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

9 Wall Street equities 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 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PEG shares.
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9 equities research analysts have issued 1-year price targets for Public Service Enterprise Group's shares. Their PEG share price forecasts range from $60.00 to $76.00. On average, they predict the company's share price to reach $67.25 in the next year. This suggests a possible upside of 12.9% 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 2023. Since then, PEG shares have decreased by 2.8% and is now trading at $59.57.
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Public Service Enterprise Group saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 5,330,000 shares, an increase of 44.1% from the March 31st total of 3,700,000 shares. Based on an average daily trading volume, of 2,540,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Public Service Enterprise Group Incorporated (NYSE:PEG) announced its quarterly earnings results on Tuesday, May, 2nd. The utilities provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.18. The utilities provider earned $3.76 billion during the quarter, compared to the consensus estimate of $2.89 billion. Public Service Enterprise Group had a net margin of 20.64% and a trailing twelve-month return on equity of 12.78%. The firm's revenue for the quarter was up 62.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS.
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Public Service Enterprise Group declared a quarterly dividend on Tuesday, April 18th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.57 per share on Friday, June 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Thursday, June 8th.
Read our dividend analysis for PEG.

ETFs with the largest weight of Public Service Enterprise Group (NYSE:PEG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR), Timothy Plan Market Neutral ETF (TPMN), Virtus Reaves Utilities ETF (UTES), ClearBridge Sustainable Infrastructure ETF (INFR), Subversive Decarbonization ETF (DKRB), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Utilities Select Sector SPDR Fund (XLU) and Vanguard Utilities ETF (VPU).

Public Service Enterprise Group (NYSE:PEG) pays an annual dividend of $2.28 per share and currently has a dividend yield of 3.81%. 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 49.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PEG will have a dividend payout ratio of 61.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PEG.

Public Service Enterprise Group issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $3.40-$3.50 for the period, compared to the consensus EPS estimate of $3.44. 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.04%), State Street Corp (6.03%), JPMorgan Chase & Co. (4.67%), Geode Capital Management LLC (2.05%), Nordea Investment Management AB (1.11%) and Bank of New York Mellon Corp (1.11%). 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 $59.57.

Public Service Enterprise Group (NYSE:PEG) has a market capitalization of $29.72 billion and generates $9.80 billion in revenue each year. The utilities provider earns $1.03 billion in net income (profit) each year or $4.64 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.