Media stories about Public Service Enterprise Group (NYSE:PEG) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public 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 0.20 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.9085600690827 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Morgan Stanley Increases Public Service Enterprise Group Incorporated (PEG) Price Target to $51.00 (americanbankingnews.com)
- Public Service Enterprise Group’s (PEG) “Neutral” Rating Reiterated at Citigroup Inc. (americanbankingnews.com)
- Critical Levels To Breach: Public Service Enterprise Group Incorporated (PEG), Medical Properties Trust, Inc. (MPW) – AllStockNews (allstocknews.com)
- 2 Hot Stocks To Watch: RPC, Inc. (RES), Public Service Enterprise Group Incorporated (PEG) – StockNewsMagazine (stocknewsmagazine.com)
- Public Service Enterprise Group (NYSE:PEG) Experiences Light Trading Volume – Modern Readers (modernreaders.com)
Public Service Enterprise Group (NYSE PEG) traded up 0.37% during midday trading on Thursday, hitting $45.61. The stock had a trading volume of 2,589,688 shares. The stock’s 50-day moving average is $43.82 and its 200-day moving average is $44.15. The company has a market cap of $23.07 billion, a P/E ratio of 51.25 and a beta of 0.38. Public Service Enterprise Group has a one year low of $39.28 and a one year high of $46.14.
Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Friday, July 28th. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Public Service Enterprise Group had a net margin of 4.88% and a return on equity of 11.46%. During the same quarter in the previous year, the company posted $0.57 EPS. Equities analysts predict 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, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, September 7th. Public Service Enterprise Group’s payout ratio is 193.26%.
PEG has been the topic of several research analyst reports. Mizuho initiated coverage on Public Service Enterprise Group in a research report on Wednesday, April 19th. They set a “neutral” rating and a $44.50 price target on the stock. Barclays PLC lifted their price target on Public Service Enterprise Group from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 25th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Public Service Enterprise Group in a research report on Wednesday, May 10th. BidaskClub cut Public Service Enterprise Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Public Service Enterprise Group in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Public Service Enterprise Group has an average rating of “Hold” and a consensus target price of $47.75.
In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 30,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $42.83, for a total transaction of $1,284,900.00. Following the completion of the sale, the chairman now owns 748,121 shares in the company, valued at approximately $32,042,022.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ralph A. Larossa sold 24,021 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $43.55, for a total transaction of $1,046,114.55. The disclosure for this sale can be found here. Insiders have sold a total of 77,421 shares of company stock valued at $3,389,397 in the last quarter. Corporate insiders own 0.61% of the company’s stock.
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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