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NYSE:PEG

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

$55.50
-1.41 (-2.48%)
(As of 10:39 AM ET)
Compare
Today's Range
$55.25
$56.87
50-Day Range
$56.66
$64.92
52-Week Range
$52.51
$65.46
Volume
350,710 shs
Average Volume
2.42 million shs
Market Capitalization
$27.70 billion
P/E Ratio
9.98
Dividend Yield
4.11%
Price Target
$65.46

Public Service Enterprise Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
17.4% Upside
$65.46 Price Target
Short Interest
Healthy
1.49% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
1.49mentions of Public Service Enterprise Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$807,273 Sold Last Quarter
Proj. Earnings Growth
6.09%
From $3.45 to $3.66 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.99 out of 5 stars

Utilities Sector

13th out of 87 stocks

Electric & Other Services Combined Industry

1st out of 18 stocks


PEG stock logo

About Public Service Enterprise Group (NYSE:PEG) Stock

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in Mid-Atlantic United States. The company operates through PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2022, it had electric transmission and distribution system of 25,000 circuit miles and 864,000 poles; 55 switching stations with an installed capacity of 39,653 megavolt-amperes (MVA), and 235 substations with an installed capacity of 9,735 MVA; four electric distribution headquarters and five electric sub-headquarters; and 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. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.

PEG Price History

PEG Stock News Headlines

Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
PSEG Elects Kenneth Y. Tanji to Board of Directors
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
8 Analysts Have This to Say About Public Service Enterprise
PSEG Announces Second Quarter 2023 Results
PSEG (PEG) Q2 Earnings and Revenues Surpass Estimates
Earnings Preview: Public Service Enterprise
Utilities Q2 Earnings Due on Aug 1: PEG, FE & WEC
Public Service declares $0.57 dividend
See More Headlines
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PEG Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 9/29 Dividend
9/07/2023
Dividend Payable
9/29/2023
Today
10/02/2023
Next Earnings (Confirmed)
10/31/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
74457310
Employees
12,525
Year Founded
1903

Price Target and Rating

Average Stock Price Forecast
$65.46
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$60.50
Forecasted Upside/Downside
+15.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
29.23%

Debt

Sales & Book Value

Annual Sales
$11.59 billion
Cash Flow
$6.17 per share
Book Value
$27.52 per share

Miscellaneous

Free Float
496,266,000
Market Cap
$28.40 billion
Optionable
Optionable
Beta
0.58

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Key Executives

  • Mr. Ralph A. LaRossaMr. Ralph A. LaRossa (Age 60)
    Chair, Pres & CEO
    Comp: $2.16M
  • Mr. Daniel J. CreggMr. Daniel J. Cregg (Age 59)
    Exec. VP & CFO
    Comp: $1.42M
  • Ms. Tamara Louise Linde Esq.Ms. Tamara Louise Linde Esq. (Age 58)
    Exec. VP & Gen. Counsel
    Comp: $1.32M
  • Ms. Kim C. Hanemann (Age 59)
    Pres & COO of Public Service Electric & Gas
    Comp: $1.32M
  • Mr. Zeeshan Sheikh
    Sr. VP and Chief Information & Digital Officer
  • Ms. Carlotta N. Chan
    VP of Investor Relations
  • Ms. Courtney McCormick
    Sr. VP of Audit, Enterprise Risk & Compliance
  • Ms. Karen Cleeve
    VP of Corp. Communications
  • Ms. Sheila J. Rostiac (Age 52)
    Sr. VP of HR, Chief HR Officer & Chief Diversity Officer
  • Mr. Richard T. Thigpen (Age 62)
    Sr. VP of Corp. Citizenship













PEG Stock - Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last twelve months. There are currently 5 hold ratings and 7 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 forecast for 2023?

12 equities research analysts have issued 1-year target prices for Public Service Enterprise Group's shares. Their PEG share price forecasts range from $60.50 to $70.00. On average, they predict the company's share price to reach $65.46 in the next year. This suggests a possible upside of 15.0% 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 2023?

Public Service Enterprise Group's stock was trading at $61.27 at the beginning of the year. Since then, PEG stock has decreased by 7.1% and is now trading at $56.91.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
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, October 31st 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 results on Tuesday, August, 1st. The utilities provider reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. The utilities provider earned $2.42 billion during the quarter, compared to analysts' expectations of $1.95 billion. Public Service Enterprise Group had a trailing twelve-month return on equity of 12.64% and a net margin of 23.99%. The business's revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 Monday, July 17th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.57 per share on Friday, September 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Thursday, September 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 $2.28 per share and currently has a dividend yield of 4.02%. PEG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 41.01%. 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.
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 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $3.40-$3.50 for the period, compared to the consensus estimate of $3.45. 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).

What is Public Service Enterprise Group's stock symbol?

Public Service Enterprise Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PEG."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Public Service Enterprise Group's stock price today?

One share of PEG stock can currently be purchased for approximately $56.91.

How much money does Public Service Enterprise Group make?

Public Service Enterprise Group (NYSE:PEG) has a market capitalization of $28.40 billion and generates $11.59 billion in revenue each year. The utilities provider earns $1.03 billion in net income (profit) each year or $5.56 on an earnings per share basis.

How many employees does Public Service Enterprise Group have?

The company employs 12,525 workers across the globe.

How can I contact Public Service Enterprise Group?

Public Service Enterprise Group's mailing address is 80 PARK PLAZA, NEWARK NJ, 07102. The official website for the company is www.pseg.com. The utilities provider can be reached via phone at (973) 430-7000, via email at carlotta.chan@pseg.com, or via fax at 973-643-3367.

This page (NYSE:PEG) was last updated on 10/2/2023 by MarketBeat.com Staff

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