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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PEG shares.
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10 Wall Street research analysts have issued 1 year price objectives for Public Service Enterprise Group's stock. Their PEG share price targets range from $60.00 to $70.00. On average, they expect the company's share price to reach $64.15 in the next year. This suggests a possible upside of 1.2% from the stock's current price.
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Public Service Enterprise Group's stock was trading at $61.27 at the beginning of 2023. Since then, PEG stock has increased by 3.5% and is now trading at $63.42.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
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Public Service Enterprise Group Incorporated (NYSE:PEG) posted its earnings results on Tuesday, October, 31st. The utilities provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.10. The utilities provider had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.42 billion. Public Service Enterprise Group had a net margin of 23.83% and a trailing twelve-month return on equity of 12.20%.
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Public Service Enterprise Group declared a quarterly dividend on Tuesday, November 21st. Shareholders of record on Friday, December 8th will be paid a dividend of $0.57 per share on Friday, December 29th. This represents a $2.28 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Thursday, December 7th.
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Public Service Enterprise Group (NYSE:PEG) pays an annual dividend of $2.28 per share and currently has a dividend yield of 3.65%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 40.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PEG will have a dividend payout ratio of 62.30% next year. This indicates that the company will be able to sustain or increase its dividend.
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ETFs with the largest weight of Public Service Enterprise Group (NYSE:PEG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR), ClearBridge Sustainable Infrastructure ETF (INFR), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), First Trust Utilities AlphaDEX Fund (FXU), Utilities Select Sector SPDR Fund (XLU), Vanguard Utilities ETF (VPU) and Fidelity MSCI Utilities Index ETF (FUTY).

Public Service Enterprise Group issued an update on its FY23 earnings guidance on Tuesday, October, 31st. The company provided earnings per share (EPS) guidance of $3.40-3.50 for the period, compared to the consensus estimate of $3.46.

203 employees have rated Public Service Enterprise Group Chief Executive Officer Ralph Izzo on Glassdoor.com. Ralph Izzo has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Public Service Enterprise Group investors own include AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Pfizer (PFE), Exxon Mobil (XOM), Intel (INTC), Cisco Systems (CSCO), Procter & Gamble (PG), Chevron (CVX) and AbbVie (ABBV).

Public Service Enterprise Group's stock is owned by a number of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (6.63%), Invesco Ltd. (1.69%), Legal & General Group Plc (1.41%), Northern Trust Corp (1.24%), Morgan Stanley (1.13%) and Nordea Investment Management AB (1.06%). Insiders that own company stock include Edward S Lampert, Eric Carr, Ralph A Larossa, Ralph A Larossa, Ralph Izzo, Rose M Chernick, Rose M Chernick and Tamara Louise Linde.
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Shares of PEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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