Economy

Stock Valuation Recap for Public Service Enterprise Group Incorporated (NYSE:PEG)

The fund owned 1,092,620 shares of the utilities provider's stock after selling 378,357 shares during the quarter. Royal Bank of Canada owned approximately 0.22% of Public Service Enterprise Group worth $46,995,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Public Service Enterprise Group by 17.5% in the first quarter. Hudock Capital Group LLC now owns 2,629 shares of the utilities provider's stock valued at $113,000 after purchasing an additional 735 shares in the last quarter. PEG traded on a high for the day of 47.46 with a corresponding low of 46.73.The day's high marked a slight increase on the previous day's close which saw PEG finish the day's trading at 46.73. The Princeton Capital Management Inc holds 92,428 shares with $3.12M value, down from 111,875 last quarter. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 3332 shares to its existing stake, bringing total stake held in PEG to 187898 shares. (NYSE:PEG) shares. Shares for $1.36M were sold by IZZO RALPH on Thursday, June 1. Moreover, State Of Tennessee Treasury Department has 0.04% invested in Public Service Enterprise Group Inc. Following the sale, the chief operating officer now owns 133,904 shares of the company's stock, valued at $5,945,337.60. Mascoma Wealth Management LLC acquired a new position in Public Service Enterprise Group during the fourth quarter valued at $110,000. Institutional investors own 65.88% of the company's stock.

Several brokerages have commented on PEG. The RSI for Public Service Enterprise Group Incorporated (NYSE:PEG) now stands at 65.26.

Several research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on Public Service Enterprise Group from $51.00 to $53.00 and gave the company an "equal weight" rating in a research report on Friday, September 8th. Tudor Investment Corp ET AL increased its holdings in Public Service Enterprise Group by 101.0% in the second quarter. On Tuesday, September 5 the stock rating was maintained by Jefferies with "Hold". Over the 52-week time span, the stock notched a high price of $47.47 and its minimum price was $39.28.

Public Service Enterprise Group Incorporated (PEG) traded down 0.011% on Friday, hitting $47.445.

This company shares (PLD) so far managed to recover 40.58% since collapsing to its 52-week low. The share price has already crossed its 20 days moving average, floating at a distance of 0.63% and sits 2.98% higher versus its 50 days moving average.

The 14-day ADX for Public Service Enterprise Group Inc (PEG) is now 14.60.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.05. The company has a market cap of $21.64 billion, a price-to-earnings ratio of 41.13 and a beta of 0.33.

03/10/2017 - Public Service Enterprise Group Incorporated had its "sector perform" rating reiterated by analysts at RBC Capital. On average, equities analysts anticipate that Public Service Enterprise Group Inc. will post $2.90 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, June 9th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.02%. The company was maintained on Thursday, September 22 by Barclays Capital. Public Service Enterprise Group's dividend payout ratio is now 193.26%.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Friday, July 28th. If you are viewing this story on another site, it was illegally stolen and republished in violation of worldwide copyright & trademark laws.

09/20/2016 - Public Service Enterprise Group Incorporated had its "buy" rating reiterated by analysts at Argus. The stock was sold at an average price of $43.86, for a total transaction of $87,720.00. (NYSE:PEG). Jfs Wealth accumulated 414 shares or 0% of the stock. The firm's 50 day moving average is $46.44 and its 200 day moving average is $44.79. They were forecasting US$0.89 per share three months ago.

Public Service Enterprise Group Incorporated (PSEG) is a holding company.

Public Service Enterprise Group Incorporated (PSEG) is a holding company.



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