S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
NYSE:PEG

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

$65.87
-0.58 (-0.87%)
(As of 04/12/2024 ET)
Today's Range
$65.80
$66.86
50-Day Range
$58.20
$67.20
52-Week Range
$53.71
$67.51
Volume
2.02 million shs
Average Volume
2.98 million shs
Market Capitalization
$32.84 billion
P/E Ratio
12.84
Dividend Yield
3.64%
Price Target
$67.33

Public Service Enterprise Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
2.2% Upside
$67.33 Price Target
Short Interest
Healthy
1.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.63mentions of Public Service Enterprise Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$510,300 Sold Last Quarter
Proj. Earnings Growth
8.47%
From $3.66 to $3.97 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.

4.79 out of 5 stars

Utilities Sector

6th out of 90 stocks

Electric & Other Services Combined Industry

1st out of 16 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

New Jersey's 3 nuclear power plants seek to extend licenses for another 20 years
The company that owns New Jersey’s three nuclear power plants says it will seek federal approval to operate them for another 20 years
Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
PEG Crosses Above Average Analyst Target
Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Public Service Enterprise (PEG) Receives a Buy from Evercore ISI
PEG Apr 2024 70.000 call
PEG Quantitative Stock Analysis
Q4 2023 Public Service Enterprise Group Inc Earnings Call
PSEG ANNOUNCES 2023 RESULTS
Public Service Enterprise Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Ex-Dividend for 3/29 Dividend
3/07/2024
Dividend Payable
3/29/2024
Today
4/13/2024
Next Earnings (Confirmed)
4/30/2024
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
$67.33
High Stock Price Target
$73.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+2.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$2.56 billion
Pretax Margin
27.42%

Debt

Sales & Book Value

Annual Sales
$11.24 billion
Cash Flow
$6.27 per share
Book Value
$31.06 per share

Miscellaneous

Free Float
495,745,000
Market Cap
$32.84 billion
Optionable
Optionable
Beta
0.58

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Key Executives

Should I Buy Public Service Enterprise Group Stock? PEG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Public Service Enterprise Group Incorporated:

  • Public Service Enterprise Group has a strong track record of consistent dividend payments, providing investors with a reliable income stream.
  • The company has a diversified business model operating in both electric and gas utility sectors, reducing risk associated with a single sector.
  • Public Service Enterprise Group has shown resilience during economic downturns, making it a defensive stock option for investors.
  • Recent financial reports indicate that the company has been able to maintain a healthy net margin and return on equity, showcasing financial stability.
  • With a current stock price trading at a reasonable valuation compared to its peers, there may be potential for capital appreciation.

Cons

Investors should be bearish about investing in Public Service Enterprise Group Incorporated for these reasons:

  • The company's revenue has shown a decline in recent quarters, which could indicate challenges in revenue growth.
  • Public Service Enterprise Group operates in a heavily regulated industry, subjecting it to potential regulatory changes that could impact profitability.
  • High debt-to-equity ratio of 1.15 may raise concerns about the company's ability to manage its debt obligations effectively.
  • Market volatility and interest rate fluctuations could affect the company's stock price and overall performance.
  • Despite a strong dividend history, dividend payments are not guaranteed and could be impacted by various factors affecting the company's financials.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Public Service Enterprise Group pros and cons to contact@marketbeat.com.

PEG Stock Analysis - Frequently Asked Questions

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

12 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 8 buy ratings for the stock. The consensus among Wall Street 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?

12 analysts have issued twelve-month price objectives for Public Service Enterprise Group's shares. Their PEG share price targets range from $60.00 to $73.00. On average, they anticipate the company's stock price to reach $67.33 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
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 stock has increased by 7.7% and is now trading at $65.87.
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, April 30th 2024.
View our PEG earnings forecast
.

How can I listen to Public Service Enterprise Group's earnings call?

Public Service Enterprise Group will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Public Service Enterprise Group Incorporated (NYSE:PEG) posted its quarterly earnings data on Monday, February, 26th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.02. The utilities provider earned $2.61 billion during the quarter, compared to analyst estimates of $2.45 billion. Public Service Enterprise Group had a net margin of 22.81% and a trailing twelve-month return on equity of 11.53%. The company's revenue was down 17.0% on a year-over-year basis. During the same period last year, the business earned $0.64 earnings per share.
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, February 13th. Stockholders of record on Friday, March 8th will be paid a dividend of $0.60 per share on Friday, March 29th. This represents a $2.40 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Thursday, March 7th. This is a boost from the stock's previous quarterly dividend of $0.57.
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 3.61%. 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 46.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PEG will have a dividend payout ratio of 60.45% 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, February, 27th. The company provided earnings per share (EPS) guidance of 3.600-3.700 for the period, compared to the consensus earnings per share estimate of 3.680. 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 investors include Tompkins Financial Corp (0.03%), First National Bank of Mount Dora Trust Investment Services (0.03%), Keystone Financial Planning Inc. (0.02%), Los Angeles Capital Management LLC (0.02%), Martin Capital Partners LLC (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Edward S Lampert, Eric Carr, Ralph A Larossa, Ralph A Larossa, Ralph Izzo, Richard T Thigpen, Rose M Chernick, 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 4/13/2024 by MarketBeat.com Staff

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