:PEG) has declined 8.38% since April 25, 2016 and is downtrending. It has underperformed by 14.39% the S&P500.
The move comes after 6 months positive chart setup for the $21.87 billion company. It was reported on Nov, 28 by Barchart.com. We have $43.76 PT which if reached, will make NYSE:PEG worth $656.10M more.

Analysts await Public Service Enterprise Group Inc. (NYSE:PEG) to report earnings on February, 17. They expect $0.49 earnings per share, down 2.00% or $0.01 from last year’s $0.5 per share. PEG’s profit will be $252.21 million for 21.68 P/E if the $0.49 EPS becomes a reality. After $0.88 actual earnings per share reported by Public Service Enterprise Group Inc. for the previous quarter, Wall Street now forecasts -44.32% negative 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. The rating was maintained by Argus Research with “Buy” on Monday, January 11. The stock of Public Service Enterprise Group Inc. (NYSE:PEG) earned “Underperform” rating by Wolfe Research on Tuesday, October 20. Bank of America downgraded Public Service Enterprise Group Inc. (NYSE:PEG) on Tuesday, June 7 to “Underperform” rating. The stock of Public Service Enterprise Group Inc. (NYSE:PEG) has “Buy” rating given on Monday, October 17 by Goldman Sachs. As per Wednesday, July 13, the company rating was upgraded by Morgan Stanley. The stock of Public Service Enterprise Group Inc. (NYSE:PEG) has “Buy” rating given on Thursday, February 25 by Argus Research. The company was maintained on Monday, March 14 by Barclays Capital. The firm has “Sector Perform” rating given on Tuesday, February 23 by RBC Capital Markets. As per Friday, September 11, the company rating was initiated by JP Morgan. On Thursday, September 22 the stock rating was maintained by Barclays Capital with “Equal-Weight”.

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 0.98 in Q2 2016. Its down 0.09, from 1.07 in 2016Q1. The ratio worsened, 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.
Cantab Capital Ptnrs Llp has invested 0% of its portfolio in Public Service Enterprise Group Inc. (NYSE:PEG). Louisiana State Employees Retirement Systems owns 33,200 shares or 0.08% of their US portfolio. Voya Inv Management Lc last reported 0.04% of its portfolio in the stock. Registered Invest Advisor accumulated 10,200 shares or 0.22% of the stock. Suntrust Banks Incorporated, a Georgia-based fund reported 55,252 shares. Premier Asset Managment Limited Liability Com last reported 0.21% of its portfolio in the stock. Amf Pensionsforsakring Ab last reported 70,500 shares in the company. Wedge Capital Management L Lp Nc reported 444,080 shares or 0.17% of all its holdings. Jane Street Ltd Co has invested 0% of its portfolio in Public Service Enterprise Group Inc. (NYSE:PEG). Cs Mckee Limited Partnership holds 1.87% of its portfolio in Public Service Enterprise Group Inc. (NYSE:PEG) for 941,054 shares. Sumitomo Life, a Japan-based fund reported 24,580 shares. Shufro Rose & Communication Ltd Liability Co last reported 0.1% of its portfolio in the stock. Pnc Svcs Inc last reported 484,217 shares in the company. Capstone Limited Company accumulated 127,847 shares or 0.11% of the stock. Rench Wealth accumulated 18,740 shares or 0.71% of the stock.

Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 7 sales for $8.59 million net activity. Another trade for 43,564 shares valued at $1.99 million was made by IZZO RALPH on Monday, August 1. Levis William sold $327,968 worth of stock.

More recent Public Service Enterprise Group Inc. (NYSE:PEG) news were published by: Forbes.com which released: “January 2017 Options Now Available For Public Service Enterprise Group (PEG)” on November 21, 2016. Also Nasdaq.com published the news titled: “Public Service Enterprise Group Inc Bottom Line Climbs 10% In Q3” on October 31, 2016. Prnewswire.com‘s news article titled: “PSEG Solar Source Acquires 16.8 MW Solar Project from Ecoplexus” with publication date: November 04, 2016 was also an interesting one.

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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