In a report released on May 7, Shelby Tucker from RBC Capital maintained a Buy rating on Public Service Enterprise (PEG – Research Report), with a price target of $80.00. The company’s shares closed yesterday at $74.01.
According to TipRanks, Tucker is a top 100 analyst with an average return of 10.5% and a 73.02% success rate. Tucker covers the Utilities sector, focusing on stocks such as PPL, Atlantica Yield, and American Water.
In addition to RBC Capital, Public Service Enterprise also received a Buy from Morgan Stanley’s David Arcaro in a report issued on April 23. However, on May 1, KeyBanc maintained a Hold rating on Public Service Enterprise (NYSE: PEG).
Based on Public Service Enterprise’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.46 billion and a net profit of $401 million. In comparison, last year the company earned a revenue of $2.27 billion and had a net profit of $399 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEG in relation to earlier this year.
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Public Service Enterprise (PEG) Company Description:
Public Service Enterprise Group Incorporated is a diversified energy company. The company engages in the generation, transmission, and distributions of electricity and gas to residential, commercial, and industrial customers in the Northeastern and Mid-Atlantic United States.
