Public Service Enterprise Group Incorporated (PEG) : 7 analysts are covering Public Service Enterprise Group Incorporated (PEG) and their average rating on the stock is 2.71, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Public Service Enterprise Group Incorporated (PEG) : The consensus price target for Public Service Enterprise Group Incorporated (PEG) is $45.64 for the short term with a standard deviation of $3.73. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $40.
Company shares have received an average consensus rating of Hold for the current week Public Service Enterprise Group Incorporated (NYSE:PEG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.79 and $43.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.92, notching a gain of 0.30% for the day. The total traded volume was 2,770,673 . The stock had closed at $43.79 on the previous day.
In a related news,The director officer (Chairman, President and CEO) of Public Service Enterprise Group Inc, Izzo Ralph sold 43,564 shares at $45.76 on August 1, 2016. The Insider selling transaction had a total value worth of $1,993,489. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Public Service Enterprise Group Incorporated (PSEG) is an energy holding company engaged in the transmission of electricity and distribution of electricity and natural gas. Its operations are located in the Northeastern and Mid- Atlantic United States. It conducts its business through two direct wholly owned subsidiaries: PSEG Power LLC (Power) and Public Service Electric and Gas Company (PSE&G). The Companys other direct wholly owned 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 Authoritys (LIPA) transmission and distribution system under a contractual agreement, and PSEG Services Corporation, which provides certain management, administrative and general services to PSEG and its subsidiaries.