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NYSE:PEG

Public Service Enterprise Group Stock Forecast, Price & News

$51.33
-0.91 (-1.74 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$51.04
Now: $51.33
$52.48
50-Day Range
$51.00
MA: $53.61
$55.94
52-Week Range
$34.75
Now: $51.33
$63.88
Volume3.65 million shs
Average Volume2.96 million shs
Market Capitalization$25.96 billion
P/E Ratio15.01
Dividend Yield3.75%
Beta0.54
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and 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 to customers. As of December 31, 2018, it had electric transmission and distribution system of 24,000 circuit miles and 855,000 poles; and 18,000 miles of gas mains, 12 gas distribution headquarters, 2 sub-headquarters, and 1 meter shop. This segment also owns and operates 52 switching stations with an aggregate installed capacity of 37,378 megavolt-amperes (MVA), as well as 244 substations with an aggregate installed capacity of 8,228 MVA; and 4 electric distribution headquarters and 5 sub-headquarters, as well as 58 natural gas metering and regulating stations. The Power segment operates nuclear, coal, gas, oil-fired, solar, and renewable generation facilities. As of December 31, 2018, it had an installed fossil and nuclear generating capacity of approximately 11,458 megawatts. Public Service Enterprise Group Incorporated was founded in 1985 and is headquartered in Newark, New Jersey.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.99 out of 5 stars


Industry, Sector and Symbol

Industry Electric & other services combined
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP74457310
Phone973-430-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.08 billion
Cash Flow$6.20 per share
Book Value$29.84 per share

Profitability

Net Income$1.69 billion

Miscellaneous

Employees12,992
Market Cap$25.96 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$51.33
-0.91 (-1.74 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Public Service Enterprise Group (NYSE:PEG) Frequently Asked Questions

How has Public Service Enterprise Group's stock price been impacted by COVID-19?

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 5.3% and is now trading at $51.33.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Public Service Enterprise Group?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Public Service Enterprise Group
.

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

Public Service Enterprise Group is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Public Service Enterprise Group
.

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

Public Service Enterprise Group Inc. (NYSE:PEG) announced its quarterly earnings data on Friday, July, 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.60 by $0.19. The utilities provider earned $2.05 billion during the quarter, compared to the consensus estimate of $2.34 billion. Public Service Enterprise Group had a return on equity of 11.52% and a net margin of 18.09%. The firm's revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share.
View Public Service Enterprise Group's earnings history
.

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, July 21st. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.49 per share on Wednesday, September 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Tuesday, September 8th.
View Public Service Enterprise Group's dividend history
.

What guidance has Public Service Enterprise Group issued on next quarter's earnings?

Public Service Enterprise Group updated its FY20 earnings guidance on Friday, July, 31st. The company provided EPS guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.35.

What price target have analysts set for PEG?

14 Wall Street analysts have issued twelve-month price objectives for Public Service Enterprise Group's stock. Their forecasts range from $53.00 to $75.00. On average, they expect Public Service Enterprise Group's share price to reach $61.85 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price.
View analysts' price targets for Public Service Enterprise Group
.

Are investors shorting Public Service Enterprise Group?

Public Service Enterprise Group saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,360,000 shares, a decline of 11.4% from the August 15th total of 6,050,000 shares. Based on an average trading volume of 2,300,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.1% of the shares of the stock are short sold.
View Public Service Enterprise Group's Short Interest
.

Who are some of Public Service Enterprise Group's key competitors?

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 Verizon Communications (VZ), AT&T (T), Johnson & Johnson (JNJ), Pfizer (PFE), Exxon Mobil (XOM), Cisco Systems (CSCO), Intel (INTC), Procter & Gamble (PG), AbbVie (ABBV) and Chevron (CVX).

Who are Public Service Enterprise Group's key executives?

Public Service Enterprise Group's management team includes the following people:
  • Dr. Ralph Izzo Ph.D., Chairman, Pres & CEO (Age 61)
  • Mr. Daniel J. Cregg, Exec. VP & CFO (Age 55)
  • Ms. Tamara Louise Linde, Exec. VP & Gen. Counsel (Age 54)
  • Mr. Ralph A. LaRossa, Pres & COO of PSEG Company (Age 56)
  • Mr. David M. Daly, Chairman of PSEG Long Island, Pres and COO of PSE&G (Age 57)

What is Public Service Enterprise Group's stock symbol?

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

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 investors include BlackRock Inc. (9.88%), Vanguard Group Inc. (8.49%), Nordea Investment Management AB (2.65%), Goldman Sachs Group Inc. (0.91%), Bank of New York Mellon Corp (0.88%) and California Public Employees Retirement System (0.84%). Company insiders that own Public Service Enterprise Group stock include Daniel J Cregg, Derek M Dirisio, Ralph A Larossa, Ralph Izzo, Rose M Chernick, Stuart J Black and Tamara Louise Linde.
View institutional ownership trends for Public Service Enterprise Group
.

Which institutional investors are selling Public Service Enterprise Group stock?

PEG stock was sold by a variety of institutional investors in the last quarter, including Unigestion Holding SA, AJO LP, AQR Capital Management LLC, Ceredex Value Advisors LLC, Vanguard Group Inc., Man Group plc, Nuveen Asset Management LLC, and Pendal Group Ltd. Company insiders that have sold Public Service Enterprise Group company stock in the last year include Daniel J Cregg, Ralph A Larossa, and Rose M Chernick.
View insider buying and selling activity for Public Service Enterprise Group
.

Which institutional investors are buying Public Service Enterprise Group stock?

PEG stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, BlackRock Inc., LSV Asset Management, Federated Hermes Inc., FMR LLC, Prudential Financial Inc., Hamlin Capital Management LLC, and Raymond James & Associates.
View insider buying and selling activity for Public Service Enterprise Group
.

How do I buy shares of Public Service Enterprise Group?

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.

What is Public Service Enterprise Group's stock price today?

One share of PEG stock can currently be purchased for approximately $51.33.

How big of a company is Public Service Enterprise Group?

Public Service Enterprise Group has a market capitalization of $25.96 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.

What is Public Service Enterprise Group's official website?

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

How can I contact Public Service Enterprise Group?

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.

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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