The stock of Public Service Enterprise Group Inc. (NYSE:PEG) is a huge mover today! About 895,565 shares traded hands. Public Service Enterprise Group Inc. (NYSE:PEG) has declined 9.70% since March 9, 2016 and is downtrending. It has underperformed by 17.11% the S&P500.
The move comes after 7 months positive chart setup for the $20.46 billion company. It was reported on Oct, 12 by Barchart.com. We have $61.07 PT which if reached, will make NYSE:PEG worth $10.23B more.
Analysts await Public Service Enterprise Group Inc. (NYSE:PEG) to report earnings on November, 4. They expect $0.86 EPS, up 7.50% or $0.06 from last year’s $0.8 per share. PEG’s profit will be $432.22M for 11.83 P/E if the $0.86 EPS becomes a reality. After $0.57 actual EPS reported by Public Service Enterprise Group Inc. for the previous quarter, Wall Street now forecasts 50.88% EPS growth.
Public Service Enterprise Group Inc. (NYSE:PEG) Ratings Coverage
Out of 11 analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG), 2 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 18% are positive. Public Service Enterprise Group Incorporated has been the topic of 17 analyst reports since September 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Public Service Enterprise Group Inc. (NYSE:PEG) rating on Tuesday, February 23. RBC Capital Markets has “Sector Perform” rating and $44 price target. Citigroup initiated the shares of PEG in a report on Friday, September 18 with “Neutral” rating. The stock of Public Service Enterprise Group Inc. (NYSE:PEG) earned “Buy” rating by UBS on Wednesday, March 16. The company was upgraded on Wednesday, July 13 by Morgan Stanley. As per Tuesday, October 20, the company rating was downgraded by Wolfe Research. On Thursday, February 25 the stock rating was maintained by Argus Research with “Buy”. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, September 22. The firm has “Buy” rating given on Monday, January 11 by Argus Research. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 5. Bank of America downgraded the stock to “Underperform” rating in Tuesday, June 7 report.
According to Zacks Investment Research, “Public Service Entertainment Group has been an active participant in the ongoing policy debate on how the energy industry can best contribute to achieving the nation’s environmental objectives. PSEG has advocated independently, and through a coalition of companies known as the Clean Energy Group, for the industry to make further reductions in air pollutants traditionally associated with the production of electricity and to begin mandatory carbon dioxide reductions. PSEG has been actively engaged in the climate change policy debate for more than a decade.”
Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.12, from 1.19 in 2016Q1. The ratio is negative, as 49 funds sold all Public Service Enterprise Group Inc. shares owned while 211 reduced positions. 61 funds bought stakes while 218 increased positions. They now own 326.15 million shares or 3.52% less from 338.06 million shares in 2016Q1.
Moreover, Hartford Financial Mgmt has 0.07% invested in Public Service Enterprise Group Inc. (NYSE:PEG) for 2,500 shares. Advisory Service Ntwk Ltd Limited Liability Company holds 19,747 shares or 0.21% of its portfolio. Old National Bank In, a Indiana-based fund reported 38,553 shares. Westpac Banking Corp has invested 0% of its portfolio in Public Service Enterprise Group Inc. (NYSE:PEG). Quantbot Tech L P reported 6,888 shares or 0.03% of all its holdings. Blair William Co Il, a Illinois-based fund reported 8,673 shares. Grantham Mayo Van Otterloo & Limited Com accumulated 519,381 shares or 0.1% of the stock. Ruggie Capital accumulated 376 shares or 0.02% of the stock. Deere Company owns 22,763 shares or 0.06% of their US portfolio. Amica Pension Fund Board Of Trustees accumulated 0.2% or 32,361 shares. Mizuho Asset Mgmt Coltd holds 0.05% or 6,486 shares in its portfolio. Schroder Inv Mngmt Grp Inc has 0.03% invested in the company for 346,268 shares. Da Davidson And Company has 8,698 shares for 0.01% of their US portfolio. Credit Suisse Ag holds 0.04% of its portfolio in Public Service Enterprise Group Inc. (NYSE:PEG) for 716,648 shares. Princeton Alpha Mgmt Ltd Partnership holds 0.21% or 24,843 shares in its portfolio.
Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 11 insider sales for $11.12 million net activity. The insider IZZO RALPH sold $477,710. Shares for $928,576 were sold by DiRisio Derek M on Monday, May 2. Levis William sold $557,090 worth of stock. Black Stuart J had sold 2,500 shares worth $116,617.
PEG Company Profile
Public Service Enterprise Group Incorporated (PSEG), incorporated on July 25, 1985, is an energy holding firm with activities located in the Northeastern and Mid- Atlantic United States. The Firm is engaged in the transmission and distribution of electricity and natural gas. The Company’s business consists of two divisions: Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power). The Company’s other direct subsidiaries are PSEG Energy Holdings L.L.C., which owns and manages a portfolio of lease investments; PSEG Long Island LLC, which operates the Long Island Power Authority’s (LIPA) transmission and distribution (T&D) system and PSEG Services Corporation (Services), which provides certain management, administrative and general services.
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