Public Service Enterprise Group Inc. (NYSE: PEG) Stock Rating Reiterated at Argus

Public Service Enterprise Group Inc. (NYSE: PEG) had its Buy rating reiterated by equities researchers at Argus in a research note to investors.Argus currently has a rating of Buy on the stock. As a means of comparison, a number of other analysts have issued reports on the company in recent days, and Public Service Enterprise Group Inc. has secured a consensus one-year price target of $46.97, above the opening price of $42.78, a difference of 10.96 percent. Public Service Enterprise Group Inc. stock has a 52-week high of $47.41. Share prices sometimes get a jump to the upside when analysts reiterate coverage.

U.S. stocks on Monday closed mostly flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.

The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.

The blue-chip index had been up by as much as 131 points earlier and traded within a 162-point range.

The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range

Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.

Earlier, the index had been up by as many as 37 points and traded with a 58-point range

Shares of Public Service Enterprise Group Inc. (NYSE: PEG) opened at $42.78 yesterday and traded in a range between, $42.66 and $42.92, and last traded at $42.86, a jump of $0.20 over the previous closing price.

Public Service Enterprise Group Inc. (NYSE: PEG) now has a market cap of 21.68B.

305,970 shares crossed the trading desk yesterday, 69 percent lower than normal, out of a total float 504,757,000. Look for trading volume to pick up in the coming days as momentum traders often use increases in trading volume to identify large volume accumulation or distribution by institutional investors.

While increased trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks delivers a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.

Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors retain teams of analysts researching thousands of stocks, so it is good validation to see them buying a stock you’re considering.

By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.

With that in mind, Public Service Enterprise Group Inc. (NYSE: PEG) now has a 50-day MA of $43.26 and 200-day MA of $44.94. It has traded in a 52-week range between $36.80 – 47.41 and today’s last price is 0.10% lower than the 52 week high of $47.41.

Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors identify companies that have increased their earnings at least 25% or more for the past 3 years.

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