Public Service Enterprise Group Inc. Is a Sell; Strong Momentum from Option Traders

 Public Service Enterprise Group Inc. Is a Sell; Strong Momentum from Option Traders

In today’s session Public Service Enterprise Group Inc. (PEG) recorded an unusually high (568) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious PEG decrease. With 568 contracts traded and 3364 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: PEG170120P00040000 closed last at: $0.95 or 17.4% down. About 508,756 shares traded hands. Public Service Enterprise Group Inc. (NYSE:PEG) has declined 5.85% since April 26, 2016 and is downtrending. It has underperformed by 11.11% the S&P500.

Analysts await Public Service Enterprise Group Inc. (NYSE:PEG) to report earnings on February, 17. They expect $0.49 EPS, down 2.00% or $0.01 from last year’s $0.5 per share. PEG’s profit will be $255.94M for 21.94 P/E if the $0.49 EPS becomes a reality. After $0.88 actual EPS 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. Argus Research maintained Public Service Enterprise Group Inc. (NYSE:PEG) on Thursday, February 25 with “Buy” rating. The stock has “Buy” rating given by UBS on Wednesday, March 16. The firm has “Neutral” rating by Citigroup given on Friday, September 18. On Monday, March 14 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The company was maintained on Monday, January 11 by Argus Research. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, October 5. Barclays Capital maintained the shares of PEG in a report on Thursday, September 22 with “Equal-Weight” rating. As per Monday, October 17, the company rating was upgraded by Goldman Sachs. The firm earned “Neutral” rating on Friday, September 11 by JP Morgan. Morgan Stanley upgraded the shares of PEG in a report on Wednesday, July 13 to “Equal-Weight” rating.

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 2016 Q2. Its down 0.09, from 1.07 in 2016Q1. The ratio is negative, 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.
Moreover, Northstar Group Inc has 0.75% invested in Public Service Enterprise Group Inc. (NYSE:PEG) for 21,659 shares. Glg Ltd Liability has invested 0.09% of its portfolio in Public Service Enterprise Group Inc. (NYSE:PEG). Estabrook Capital Mgmt last reported 1,208 shares in the company. Meeder Asset has 46,698 shares for 0.2% of their US portfolio. Cs Mckee Limited Partnership reported 941,054 shares or 1.87% of all its holdings. Hgk Asset holds 2.22% of its portfolio in Public Service Enterprise Group Inc. (NYSE:PEG) for 318,654 shares. Moreover, Investors Advisory has 0.05% invested in Public Service Enterprise Group Inc. (NYSE:PEG) for 5,442 shares. Murphy Cap, a New Jersey-based fund reported 41,105 shares. Sg Americas Limited Liability Company accumulated 0.02% or 69,611 shares. Dreman Value Mngmt L L C holds 0.6% of its portfolio in Public Service Enterprise Group Inc. (NYSE:PEG) for 20,934 shares. 1St Global Advisors Inc holds 0.03% or 5,112 shares in its portfolio. Brookstone Capital holds 5,636 shares or 0.03% of its portfolio. The Switzerland-based Swiss State Bank has invested 0.11% in Public Service Enterprise Group Inc. (NYSE:PEG). Beacon Tru accumulated 8,707 shares or 0.07% of the stock. Atlantic Group Limited Liability accumulated 34,559 shares or 0.01% of the stock.

Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 7 selling transactions for $8.59 million net activity. Another trade for 38,187 shares valued at $1.63M was sold by IZZO RALPH. Levis William had sold 7,500 shares worth $327,968.

Public Service Enterprise Group Incorporated is an energy holding firm with activities located in the Northeastern and Mid- Atlantic United States. The company has a market cap of $22.46 billion. The Firm is engaged in the transmission and distribution of electricity and natural gas. It has a 16.87 P/E ratio. The Company’s business consists of two divisions, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power).

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.

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.

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