What’s Ahead for Public Service Enterprise Group Incorporated (PEG) After Touching 52-Week High?

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Investors sentiment increased to 1.01 in 2019 Q1. Its up 0.05, from 0.96 in 2018Q4. It is positive, as 37 investors sold Public Service Enterprise Group Incorporated shares while 224 reduced holdings. 77 funds opened positions while 187 raised stakes. 335.50 million shares or 0.80% less from 338.21 million shares in 2018Q4 were reported.
Wetherby Asset Management owns 5,694 shares. State Bank Of Mellon accumulated 0.05% or 3.28 million shares. Cambridge Tru Comm reported 6,517 shares. Lazard Asset Mngmt Limited Liability Corp accumulated 192,258 shares. Neumann Management Limited Liability Com owns 28,260 shares or 1.07% of their US portfolio. Hanson Doremus Management has 0.07% invested in Public Service Enterprise Group Incorporated (NYSE:PEG) for 3,620 shares. Burney invested in 0.03% or 8,502 shares. California State Teachers Retirement invested in 885,803 shares. Proshare Ltd reported 64,539 shares. Cap Rech Invsts holds 0.08% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG) for 4.00M shares. Boston Advsr Ltd holds 0.23% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG) for 76,529 shares. Trexquant Investment L P accumulated 68,802 shares or 0.29% of the stock. Cs Mckee L P reported 1.56% stake. 48,701 were reported by Capital City Fl. Suntrust Banks Incorporated holds 0.02% of its portfolio in Public Service Enterprise Group Incorporated (NYSE:PEG) for 69,754 shares.

Since March 29, 2019, it had 1 insider buy, and 0 selling transactions for $159 activity.

The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) hit a new 52-week high and has $64.70 target or 5.00 % above today’s $61.62 share price. The 6 months bullish chart indicates low risk for the $30.81B company. The 1-year high was reported on Sep, 11 by Barchart.com. If the $64.70 price target is reached, the company will be worth $1.54B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.77% or $0.47 during the last trading session, reaching $61.62. About 783,584 shares traded. Public Service Enterprise Group Incorporated (NYSE:PEG) has risen 12.04% since September 11, 2018 and is uptrending. It has outperformed by 12.04% the S&P500.

Analysts await Public Service Enterprise Group Incorporated (NYSE:PEG) to report earnings on October, 29. They expect $0.96 earnings per share, up 1.05 % or $0.01 from last year’s $0.95 per share. PEG’s profit will be $480.02 million for 16.05 P/E if the $0.96 EPS becomes a reality. After $0.58 actual earnings per share reported by Public Service Enterprise Group Incorporated for the previous quarter, Wall Street now forecasts 65.52 % EPS growth.

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

Among 5 analysts covering Public Service Enterprise (NYSE:PEG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Public Service Enterprise has $7100 highest and $6100 lowest target. $65.20’s average target is 5.81% above currents $61.62 stock price. Public Service Enterprise had 11 analyst reports since March 13, 2019 according to SRatingsIntel. Citigroup downgraded the shares of PEG in report on Monday, July 29 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, March 13 by Morgan Stanley. UBS maintained the shares of PEG in report on Friday, September 6 with “Buy” rating. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) earned “Overweight” rating by Morgan Stanley on Friday, June 14. Mizuho maintained the stock with “Buy” rating in Wednesday, March 13 report. The stock has “Buy” rating by Mizuho on Tuesday, September 3.

More important recent Public Service Enterprise Group Incorporated (NYSE:PEG) news were published by: Finance.Yahoo.com which released: “Does Public Service Enterprise Group Incorporated’s (NYSE:PEG) Debt Level Pose A Problem? – Yahoo Finance” on July 05, 2019, also Finance.Yahoo.com published article titled: “Have Insiders Been Selling Public Service Enterprise Group Incorporated (NYSE:PEG) Shares? – Yahoo Finance”, Finance.Yahoo.com published: “Why Public Service Enterprise Group Incorporated’s (NYSE:PEG) Return On Capital Employed Is Impressive – Yahoo Finance” on September 01, 2019. More interesting news about Public Service Enterprise Group Incorporated (NYSE:PEG) was released by: Finance.Yahoo.com and their article: “Investors Who Bought Public Service Enterprise Group (NYSE:PEG) Shares Five Years Ago Are Now Up 54% – Yahoo Finance” with publication date: June 17, 2019.

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 $30.81 billion. It operates through two divisions, PSE&G and Power. It has a 21.4 P/E ratio. The PSE&G segment transmits electricity; and distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.

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

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