Economy

Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated”

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) have been given an average recommendation of "Buy" by the fifteen brokerages that are covering the company, MarketBeat.com reports. Amp Cap Investors owns 0.42% invested in Hilton Worldwide Holdings Inc (NYSE:HLT) for 2.55 million shares. BNP Paribas Arbitrage SA raised its holdings in Public Service Enterprise Group by 179.3% during the second quarter.

A number of other hedge funds also recently modified their holdings of the stock.

Energy Income Partners Llc increased its stake in Public Svc Enterprise Group (PEG) by 15.62% based on its latest 2016Q4 regulatory filing with the SEC. The stock's quarterly performance specifies a shift of 3.40%, and its last twelve month performance is stands at 9.23% while moved 3.13% for the past six months. BT Investment Management Ltd owned 0.39% of Public Service Enterprise Group at the end of the most recent quarter. Premier Asset Management LLC lifted its position in shares of Public Service Enterprise Group by 0.6% during the second quarter. FCG Advisors LLC now owns 12,005 shares of the utilities provider's stock worth $516,000 after purchasing an additional 52 shares in the last quarter. The stock increased 0.40% or $0.26 on September 1, reaching $64.59.

The good news is there's still room for Public Service Enterprise Group Incorporated (PEG) to grow. The ratio improved, as 279 hedge funds increased or opened new stock positions, while 262 decreased and sold their stock positions in Public Service Enterprise Group Inc. Public Service Enterprise Group Incorporated has a 1-year low of $39.28 and a 1-year high of $47.47. For the same quarter last year, firm reported $0.57 Earnings Per Share. on consensus, Brokerage firms predict that Public Service Enterprise Group to post $2.92 EPS for the present financial year. PEG has a net profit margin of 4.90% and is less profitable than the average company in the Diversified Utilities industry. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period past year, the business earned $0.57 earnings per share. On average, equities analysts anticipate that Public Service Enterprise Group Incorporated will post $2.92 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Citigroup initiated the shares of PEG in report on Friday, September 18 with "Neutral" rating. As per Thursday, September 22, the company rating was maintained by Barclays Capital. Levis William also sold $1.33M worth of Public Service Enterprise Group Inc. Hgk Asset Management Inc, a New Jersey-based fund reported 320,191 shares.#img1#. (NYSE:PEG) to Strong Sell in a report released on 6/24/2017.

03/07/2017 - Public Service Enterprise Group Incorporated had its "buy" rating reiterated by analysts at UBS. Royal Bank Of Canada reaffirmed an "outperform" recommendation on stocks of Public Service Enterprise Group in a study report on early Wed, May 10th. Zacks Investment Research upgraded shares of Public Service Enterprise Group from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research note on Tuesday, July 4th. Bank of America downgraded the shares of PEG in report on Tuesday, June 7 to "Underperform" rating. (NYSE:PEG) on Thursday, August 10 with "Equal-Weight" rating.

06/26/2017 - Public Service Enterprise Group Incorporated had its "buy" rating reiterated by analysts at Goldman Sachs.

Among 23 analysts covering Incyte (NASDAQ:INCY), 20 have Buy rating, 0 Sell and 3 Hold.

TRADEMARK VIOLATION WARNING: This piece was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of United States and global copyright and trademark laws. The original version of this piece can be viewed at https://baseballnewssource.com/markets/fiduciary-trust-co-raises-position-in-public-service-enterprise-group-incorporated-peg/1605232.html.

In other news, insider Derek M. Dirisio sold 1,500 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total value of $70,665.00. (NYSE:PEG) shares were sold by IZZO RALPH. $18.20's average target is -10.39% below currents $20.31 stock price. Vanguard Group has an ownership of 35,042,083 stocks of the utilities provider's shares valued $1,554,116,000 following acquiring an extra 1,144,077 shares through out the previous quarter, Lastly, Caisse DE Depot ET Placement DU Quebec upgraded its position in Public Service Enterprise Group by 133.1% in the Q1. The disclosure for this sale can be found here. In the last three months, insiders sold 54,900 shares of company stock valued at $2,413,947. Public Service Enterprise Group Incorporated (PEG) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume. The corporation is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. the firms segments include Public Service Electric and Gas Company (PSE&G), PSEG Power (Power) and Other.



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