BTIG Sticks to Their Buy Rating for Public Service Enterprise (PEG)
In a report released today, Alex Kania from BTIG maintained a Buy rating on Public Service Enterprise, with a price target of $94.00.
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Kania covers the Utilities sector, focusing on stocks such as PPL, Entergy, and H2O America. According to TipRanks, Kania has an average return of 4.9% and a 67.50% success rate on recommended stocks.
In addition to BTIG, Public Service Enterprise also received a Buy from Bank of America Securities’s Ross Fowler in a report issued on April 24. However, today, KeyBanc maintained a Hold rating on Public Service Enterprise (NYSE: PEG).
Based on Public Service Enterprise’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.92 billion and a net profit of $315 million. In comparison, last year the company earned a revenue of $2.47 billion and had a net profit of $286 million
Based on the recent corporate insider activity of 57 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. Earlier this month, Ralph Larossa, the Chair, President and CEO of PEG sold 2,083.00 shares for a total of $169,139.60.
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