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

12 Wall Street equities 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PEG shares.
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12 brokers have issued twelve-month price targets for Public Service Enterprise Group's shares. Their PEG share price forecasts range from $60.50 to $70.00. On average, they anticipate the company's share price to reach $65.46 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price.
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Public Service Enterprise Group's stock was trading at $61.27 at the beginning of the year. Since then, PEG stock has decreased by 5.5% and is now trading at $57.90.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
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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.

Public Service Enterprise Group Incorporated (NYSE:PEG) released its earnings results on Tuesday, August, 1st. The utilities provider reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. The utilities provider had revenue of $2.42 billion for the quarter, compared to analyst estimates 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 company's revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS.
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Public Service Enterprise Group declared a quarterly dividend on Monday, July 17th. Investors 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 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, September 7th.
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ETFs with the largest weight of Public Service Enterprise Group (NYSE:PEG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR), ClearBridge Sustainable Infrastructure ETF (INFR), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), First Trust Utilities AlphaDEX Fund (FXU), Utilities Select Sector SPDR Fund (XLU), Vanguard Utilities ETF (VPU) and Fidelity MSCI Utilities Index ETF (FUTY).

Public Service Enterprise Group (NYSE:PEG) pays an annual dividend of $2.28 per share and currently has a dividend yield of 3.78%. 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.
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Public Service Enterprise Group updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $3.40-$3.50 for the period, compared to the consensus estimate of $3.45. The company issued revenue guidance of -.

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.

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).

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

Public Service Enterprise Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.76%), JPMorgan Chase & Co. (6.47%), State Street Corp (6.10%), Geode Capital Management LLC (2.14%), Capital Research Global Investors (2.09%) and Northern Trust Corp (1.20%). 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.
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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.
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One share of PEG stock can currently be purchased for approximately $57.90.

Public Service Enterprise Group (NYSE:PEG) has a market capitalization of $28.90 billion and generates $9.80 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.

The company employs 12,525 workers across the globe.

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.