Soleil Securities Initiates Coverage on Public Service Enterprise Group (PEG) with a Buy
More News related to PEG
- The New York & New Jersey Minority Supplier Development Council 2009 Partnership Awards
- PSEG Power Connecticut, City of New Haven, Environmental Groups Reach Accord on Environmental Plan for New Peaking Generation
- PSE&G Expanding Free Home Energy Audits to Customers in Urban Enterprise Zones
- Public Service Enterprise (PEG) Declares $0.3325 Quarterly Dividend; 4.2% Yield
- PSEG Declares 33.25-Cent Quarterly Dividend
More News related to New Coverage
- C. K. Cooper & Company Initiates Coverage of UNIT Corporation (UNT)
- Morgan Stanley Initiates Coverage on ConAgra Foods (CAG) with a Equalweight
- Stifel Nicolaus Initiates Coverage on Simmons First National (SFNC) with a Hold
- Cowen & Co Initiates Coverage on Roche (RHHBY) with an Outperform
- BB&T Capital Initiates Coverage on MYR Group (MYRG) with a Hold
Soleil Securities initiates coverage on Public Service Enterprise Group Inc. (NYSE: PEG) with a Buy. Price target $37.
Soleil analyst says, "Dominant low-cost generation position in New Jersey and the nearby Northeast with most of generation sold, directly or indirectly, into a well-organized New Jersey auction. A play on mid-term supply tightening in already tight NJ and on higher coal and gas prices...Dividend yield 4.4%."
Public Service Enterprise Group Incorporated (PSEG) is an energy company.
Related Categories
New CoverageStocks Mentioned
+0.32Related Entities
Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Great utility stock, long in my portfoloio
Morris on Nov 26, 2008 05:11 AMI'm retired and dependent on income. Yes, PEG has fallen in price, but still gives me, for years, a nice income. I also have ED and well rated corp bonds. Keeping physically and financially healthy. Past my 88th year of birth. Social security check well over $2000 monthly. Take care, friends. And if married, which I am to the same lady for over 60 years, be close to needed social events and be helpful to others which, of course, is helpful to oneself.