News articles about Public Service Enterprise Group (NYSE:PEG) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Public Service Enterprise Group earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.8121271142353 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
Several analysts have commented on PEG shares. Wells Fargo reiterated an “outperform” rating and set a $56.00 target price (down from $59.00) on shares of Public Service Enterprise Group in a research note on Monday, February 26th. Guggenheim reaffirmed a “buy” rating and issued a $56.00 target price on shares of Public Service Enterprise Group in a report on Friday, February 23rd. Zacks Investment Research cut Public Service Enterprise Group from a “buy” rating to a “hold” rating in a report on Monday, February 19th. Morgan Stanley decreased their price target on Public Service Enterprise Group from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, February 13th. Finally, Mizuho lowered Public Service Enterprise Group from a “buy” rating to a “neutral” rating in a research report on Monday, February 5th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $51.23.
Shares of PEG opened at $50.10 on Friday. Public Service Enterprise Group has a 1-year low of $41.67 and a 1-year high of $53.28. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.59 and a current ratio of 0.79. The firm has a market cap of $25,288.73, a PE ratio of 17.10, a P/E/G ratio of 4.09 and a beta of 0.39.
Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Friday, February 23rd. The utilities provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.36 billion. Public Service Enterprise Group had a net margin of 17.33% and a return on equity of 11.25%. During the same period in the prior year, the company earned $0.54 earnings per share. sell-side analysts anticipate that Public Service Enterprise Group will post 3.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 8th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.43. Public Service Enterprise Group’s dividend payout ratio is 61.43%.
In related news, CEO Ralph Izzo sold 20,833 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $51.00, for a total transaction of $1,062,483.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 62,499 shares of company stock valued at $3,109,534. Insiders own 0.58% of the company’s stock.
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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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