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NYSE:PEG

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

$75.04
+1.49 (+2.03%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$73.47
$75.07
50-Day Range
$63.82
$75.14
52-Week Range
$53.71
$75.17
Volume
3.02 million shs
Average Volume
2.84 million shs
Market Capitalization
$37.38 billion
P/E Ratio
20.79
Dividend Yield
3.20%
Price Target
$68.31

Public Service Enterprise Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.62 Rating Score
Upside/​Downside
9.0% Downside
$68.31 Price Target
Short Interest
Healthy
1.43% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.38mentions of Public Service Enterprise Group in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$607,376 Sold Last Quarter
Proj. Earnings Growth
10.08%
From $3.67 to $4.04 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.57 out of 5 stars

Utilities Sector

11th out of 90 stocks

Electric & Other Services Combined Industry

2nd out of 19 stocks

PEG stock logo

About Public Service Enterprise Group Stock (NYSE:PEG)

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.

PEG Stock Price History

PEG Stock News Headlines

Public Service Enterprise (PEG) Gets a Hold from KeyBanc
PSEG ANNOUNCES FIRST QUARTER 2024 RESULTS
Public Service declares $0.60 dividend
PEG Crosses Above Average Analyst Target
Public Service Enterprise (PEG) Receives a Buy from Evercore ISI
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/07/2024
Dividend Payable
3/29/2024
Last Earnings
4/30/2024
Today
5/26/2024
Ex-Dividend for 6/28 Dividend
6/07/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/06/2024
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
$68.31
High Stock Price Target
$80.00
Low Stock Price Target
$60.00
Potential Upside/Downside
-9.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.62
Research Coverage
13 Analysts

Profitability

Net Income
$2.56 billion
Pretax Margin
20.75%

Debt

Sales & Book Value

Annual Sales
$11.24 billion
Cash Flow
$6.32 per share
Book Value
$31.56 per share

Miscellaneous

Free Float
495,241,000
Market Cap
$37.38 billion
Optionable
Optionable
Beta
0.56

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Key Executives


PEG Stock Analysis - Frequently Asked Questions

Should I buy or sell Public Service Enterprise Group stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PEG shares.
View PEG analyst ratings
or view top-rated stocks.

What is Public Service Enterprise Group's stock price target for 2024?

13 Wall Street research analysts have issued 1-year price targets for Public Service Enterprise Group's shares. Their PEG share price targets range from $60.00 to $80.00. On average, they anticipate the company's stock price to reach $68.31 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
View analysts price targets for PEG
or view top-rated stocks among Wall Street analysts.

How have PEG shares performed in 2024?

Public Service Enterprise Group's stock was trading at $61.15 on January 1st, 2024. Since then, PEG shares have increased by 22.7% and is now trading at $75.04.
View the best growth stocks for 2024 here
.

When is Public Service Enterprise Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our PEG earnings forecast
.

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

Public Service Enterprise Group Incorporated (NYSE:PEG) issued its earnings results on Tuesday, April, 30th. The utilities provider reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by $0.01. The utilities provider earned $2.76 billion during the quarter, compared to analysts' expectations of $2.99 billion. Public Service Enterprise Group had a net margin of 17.65% and a trailing twelve-month return on equity of 11.10%. Public Service Enterprise Group's quarterly revenue was down 26.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS.
Read the conference call transcript
.

How often does Public Service Enterprise Group pay dividends? What is the dividend yield for Public Service Enterprise Group?

Public Service Enterprise Group announced a quarterly dividend on Tuesday, April 16th. Shareholders of record on Friday, June 7th will be given a dividend of $0.60 per share on Friday, June 28th. This represents a $2.40 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Friday, June 7th.
Read our dividend analysis for PEG
.

Is Public Service Enterprise Group a good dividend stock?

Public Service Enterprise Group (NYSE:PEG) pays an annual dividend of $2.40 per share and currently has a dividend yield of 3.26%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PEG will have a dividend payout ratio of 59.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PEG.

What guidance has Public Service Enterprise Group issued on next quarter's earnings?

Public Service Enterprise Group updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of 3.600-3.700 for the period, compared to the consensus estimate of 3.670. The company issued revenue guidance of -.

What is Ralph Izzo's approval rating as Public Service Enterprise Group's CEO?

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.

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

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).

Who are Public Service Enterprise Group's major shareholders?

Public Service Enterprise Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.02%), JPMorgan Chase & Co. (5.16%), Capital World Investors (1.15%), Capital Research Global Investors (0.95%), Bank of New York Mellon Corp (0.79%) and ClearBridge Investments Ltd (0.48%). Insiders that own company stock include Eric Carr, Ralph A Larossa, Ralph A Larossa, Ralph Izzo, Richard T Thigpen, Rose M Chernick and Tamara Louise Linde.
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.

This page (NYSE:PEG) was last updated on 5/27/2024 by MarketBeat.com Staff

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