How Many Public Service Enterprise Group Incorporated (NYSE:PEG)’s Analysts Are Bearish?

January 18, 2018 - By Adrian Mccoy

 How Many Public Service Enterprise Group Incorporated (NYSE:PEG)'s Analysts Are Bearish?
Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.07, from 1.13 in 2017Q2. It dropped, as 39 investors sold Public Service Enterprise Group Incorporated shares while 210 reduced holdings. 63 funds opened positions while 200 raised stakes. 327.87 million shares or 0.17% less from 328.43 million shares in 2017Q2 were reported.
Court Place Advisors Ltd Llc has 1% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 48,335 shares. 75,588 are held by Btc Capital Mgmt Inc. 37,906 were reported by Schroder Investment Grp. Brandywine Glob Invest Mgmt Lc owns 444,196 shares. Pictet Asset Limited stated it has 0.36% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). 6,166 were reported by M&R Cap Mgmt. Delta Asset Ltd Liability Tn reported 0% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Moors Cabot Inc holds 0.03% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG) for 4,458 shares. Pnc Fincl Svcs Group holds 0.02% or 445,719 shares. 15,456 were accumulated by First Republic. 24,756 are owned by Wesbanco Commercial Bank. Beacon Cap Mngmt holds 0% or 607 shares in its portfolio. Meiji Yasuda Asset Limited reported 8,687 shares. Clearbridge Invs Limited Liability Com holds 0% or 9,104 shares. Cadence Comml Bank Na has 0.92% invested in Public Service Enterprise Group Incorporated (NYSE:PEG).

Since August 1, 2017, it had 0 buys, and 8 selling transactions for $11.01 million activity. 1,500 shares valued at $70,670 were sold by DiRisio Derek M on Wednesday, August 23.

Public Service Enterprise Group Incorporated (NYSE:PEG) Ratings Coverage

Among 15 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 10 have Buy rating, 2 Sell and 3 Hold. Therefore 67% are positive. Public Service Enterprise Group Incorporated had 46 analyst reports since September 11, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, March 14 report. On Monday, February 27 the stock rating was downgraded by Wells Fargo to “Market Perform”. JP Morgan maintained the shares of PEG in report on Thursday, October 12 with “Overweight” rating. On Wednesday, March 16 the stock rating was upgraded by UBS to “Buy”. The company was upgraded on Friday, August 11 by Mizuho. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) earned “Hold” rating by RBC Capital Markets on Sunday, October 8. The company was maintained on Thursday, August 10 by Morgan Stanley. The company was maintained on Wednesday, October 25 by Argus Research. The firm earned “Overweight” rating on Thursday, September 21 by Morgan Stanley. The rating was initiated by Citigroup on Friday, September 18 with “Neutral”. Below is a list of Public Service Enterprise Group Incorporated (NYSE:PEG) latest ratings and price target changes.

02/01/2018 Broker: Guggenheim Rating: Buy New Target: $58.0 Maintain
13/12/2017 Broker: Morgan Stanley Rating: Overweight Old Target: $56 New Target: $58 Maintain
20/11/2017 Broker: Mizuho Rating: Buy New Target: $52.5 Maintain
13/11/2017 Broker: Morgan Stanley Rating: Overweight Old Target: $52 New Target: $56 Maintain
05/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $49.0 Maintain
01/11/2017 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
25/10/2017 Broker: Argus Research Rating: Buy Old Target: $51 New Target: $56 Maintain
12/10/2017 Broker: JP Morgan Rating: Overweight Old Target: $49 New Target: $53 Maintain
11/10/2017 Broker: Jefferies Rating: Hold New Target: $46.5 Maintain
08/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $47.0 Maintain

The stock increased 1.45% or $0.72 during the last trading session, reaching $50.27. About 3.00M shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has declined 1.72% since January 18, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy firm primarily in the Northeastern and Mid- Atlantic United States. The company has market cap of $25.44 billion. It operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of approximately 11,681 megawatts. It has a 48.85 P/E ratio. The firm sells electricity, natural gas, and other energy-related products.

More recent Public Service Enterprise Group Incorporated (NYSE:PEG) news were published by: Nasdaq.com which released: “Public Service Enterprise Files for Rate Hike to Boost Sales” on January 15, 2018. Also Nasdaq.com published the news titled: “Public Service Enterprise Group (PEG) Shares Enter Oversold Territory” on January 04, 2018. Prnewswire.com‘s news article titled: “PSEG elects Barry Ostrowsky to board of directors” with publication date: December 22, 2017 was also an interesting one.

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