S&P 500   5,137.08
DOW   39,087.38
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South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
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Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
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Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
Critical asset just had biggest fall on record (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
NYSE:PEG

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

$62.24
-0.16 (-0.26%)
(As of 03/1/2024 ET)
Today's Range
$61.48
$62.52
50-Day Range
$56.97
$62.63
52-Week Range
$53.71
$65.46
Volume
4.15 million shs
Average Volume
2.89 million shs
Market Capitalization
$31.03 billion
P/E Ratio
12.13
Dividend Yield
3.66%
Price Target
$63.95

Public Service Enterprise Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.7% Upside
$63.95 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.74mentions of Public Service Enterprise Group in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$23,802 Sold Last Quarter
Proj. Earnings Growth
9.54%
From $3.67 to $4.02 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.

4.43 out of 5 stars

Utilities Sector

28th out of 88 stocks

Electric & Other Services Combined Industry

11th out of 18 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Q4 2023 Public Service Enterprise Group Inc Earnings Call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
PSEG ANNOUNCES 2023 RESULTS
Public Service Enterprise Earnings Preview
Public Service Enterprise Group Inc.
PSEG (PEG) Rewards Shareholders With 5.3% Dividend Hike
PSEG Increases 2024 Common Stock Dividend
PSEG Elects Ricardo G. Pérez to Board of Directors
The Analyst Landscape: 7 Takes On Public Service Enterprise
Here's Why PSEG (PEG) Looks Ripe for Bottom Fishing
The Multibillion-Dollar Clean Energy Bet Gone Wrong
ED or PEG: Which Utility Electric Power Stock to Choose?
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/07/2023
Dividend Payable
12/29/2023
Last Earnings
2/26/2024
Today
3/03/2024
Ex-Dividend for 3/29 Dividend
3/07/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$63.95
High Stock Price Target
$70.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+2.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
27.42%

Debt

Sales & Book Value

Annual Sales
$11.24 billion
Cash Flow
$6.33 per share
Book Value
$31.04 per share

Miscellaneous

Free Float
495,745,000
Market Cap
$31.03 billion
Optionable
Optionable
Beta
0.57

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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, March 3, 2024 at 12:09 AM.

Pros

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

  • Public Service Enterprise Group had a return on equity of 12.20% and a net margin of 23.83%, indicating strong profitability.
  • The company recently increased its quarterly dividend from $0.57 to $0.60, showing a commitment to rewarding shareholders.
  • Institutional investors and hedge funds have been increasing their stakes in the company, signaling confidence in its future performance.
  • Public Service Enterprise Group operates as an energy company in the Mid-Atlantic United States, a region with stable demand for utilities.
  • The stock currently offers a dividend yield of 4.02%, providing investors with a steady income stream.

Cons

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

  • The business's revenue was down 17.0% on a year-over-year basis, indicating a decline in top-line growth.
  • The company's payout ratio is currently 40.64%, which may limit future dividend growth or reinvestment in the business.
  • Insiders have been selling company stock in the last 90 days, which could be perceived as a lack of confidence in the company's prospects.
  • Public Service Enterprise Group faces regulatory risks as an energy company, subject to changing government policies and regulations.
  • While the stock has a dividend yield, its stock price performance may be impacted by interest rate changes or market volatility.














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 5 hold ratings and 5 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 brokerages have issued 1-year price objectives for Public Service Enterprise Group's shares. Their PEG share price targets range from $60.00 to $70.00. On average, they expect the company's stock price to reach $63.95 in the next twelve months. This suggests a possible upside of 2.7% 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 at the start of the year. Since then, PEG stock has increased by 1.8% and is now trading at $62.24.
View the best growth stocks for 2024 here
.

Are investors shorting Public Service Enterprise Group?

Public Service Enterprise Group saw a decline in short interest in January. As of January 31st, there was short interest totaling 6,210,000 shares, a decline of 9.5% from the January 15th total of 6,860,000 shares. Based on an average daily trading volume, of 2,920,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.3% of the company's shares are sold short.
View Public Service Enterprise Group's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our PEG earnings forecast
.

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

Public Service Enterprise Group Incorporated (NYSE:PEG) released its earnings results on Monday, February, 26th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. The utilities provider had revenue of $2.61 billion for the quarter, compared to the consensus estimate 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 firm's revenue was down 17.0% on a year-over-year basis. 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 declared a quarterly dividend on Tuesday, February 13th. Investors 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 3.86%. 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 $2.28 per share and currently has a dividend yield of 3.66%. 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 44.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PEG will have a dividend payout ratio of 56.72% 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 issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.16%), Legal & General Group Plc (1.53%), Northern Trust Corp (1.19%), Capital World Investors (1.15%), Capital Research Global Investors (0.95%) and Goldman Sachs Group Inc. (0.77%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PEG) was last updated on 3/3/2024 by MarketBeat.com Staff