Media coverage about Public Service Enterprise Group (NYSE:PEG) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Public Service Enterprise Group earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.1330918766234 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
Several analysts have issued reports on the company. Wells Fargo reaffirmed an “outperform” rating and issued a $56.00 target price (down previously from $59.00) on shares of Public Service Enterprise Group in a research note on Monday, February 26th. Guggenheim reissued a “buy” rating and set a $56.00 price objective on shares of Public Service Enterprise Group in a research note on Friday, February 23rd. Zacks Investment Research lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Monday, February 19th. Morgan Stanley dropped their price objective on Public Service Enterprise Group from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, February 13th. Finally, Mizuho lowered Public Service Enterprise Group from a “buy” rating to a “neutral” rating in a research note on Monday, February 5th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $51.23.
PEG stock traded up $0.21 on Monday, reaching $50.31. The company’s stock had a trading volume of 2,338,296 shares, compared to its average volume of 3,461,992. Public Service Enterprise Group has a 12-month low of $41.67 and a 12-month high of $53.28. The firm has a market capitalization of $25,288.71, a price-to-earnings ratio of 17.17, a PEG ratio of 4.09 and a beta of 0.39. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.
Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Friday, February 23rd. The utilities provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Public Service Enterprise Group had a return on equity of 11.25% and a net margin of 17.33%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm posted $0.54 earnings per share. equities research analysts anticipate that Public Service Enterprise Group will post 3.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 8th were paid a $0.45 dividend. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 3.58%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 61.43%.
In related news, Chairman Ralph Izzo sold 20,833 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $48.36, for a total value of $1,007,483.88. Following the completion of the sale, the chairman now owns 652,180 shares of the company’s stock, valued at $31,539,424.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 62,499 shares of company stock valued at $3,109,534 in the last ninety days. 0.58% of the stock is currently owned by insiders.
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About Public Service Enterprise Group
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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