Economy

Quarterly Financial Update for Public Service Enterprise Group Incorporated (NYSE:PEG)

The institutional investor owned 177,841 shares of the utilities provider's stock after buying an additional 29,344 shares during the period. Goldman Sachs upgraded Public Service Enterprise Group Inc. (NYSE:PEG). Ibm Retirement Fund holds 12,419 shares. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Hudock Capital Group LLC raised its holdings in Public Service Enterprise Group by 38.8% during the second quarter. The stock tapped a 52-week high of US$81.63 while the mean 12-month price target for the shares is US$79.27. Vantage Investment Advisors LLC now owns 2,685 shares of the utilities provider's stock worth $115,000 after purchasing an additional 700 shares in the last quarter. 0 of the trades during the past quarter were buys, and 3 or 100% were sells. Kistler Tiffany Companies LLC now owns 2,684 shares of the utilities provider's stock worth $119,000 after purchasing an additional 99 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Public Service Enterprise Group by 3.4% in the first quarter. Parallel Advisors LLC now owns 2,615 shares of the utilities provider's stock worth $114,000 after purchasing an additional 20 shares in the last quarter. However, the institutional investors are observed to own 69.10% of the total shares. PEG has been the subject of several recent research reports. Zacks Investment Research raised Public Service Enterprise Group from a "hold" rating to a "buy" rating and set a $49.00 price objective for the company in a research note on Tuesday, January 10th. Equities research analysts anticipate that Public Service Enterprise Group will post $2.92 EPS for the current year.

FT reports, The one analyst offering a 12 month price target expects Petards Group plc share price to rise to 42.00 in the next year from the last price of 24.50. The rating was maintained by Morgan Stanley on Thursday, August 10 with "Equal-Weight". The stock presently has an average rating of "Buy" and an average target price of $48.46. Costco Wholesale Corporation has 9 buy ratings, 10 holds and 0 sells even after the stock tumbled -11.62% from its high of $183.18 to a $70.85 billion market value through last close.

More news for McCormick & Company, Incorporated (NYSE:MKC) were recently published by: Prnewswire.com, which released: "McCormick & Company's 2017 Third Quarter Results Conference Call to be ..." on September 15, 2017. The Mean Recommendation is the average rating on a stock by the analyst community. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Alternatively an RSI nearing 30 indicates that the stock could be getting oversold and might be considered undervalued. Following the completion of the sale, the chairman now owns 748,121 shares in the company, valued at approximately $32,042,022.43. The disclosure for this sale can be found here. (NYSE:PEG). Hl Services Ltd Limited Liability Company holds 0.01% in Public Service Enterprise Group Inc.

COPYRIGHT VIOLATION WARNING: This article was posted by Equities Focus and is the sole property of of Equities Focus. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & worldwide trademark and copyright legislation.

Yesterday Public Service (NYSE:PEG) traded 2.43% higher at $45.23.

Sumitomo Life Insurance Company increased its stake in Public Svc Enterprise Group Com (PEG) by 90.04% based on its latest 2017Q2 regulatory filing with the SEC. (NYSE:PEG) has "Hold" rating given on Sunday, July 23 by RBC Capital Markets. The firm has a 50 day moving average price of $46.22 and a 200-day moving average price of $44.64. The utilities provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05.

The High Revenue estimate is predicted as 2.75 Million, while the Low Revenue Estimate prediction stands at 2.33 Million. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. While in the same Quarter Previous year, the Actual EPS was $0.88. Morgan Stanley maintained the shares of PEG in report on Friday, September 8 with "Equal-Weight" rating. This represents a $1.72 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Wednesday, June 7th. Public Service Enterprise Group Inc.

According to Zacks, "Public Service Enterprise's consistent capital-investment plans backed by a stable liquidity position have the potential to boost its performance". The Firm is an energy firm with activities located primarily in the Northeastern and Mid-Atlantic United States. The Company's divisions include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.



Like this

loading...
loading...

Latest


23 September 2017
Todd Gurley continues stellar season with 3 touchdowns vs. 49ers
This isn't last year's Rams . "Still need to clean some things up", Donald said. "We started pretty slow on defense, too". We tried to call a game and put a game plan together that gave us a chance to win the game at the end.

23 September 2017
Colorado police: 1 student shot near high school
According to Black there was a confrontation between some people in a vehicle and three students before the shooting. Police say a school resource officer was first with the student who was shot while officers headed to the area.

23 September 2017
Pep Guardiola: 'EFL Cup wastes energy'
Pep Guardiola recaps his team's convincing 6-0 win over Watford, and how he loves watching good football like any spectator. Manchester City and Manchester United are now looking down at the rest of the league, both on 13 points and still unbeaten.

23 September 2017
Allison Transmission Holdings Inc (ALSN) Stake Increased by Federated Investors Inc. PA
The institutional investor owned 120,879 shares of the auto parts company's stock after selling 11,887 shares during the period. Acrospire Investment Management LLC increased its position in Allison Transmission Holdings by 13.3% in the third quarter.

23 September 2017
Juno Therapeutics, Inc. (NASDAQ:JUNO) Sees Volume Pop in Session
JUNO is now overvalued by 16.42% relative to the average 1-year price target of $35.75 taken from a group of Wall Street Analysts. The Manufacturers Life Insurance Company increased its holdings in Juno Therapeutics by 7.2% in the second quarter.

23 September 2017
Trading Scope: Following the Signals on Shares of 58.com Inc (WUBA)
Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Many traders will use a combination of moving averages with different time frames to help review stock trend direction.

23 September 2017
3.3 magnitude quake strikes southwest of Ferndale
The National Weather Service National Tsunami Warning Center has issued a statement that a tsunami is not expected. The quake's epicenter was 50 miles southwest of Ferndale, with a depth of 9.5 miles, according to the USGS.

23 September 2017
'Price is Right' contestants win historic $80K at 'The Wheel'
Carey said. "That's a pretty good way to start the season". "It's going to be our biggest viral moment ever". Friday, after an unbelievable five $1 spins on the Wheel, a total of $80,000 was awarded.

23 September 2017
Inbound tourism surges to record level during month of July
Spending by visitors during this period hit a record £13.3 billion, up 9% on the same period a year ago . Tourism is worth approximately £127bn annually to the United Kingdom economy.

23 September 2017
Choosing Between Sally Beauty Holdings, Inc. (SBH) and Ulta Beauty, Inc. (ULTA)
This buyback authorization authorizes the specialty retailer to reacquire up to 40.7% of its shares through open market purchases. To do this, analysts often study the speed and magnitude of a stock's price movements with what are known as momentum indicators.