News coverage about Public Service Enterprise Group (NYSE:PEG) has trended somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Public Service Enterprise Group earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.8271370386343 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
Public Service Enterprise Group (NYSE:PEG) traded down $0.21 on Tuesday, hitting $52.68. The stock had a trading volume of 4,876,357 shares, compared to its average volume of 2,801,660. Public Service Enterprise Group has a 12-month low of $41.14 and a 12-month high of $53.28. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. The stock has a market cap of $26,680.00, a price-to-earnings ratio of 18.30, a PEG ratio of 6.63 and a beta of 0.41.
Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Public Service Enterprise Group had a return on equity of 11.33% and a net margin of 5.73%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm posted $0.88 EPS. Public Service Enterprise Group’s quarterly revenue was down 7.6% compared to the same quarter last year. equities analysts anticipate that Public Service Enterprise Group will post 2.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Thursday, December 7th. Public Service Enterprise Group’s dividend payout ratio (DPR) is 168.63%.
PEG has been the topic of several recent analyst reports. Jefferies Group restated a “hold” rating and issued a $46.50 target price on shares of Public Service Enterprise Group in a report on Thursday, October 12th. Barclays upgraded shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $49.00 to $51.00 in a report on Friday, September 22nd. Morgan Stanley raised their target price on shares of Public Service Enterprise Group from $50.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Royal Bank Of Canada restated a “hold” rating and issued a $47.00 target price on shares of Public Service Enterprise Group in a report on Tuesday, October 10th. Finally, J P Morgan Chase & Co raised their target price on shares of Public Service Enterprise Group from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.42.
In related news, insider Derek M. Dirisio sold 2,185 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $51.50, for a total transaction of $112,527.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Ralph Izzo sold 20,833 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $46.50, for a total value of $968,734.50. The disclosure for this sale can be found here. In the last three months, insiders sold 263,951 shares of company stock valued at $13,045,041. 0.61% of the stock is owned by insiders.
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Public Service Enterprise Group Company Profile
Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.
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