Soleil Securities Initiates Coverage on Public Service Enterprise Group (PEG) with a Buy
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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.
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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.