Public Service Enterprise (PEG) received a Hold rating from Deutsche Bank analyst Jonathan Arnold today. The company’s shares closed yesterday at $58.56, close to its 52-week high of $58.93.
According to TipRanks.com, Arnold is a 4-star analyst with an average return of 3.1% and a 68.1% success rate. Arnold covers the Utilities sector, focusing on stocks such as Atlantica Yield plc, Dominion Resources, and Entergy Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Public Service Enterprise with a $59.25 average price target.
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The company has a one-year high of $58.93 and a one-year low of $46.19. Currently, Public Service Enterprise has an average volume of 3.24M.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Ralph Izzo, the COB, Pres & CEO of PEG sold 52,407 shares for a total of $2,845,990.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Public Service Enterprise Group, Inc. is a holding company, which engages in the provision of electric and gas services. It operates through the Public Service Electric & Gas Co. (PSE&G) and Power segments. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas.
