NYSE:PEGPublic Service Enterprise Group Stock Price, Forecast & News

Public Service Enterprise Group's stock was trading at $48.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PEG shares have increased by 2.8% and is now trading at $50.11. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Public Service Enterprise Group.

Public Service Enterprise Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Public Service Enterprise Group.

Public Service Enterprise Group Inc. (NYSE:PEG) announced its earnings results on Monday, May, 4th. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. The utilities provider had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.25 billion. Public Service Enterprise Group had a net margin of 14.59% and a return on equity of 10.92%. The firm's quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. View Public Service Enterprise Group's earnings history.

Public Service Enterprise Group announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.49 per share on Tuesday, June 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Monday, June 8th. View Public Service Enterprise Group's dividend history.

Public Service Enterprise Group updated its FY20 earnings guidance on Monday, May, 4th. The company provided earnings per share (EPS) guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.36.

13 equities research analysts have issued 1 year target prices for Public Service Enterprise Group's stock. Their forecasts range from $53.00 to $75.00. On average, they anticipate Public Service Enterprise Group's share price to reach $60.50 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price. View analysts' price targets for Public Service Enterprise Group.

Headlines about PEG stock have been trending somewhat negative on Friday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Public Service Enterprise Group earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Public Service Enterprise Group.

Public Service Enterprise Group saw a increase in short interest in June. As of June 15th, there was short interest totaling 7,240,000 shares, an increase of 6.6% from the May 31st total of 6,790,000 shares. Based on an average daily volume of 3,620,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.4% of the shares of the company are short sold. View Public Service Enterprise Group's Current Options Chain.

Some companies that are related to Public Service Enterprise Group include Dominion Energy (D), Sempra Energy (SRE), WEC Energy Group (WEC), Consolidated Edison (ED), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), Alliant Energy (LNT), CenterPoint Energy (CNP), NiSource (NI), PG&E (PCG), Mdu Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Public Service Enterprise Group investors own include Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Procter & Gamble (PG), Pfizer (PFE), Exxon Mobil (XOM), Intel (INTC), Cisco Systems (CSCO), Merck & Co., Inc. (MRK) and AbbVie (ABBV).

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

Shares of PEG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PEG stock can currently be purchased for approximately $50.11.

Public Service Enterprise Group has a market capitalization of $25.34 billion and generates $10.08 billion in revenue each year. The utilities provider earns $1.69 billion in net income (profit) each year or $3.28 on an earnings per share basis. Public Service Enterprise Group employs 12,992 workers across the globe.

The official website for Public Service Enterprise Group is www.pseg.com.

Public Service Enterprise Group's mailing address is 80 PARK PLAZA, NEWARK NJ, 07102. The utilities provider can be reached via phone at 973-430-7000.