Bank of America Issues an Upgrade on Public Service Enterprise (NYSE:PEG) Shares. What’s Next?

April 17, 2018 - By Kenneth Lin

Public Service Enterprise Group Incorporated (NYSE:PEG) Logo

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.03, from 1.06 in 2017Q3. It worsened, as 32 investors sold Public Service Enterprise Group Incorporated shares while 227 reduced holdings. 73 funds opened positions while 195 raised stakes. 332.49 million shares or 1.41% more from 327.87 million shares in 2017Q3 were reported.

Hanson And Doremus Invest Mgmt owns 5,345 shares. Hancock has invested 0.07% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Etrade Management Lc holds 50,815 shares or 0.08% of its portfolio. Gyroscope Cap Management Group Inc Ltd Liability Corporation holds 7,681 shares. Thrivent For Lutherans accumulated 1.36M shares. Idaho-based Buffington Mohr Mcneal has invested 0.75% in Public Service Enterprise Group Incorporated (NYSE:PEG). Factory Mutual owns 0.31% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 581,300 shares. Horizon Invests Llc reported 5,854 shares. Denver Invest Advisors Ltd Liability holds 61,966 shares or 0.16% of its portfolio. Moneta Group Inv Advsrs Ltd Com stated it has 0% in Public Service Enterprise Group Incorporated (NYSE:PEG). Blackrock holds 0.12% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG) for 48.42M shares. Huber Ltd Liability Company has invested 0.07% in Public Service Enterprise Group Incorporated (NYSE:PEG). Pggm Investments has invested 0.09% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Old Republic reported 0.99% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Wealthtrust invested in 0.01% or 345 shares.

Since October 26, 2017, it had 0 insider purchases, and 6 selling transactions for $6.15 million activity.

Public Service Enterprise (NYSE:PEG) Stock Upgrade

In analysts note sent to investors and clients on 16 April, Bank of America increased shares of Public Service Enterprise (NYSE:PEG) to a “Buy”. The previous rating for PEG was a “Neutral”.

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.03, from 1.06 in 2017Q3. It worsened, as 32 investors sold Public Service Enterprise Group Incorporated shares while 227 reduced holdings. 73 funds opened positions while 195 raised stakes. 332.49 million shares or 1.41% more from 327.87 million shares in 2017Q3 were reported.

Hanson And Doremus Invest Mgmt owns 5,345 shares. Hancock has invested 0.07% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Etrade Management Lc holds 50,815 shares or 0.08% of its portfolio. Gyroscope Cap Management Group Inc Ltd Liability Corporation holds 7,681 shares. Thrivent For Lutherans accumulated 1.36M shares. Idaho-based Buffington Mohr Mcneal has invested 0.75% in Public Service Enterprise Group Incorporated (NYSE:PEG). Factory Mutual owns 0.31% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 581,300 shares. Horizon Invests Llc reported 5,854 shares. Denver Invest Advisors Ltd Liability holds 61,966 shares or 0.16% of its portfolio. Moneta Group Inv Advsrs Ltd Com stated it has 0% in Public Service Enterprise Group Incorporated (NYSE:PEG). Blackrock holds 0.12% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG) for 48.42M shares. Huber Ltd Liability Company has invested 0.07% in Public Service Enterprise Group Incorporated (NYSE:PEG). Pggm Investments has invested 0.09% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Old Republic reported 0.99% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG). Wealthtrust invested in 0.01% or 345 shares.

Since October 26, 2017, it had 0 insider purchases, and 6 selling transactions for $6.15 million activity.

Public Service Enterprise Group Incorporated (NYSE:PEG) Ratings Coverage

Among 10 analysts covering Public Service Enterprise (NYSE:PEG), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Public Service Enterprise has $58 highest and $47.0 lowest target. $53.50’s average target is 5.36% above currents $50.78 stock price. Public Service Enterprise had 19 analyst reports since October 25, 2017 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Tuesday, April 10. Mizuho downgraded the stock to “Neutral” rating in Monday, February 5 report. The stock has “Hold” rating by Mizuho on Friday, March 2. Argus Research maintained the shares of PEG in report on Wednesday, October 25 with “Buy” rating. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) has “Outperform” rating given on Monday, February 26 by Wells Fargo. Morgan Stanley maintained Public Service Enterprise Group Incorporated (NYSE:PEG) on Wednesday, December 13 with “Overweight” rating. The company was maintained on Thursday, February 1 by RBC Capital Markets. The firm has “Overweight” rating by Morgan Stanley given on Thursday, March 8. The firm has “Overweight” rating given on Tuesday, February 13 by Morgan Stanley. Bank of America upgraded the shares of PEG in report on Monday, April 16 to “Buy” rating.

The stock increased 0.72% or $0.37 during the last trading session, reaching $50.78. About 503,153 shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has risen 10.24% since April 17, 2017 and is uptrending. It has underperformed by 1.31% the S&P500.

Analysts await Public Service Enterprise Group Incorporated (NYSE:PEG) to report earnings on April, 27. They expect $0.92 earnings per share, 0.00 % or $0.00 from last year’s $0.92 per share. PEG’s profit will be $464.33 million for 13.80 P/E if the $0.92 EPS becomes a reality. After $0.57 actual earnings per share reported by Public Service Enterprise Group Incorporated for the previous quarter, Wall Street now forecasts 61.40 % EPS growth.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy firm primarily in the Northeastern and Mid- Atlantic United States. The company has market cap of $25.63 billion. It operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of approximately 11,681 megawatts. It has a 16.38 P/E ratio. The firm sells electricity, natural gas, and other energy-related products.

Public Service Enterprise Group Incorporated (NYSE:PEG) Institutional Positions Chart

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