Goldman Sachs Keeps Their Buy Rating on Public Service Enterprise (PEG)

Goldman Sachs analyst Michael Lapides maintained a Buy rating on Public Service Enterprise (PEGResearch Report) today and set a price target of $76.00. The company’s shares opened today at $58.19.

Lapides covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Centerpoint Energy, and NRG Energy. According to TipRanks, Lapides has an average return of 2.8% and a 55.26% success rate on recommended stocks.

Public Service Enterprise has an analyst consensus of Strong Buy, with a price target consensus of $76.36.

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Based on Public Service Enterprise’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.08 billion and a net profit of $131 million. In comparison, last year the company earned a revenue of $1.87 billion and had a GAAP net loss of $177 million

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Public Service Enterprise Group Incorporated is a diversified energy company. The company engages in the generation, transmission, and distributions of electricity and gas to residential, commercial, and industrial customers in the Northeastern and Mid-Atlantic United States.

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