Public Service Enterprise Group (PEG) Receives Daily News Impact Score of 0.25

News headlines about Public Service Enterprise Group (NYSE:PEG) have trended somewhat positive recently, 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 -1 to 1, with scores nearest to one being the most favorable. Public Service Enterprise Group earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.8505492411793 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.57 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.72 annualized dividend and a dividend yield of 3.51%. Public Service Enterprise Group’s payout ratio is 193.26%.

A number of equities research analysts recently commented on the stock. J P Morgan Chase & Co lifted their price target 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. Jefferies Group LLC reaffirmed a “hold” rating and issued a $46.50 price target on shares of Public Service Enterprise Group in a report on Thursday. Evercore ISI raised shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $46.75 to $50.00 in a report on Monday, September 25th. BidaskClub cut shares of Public Service Enterprise Group from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Finally, Zacks Investment Research raised shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, July 4th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Public Service Enterprise Group has a consensus rating of “Buy” and an average price target of $49.79.

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In other news, Chairman Ralph Izzo sold 23,400 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.23, for a total transaction of $1,058,382.00. Following the sale, the chairman now directly owns 748,474 shares in the company, valued at approximately $33,853,479.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Derek M. Dirisio sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $47.11, for a total transaction of $70,665.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,733 shares of company stock worth $2,097,782 over the last 90 days. 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.

Insider Buying and Selling by Quarter for Public Service Enterprise Group (NYSE:PEG)

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