Public Service Enterprise (PEG) Gets a Hold from BMO Capital
In a report released today, James Thalacker from BMO Capital maintained a Hold rating on Public Service Enterprise, with a price target of $89.00.
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Thalacker covers the Utilities sector, focusing on stocks such as CMS Energy, PPL, and Duke Energy. According to TipRanks, Thalacker has an average return of 14.6% and a 74.37% success rate on recommended stocks.
In addition to BMO Capital, Public Service Enterprise also received a Hold from KeyBanc’s Sophie Karp in a report issued yesterday. However, on the same day, BTIG maintained a Buy 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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