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

$90.47
-0.26 (-0.29%)
(As of 03:57 PM ET)

About Public Service Enterprise Group Stock (NYSE:PEG)

Key Stats

Today's Range
$90.19
$91.27
50-Day Range
$79.94
$92.02
52-Week Range
$56.85
$92.20
Volume
945,983 shs
Average Volume
2.79 million shs
Market Capitalization
$45.06 billion
P/E Ratio
27.42
Dividend Yield
2.65%
Price Target
$87.15
Consensus Rating
Moderate Buy

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.

Public Service Enterprise Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

PEG MarketRank™: 

Public Service Enterprise Group scored higher than 96% of companies evaluated by MarketBeat, and ranked 6th out of 95 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Public Service Enterprise Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Public Service Enterprise Group are expected to grow by 11.44% in the coming year, from $3.67 to $4.09 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Public Service Enterprise Group is 27.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Public Service Enterprise Group is 27.42, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 100.82.

  • Price to Earnings Growth Ratio

    Public Service Enterprise Group has a PEG Ratio of 2.71. 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.

  • Read more about Public Service Enterprise Group's valuation and earnings.
  • Percentage of Shares Shorted

    1.31% 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 2.4, 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 0.46%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Public Service Enterprise Group pays a meaningful dividend of 2.66%, 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 66.48%. 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 58.68% next year. This indicates that Public Service Enterprise Group will be able to sustain or increase its dividend.

  • Read more about Public Service Enterprise Group's dividend.
  • Percentage of Shares Shorted

    1.31% 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 2.4, 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 0.46%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Public Service Enterprise Group has a news sentiment score of 1.10. 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 0.45 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Public Service Enterprise Group this week, compared to 8 articles on an average week.
  • Search Interest

    15 people have searched for PEG on MarketBeat in the last 30 days. This is an increase of 114% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Public Service Enterprise Group to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • 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 $3,397,855.00 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.

  • Read more about Public Service Enterprise Group's insider trading history.

PEG Stock News Headlines

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Public Service Enterprise Group Inc (PEG)
See More Headlines

PEG Stock Analysis - Frequently Asked Questions

Public Service Enterprise Group's stock was trading at $61.15 at the beginning of 2024. Since then, PEG shares have increased by 47.9% and is now trading at $90.47.
View the best growth stocks for 2024 here
.

Public Service Enterprise Group Incorporated (NYSE:PEG) issued its quarterly earnings data on Tuesday, July, 30th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by $0.01. The company's revenue for the quarter was up .1% on a year-over-year basis.
Read the conference call transcript
.

Public Service Enterprise Group's top institutional shareholders include Raymond James & Associates (0.58%), Hamlin Capital Management LLC (0.49%), Swedbank AB (0.09%) and International Assets Investment Management LLC (0.08%). 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
.

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.

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

Last Earnings
7/30/2024
Ex-Dividend for 9/30 Dividend
9/09/2024
Dividend Payable
9/30/2024
Today
10/24/2024
Next Earnings (Confirmed)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
CUSIP
74457310
Employees
12,543
Year Founded
1903

Price Target and Rating

Average Stock Price Target
$87.15
High Stock Price Target
$100.00
Low Stock Price Target
$70.00
Potential Upside/Downside
-3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$2.56 billion
Pretax Margin
17.75%

Debt

Sales & Book Value

Annual Sales
$10.24 billion
Cash Flow
$6.37 per share
Book Value
$31.06 per share

Miscellaneous

Free Float
495,322,000
Market Cap
$45.09 billion
Optionable
Optionable
Beta
0.61

Social Links


This page (NYSE:PEG) was last updated on 10/24/2024 by MarketBeat.com Staff
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