Somewhat Positive News Coverage Somewhat Unlikely to Impact Public Service Enterprise Group (PEG) Stock Price
Media coverage about Public Service Enterprise Group (NYSE:PEG) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.7001181928969 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts recently commented on PEG shares. Argus lifted their price objective on Public Service Enterprise Group from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Tuesday, October 10th. Guggenheim reiterated a “buy” rating and set a $58.00 target price on shares of Public Service Enterprise Group in a research report on Wednesday, January 3rd. Jefferies Group restated a “hold” rating and issued a $46.50 price objective on shares of Public Service Enterprise Group in a research report on Thursday, October 12th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $47.00 price objective on shares of Public Service Enterprise Group in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $51.32.
Shares of Public Service Enterprise Group (NYSE PEG) opened at $50.54 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.56 and a current ratio of 0.80. Public Service Enterprise Group has a 52 week low of $41.67 and a 52 week high of $53.28. The firm has a market capitalization of $25,909.19, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 4.84 and a beta of 0.41.
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 value of $112,527.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Ralph Izzo sold 60,793 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $49.70, for a total value of $3,021,412.10. Following the sale, the chairman now owns 748,778 shares of the company’s stock, valued at approximately $37,214,266.60. The disclosure for this sale can be found here. Insiders sold 137,644 shares of company stock valued at $6,957,657 in the last quarter. 0.61% of the stock is owned by company 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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