Public Service Enterprise Group (PEG) Earns Daily News Impact Rating of 0.16

Media headlines about Public Service Enterprise Group (NYSE:PEG) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. 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 0.16 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.7641989169612 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Public Service Enterprise Group (NYSE PEG) traded up $0.10 during midday trading on Friday, reaching $50.10. The company’s stock had a trading volume of 2,851,745 shares, compared to its average volume of 3,180,528. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 0.86. The firm has a market cap of $25,352.55, a P/E ratio of 48.64, a PEG ratio of 6.12 and a beta of 0.41. Public Service Enterprise Group has a 12-month low of $41.67 and a 12-month high of $53.28.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.62 billion. Public Service Enterprise Group had a return on equity of 11.33% and a net margin of 5.73%. Public Service Enterprise Group’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. research analysts forecast that Public Service Enterprise Group will post 2.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.72 annualized dividend and a yield of 3.43%. Public Service Enterprise Group’s payout ratio is presently 166.99%.

Several equities research analysts recently weighed in on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $46.50 price objective on shares of Public Service Enterprise Group in a report on Thursday, October 12th. Barclays raised shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $49.00 to $51.00 in a report on Friday, September 22nd. JPMorgan Chase & Co. upped their price target on shares of Public Service Enterprise Group from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Royal Bank of Canada reissued a “hold” rating and issued a $47.00 price target on shares of Public Service Enterprise Group in a report on Tuesday, October 10th. Finally, Evercore ISI raised shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $46.75 to $50.00 in a report on Monday, September 25th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.32.

In other Public Service Enterprise Group news, Chairman Ralph Izzo sold 60,793 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $49.70, for a total transaction of $3,021,412.10. Following the sale, the chairman now owns 748,778 shares in the company, valued at approximately $37,214,266.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Ralph A. Larossa sold 33,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $50.12, for a total value of $1,653,960.00. Following the sale, the chief operating officer now owns 81,241 shares in the company, valued at approximately $4,071,798.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,071 shares of company stock worth $7,275,472. Corporate insiders own 0.61% of the company’s stock.

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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.

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

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