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

$62.33
-0.24 (-0.38%)
(As of 09:33 AM ET)
Compare
Today's Range
$62.33
$62.54
50-Day Range
$54.69
$65.05
52-Week Range
$53.71
$65.46
Volume
24,145 shs
Average Volume
2.56 million shs
Market Capitalization
$31.06 billion
P/E Ratio
11.11
Dividend Yield
3.66%
Price Target
$64.15

Public Service Enterprise Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
2.5% Upside
$64.15 Price Target
Short Interest
Healthy
1.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.92mentions of Public Service Enterprise Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$382,924 Sold Last Quarter
Proj. Earnings Growth
5.78%
From $3.46 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.

2.72 out of 5 stars

Utilities Sector

13th out of 85 stocks

Electric & Other Services Combined Industry

2nd out of 16 stocks


PEG stock logo

About Public Service Enterprise Group Stock (NYSE:PEG)

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 Stock Price History

PEG Stock News Headlines

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Public Service Enterprise Group Inc's Dividend Analysis
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Guru Fundamental Report for PEG
9 Analysts Have This to Say About Public Service Enterprise
ENLAY vs. PEG: Which Stock Is the Better Value Option?
Q3 2023 Public Service Enterprise Group Inc Earnings Call
Public Service Enterprise Group Inc Q3 Profit Increases, beats estimates
PSEG Announces Third Quarter 2023 Results
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/07/2023
Dividend Payable
9/29/2023
Last Earnings
10/31/2023
Ex-Dividend for 12/29 Dividend
12/07/2023
Today
12/11/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

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 Target
$64.15
High Stock Price Target
$70.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+2.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
28.86%

Debt

Sales & Book Value

Annual Sales
$11.77 billion
Cash Flow
$6.16 per share
Book Value
$27.52 per share

Miscellaneous

Free Float
495,474,000
Market Cap
$31.06 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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Public Service Enterprise Group was last updated on Sunday, December 3, 2023 at 5:02 PM.

Pros

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

  • Strong Earnings: Public Service Enterprise Group Incorporated reported earnings per share of $0.85 for the last quarter, surpassing analysts' estimates by $0.10. This indicates the company's ability to generate profits and potentially attract investors.
  • Dividend Yield: The company recently announced a quarterly dividend of $0.57 per share, resulting in an annualized dividend of $2.28 and a dividend yield of 3.54%. This can be attractive to income-focused investors seeking regular cash flow.
  • Positive Analyst Ratings: Several research reports have given Public Service Enterprise Group Incorporated positive ratings, with target prices ranging from $62.00 to $70.00. This suggests that analysts have confidence in the company's future performance.
  • Stable Industry: Public Service Enterprise Group Incorporated operates in the electric and multi-utilities industry, which provides essential services. This industry tends to be relatively stable, offering investors a sense of security.
  • Recent Insider Activity: The CEO of Public Service Enterprise Group Incorporated, Ralph A. Larossa, sold shares of the company's stock at an average price of $63.00. Insider activity can sometimes indicate confidence in the company's prospects.

Cons

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

  • Stock Price Volatility: The stock price of Public Service Enterprise Group Incorporated may experience fluctuations, which can be a concern for investors seeking stability.
  • Regulatory Risks: As an energy company, Public Service Enterprise Group Incorporated is subject to various regulations and policies that can impact its operations and financial performance. Changes in regulations could pose risks to investors.
  • Competition: The electric and multi-utilities industry is competitive, with other companies vying for market share. Public Service Enterprise Group Incorporated may face challenges in maintaining its position and profitability.
  • Dependence on Regional Market: Public Service Enterprise Group Incorporated primarily operates in the Mid-Atlantic United States. Its financial performance can be influenced by regional economic conditions, which may limit growth opportunities.
  • Environmental Concerns: As an energy company, Public Service Enterprise Group Incorporated may face scrutiny and potential challenges related to environmental sustainability. This could impact its reputation and future prospects.














PEG Stock Analysis - Frequently Asked Questions

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

10 Wall Street research 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 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?

10 brokers have issued 12 month price objectives for Public Service Enterprise Group's stock. Their PEG share price targets range from $60.00 to $70.00. On average, they anticipate the company's share price to reach $64.15 in the next twelve months. This suggests a possible upside of 2.5% 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 on January 1st, 2023. Since then, PEG stock has increased by 2.1% and is now trading at $62.57.
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, February 20th 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 quarterly earnings data on Tuesday, October, 31st. The utilities provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.10. The utilities provider earned $2.46 billion during 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%.
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 declared a quarterly dividend on Tuesday, November 21st. Investors 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 3.64%. The ex-dividend date is Thursday, December 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 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.
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 FY23 earnings guidance on Tuesday, October, 31st. The company provided EPS guidance of $3.40-3.50 for the period, compared to the consensus EPS estimate of $3.46.

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 many different institutional and retail investors. Top institutional shareholders 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:PEG) was last updated on 12/11/2023 by MarketBeat.com Staff

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