Public Service Enterprise Group (PEG) Stock Price, News & Analysis

Company Overview

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation businesses; and supplies power and natural gas to nuclear power plants and gas storage facilities activities. As of December 31, 2023, it had electric transmission and distribution system of 25,000 circuit miles and 866,600 poles; 56 switching stations with an installed capacity of 39,953 megavolt-amperes (MVA), and 235 substations with an installed capacity of 10,382 MVA; 109 MVA aggregate installed capacity for substations; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 56 natural gas metering and regulating stations; and 158 MegaWatts defined conditions of installed PV solar capacity. Public Service Enterprise Group Incorporated was founded in 1903 and is based in Newark, New Jersey.

Key Stats

• Today's Range: $89.43 to $90.83
• 50-Day Range: $81.87 to $92.02
• 52-Week Range: $56.85 to $92.20
• Volume: 1.64 million shs
• Average Volume: 2.50 million shs
• Market Capitalization: $45.08 billion
• P/E Ratio: 22.23
• Dividend Yield: 2.65%
• Price Target: $86.69
• Consensus Rating: Moderate Buy

Public Service Enterprise Group Stock Analysis - MarketRank™

Public Service Enterprise Group scored higher than 95% of companies evaluated by MarketBeat, and ranked 7th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Public Service Enterprise Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Public Service Enterprise Group has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 11.20%

Earnings Growth

Earnings for Public Service Enterprise Group are expected to grow by 11.20% in the coming year, from $3.66 to $4.07 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Public Service Enterprise Group is 22.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Public Service Enterprise Group is 22.23, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.48.

Price to Earnings Growth Ratio

Public Service Enterprise Group has a PEG Ratio of 3.27. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Public Service Enterprise Group has a P/B Ratio of 2.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.11% of the float of Public Service Enterprise Group has been sold short.

Short Interest Ratio / Days to Cover

Public Service Enterprise Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Public Service Enterprise Group has recently increased by 2.79%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Public Service Enterprise Group pays a meaningful dividend of 2.68%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Public Service Enterprise Group has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Public Service Enterprise Group is 58.97%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Public Service Enterprise Group will have a dividend payout ratio of 58.97% next year. This indicates that Public Service Enterprise Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.2 / 5
• Environmental Score: -3.10

Percentage of Shares Shorted

1.11% of the float of Public Service Enterprise Group has been sold short.

Short Interest Ratio / Days to Cover

Public Service Enterprise Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Public Service Enterprise Group has recently increased by 2.79%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.39

News Sentiment

Public Service Enterprise Group has a news sentiment score of 1.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Public Service Enterprise Group this week, compared to 9 articles on an average week.

Search Interest

Only 11 people have searched for PEG on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

9 people have added Public Service Enterprise Group to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Public Service Enterprise Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,381,626.00 in company stock.

Percentage Held by Insiders

Only 0.57% of the stock of Public Service Enterprise Group is held by insiders.

Percentage Held by Institutions

73.34% of the stock of Public Service Enterprise Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PEG Stock Analysis - Frequently Asked Questions

How have PEG shares performed this year?

Public Service Enterprise Group's stock was trading at $61.15 at the start of the year. Since then, PEG shares have increased by 48.0% and is now trading at $90.49.
View the best growth stocks for 2024 here.

How were Public Service Enterprise Group's earnings last quarter?

Public Service Enterprise Group Incorporated (NYSE:PEG) issued its quarterly earnings data on Monday, November, 4th. The utilities provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm's revenue for the quarter was up 7.6% on a year-over-year basis.
Read the conference call transcript.

Who are Public Service Enterprise Group's major shareholders?

Public Service Enterprise Group's top institutional shareholders include State Street Corp (5.33%), Geode Capital Management LLC (2.37%), FMR LLC (1.08%) and Massachusetts Financial Services Co. MA (0.74%). Insiders that own company stock include Ralph Izzo, Ralph A Larossa, Tamara Louise Linde, Rose M Chernick, Richard T Thigpen and Eric Carr.
View institutional ownership trends.

How do I buy shares of Public Service Enterprise Group?

Shares of PEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Public Service Enterprise Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Public Service Enterprise Group investors own include Chevron (CVX), Exxon Mobil (XOM), Pfizer (PFE), Johnson & Johnson (JNJ), Coca-Cola (KO), Intel (INTC) and AbbVie (ABBV).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/09/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 11/04/2024
• Today: 11/21/2024
• Ex-Dividend for 12/31 Dividend: 12/10/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: Multi-Utilities
• Current Symbol: NYSE:PEG
• CUSIP: 74457310
• CIK: 788784
• Web: www.pseg.com
• Phone: (973) 430-7000
• Fax: 973-643-3367
• Employees: 12,543
• Year Founded: 1903

Price Target and Rating

• Average Stock Price Target: $86.69
• High Stock Price Target: $100.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: -4.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.79
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.07
• Trailing P/E Ratio: 22.23
• Forward P/E Ratio: 24.72
• P/E Growth: 3.27
• Net Income: $2.56 billion
• Net Margins: 19.48%
• Pretax Margin: 22.17%
• Return on Equity: 10.70%
• Return on Assets: 3.22%

Debt

• Debt-to-Equity Ratio: 1.18
• Current Ratio: 0.68
• Quick Ratio: 0.48

Sales & Book Value

• Annual Sales: $10.43 billion
• Price / Sales: 4.32
• Cash Flow: $6.43 per share
• Price / Cash Flow: 14.07
• Book Value: $31.06 per share
• Price / Book: 2.91

Miscellaneous

• Outstanding Shares: 498,225,000
• Free Float: 497,328,000
• Market Cap: $45.08 billion
• Optionable: Optionable
• Beta: 0.61