Brokerages Set Public Service Enterprise Group Incorporated (NYSE:PEG) Price Target at $90.96

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) have received a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $90.9615.

A number of research analysts have commented on PEG shares. Jefferies Financial Group upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $89.00 to $90.00 in a research note on Thursday, November 6th. Barclays reduced their price target on shares of Public Service Enterprise Group from $87.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Argus raised Public Service Enterprise Group to a “strong-buy” rating in a report on Wednesday, January 14th. LADENBURG THALM/SH SH raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 target price on the stock in a report on Wednesday, January 7th. Finally, UBS Group decreased their target price on Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th.

Public Service Enterprise Group Trading Up 0.7%

Shares of PEG opened at $81.18 on Thursday. Public Service Enterprise Group has a one year low of $74.67 and a one year high of $91.25. The stock has a 50-day moving average price of $79.90 and a 200 day moving average price of $82.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.69 and a current ratio of 0.93. The company has a market capitalization of $40.52 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.60 and a beta of 0.59.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were paid a dividend of $0.63 per share. The ex-dividend date was Wednesday, December 10th. This represents a $2.52 annualized dividend and a yield of 3.1%. Public Service Enterprise Group’s payout ratio is presently 60.58%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PEG. National Pension Service raised its stake in Public Service Enterprise Group by 8.2% during the fourth quarter. National Pension Service now owns 713,516 shares of the utilities provider’s stock worth $57,295,000 after acquiring an additional 53,898 shares during the period. Inspire Trust Co. N.A. boosted its stake in Public Service Enterprise Group by 16.4% in the fourth quarter. Inspire Trust Co. N.A. now owns 27,000 shares of the utilities provider’s stock valued at $2,168,000 after acquiring an additional 3,800 shares during the period. Rothschild Investment LLC grew its holdings in shares of Public Service Enterprise Group by 20.0% during the fourth quarter. Rothschild Investment LLC now owns 1,207 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 201 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Public Service Enterprise Group during the 4th quarter worth approximately $726,000. Finally, CFS Investment Advisory Services LLC lifted its holdings in shares of Public Service Enterprise Group by 1.0% in the 4th quarter. CFS Investment Advisory Services LLC now owns 13,296 shares of the utilities provider’s stock worth $1,068,000 after purchasing an additional 138 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.