Wells Fargo analyst Neil Kalton maintained a Buy rating on Public Service Enterprise (PEG) yesterday. The company’s shares closed last Friday at $58.15.
According to TipRanks.com, Kalton is a 4-star analyst with an average return of 7.9% and a 67.7% success rate. Kalton covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Edison International, and Alliant Energy.
Currently, the analyst consensus on Public Service Enterprise is a Moderate Buy with an average price target of $62.71, a 6.0% upside from current levels. In a report issued on October 19, KeyBanc also maintained a Buy rating on the stock with a $66.00 price target.
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Public Service Enterprise’s market cap is currently $29.41B and has a P/E ratio of 17.00. The company has a Price to Book ratio of 1.92.
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Public Service Enterprise Group, Inc. is a holding company, which engages in the provision of electric and gas services. The firm operates through the following two segments: Public Service Electric & Gas Co. (PSE&G) and PSEG Power. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas. The PSEG Power segment wholesales energy, fuel supply, and energy transacting functions. Its products and services include energy, capacity, ancillary services, and emissions allowances and congestion credits. The company was founded in 1903 and is headquartered in Newark, NJ.
