Public Service Enterprise Group - PEG Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PEG shares.
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11 analysts have issued twelve-month target prices for Public Service Enterprise Group's shares. Their PEG share price forecasts range from $59.00 to $76.00. On average, they anticipate the company's stock price to reach $68.08 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
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Public Service Enterprise Group's stock was trading at $66.73 at the start of the year. Since then, PEG shares have decreased by 12.6% and is now trading at $58.29.
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Public Service Enterprise Group saw a drop in short interest in October. As of October 31st, there was short interest totaling 3,790,000 shares, a drop of 36.1% from the October 15th total of 5,930,000 shares. Based on an average daily volume of 2,930,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Public Service Enterprise Group Incorporated (NYSE:PEG) posted its quarterly earnings data on Monday, October, 31st. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The utilities provider had revenue of $2.27 billion for the quarter, compared to analyst estimates of $1.98 billion. Public Service Enterprise Group had a trailing twelve-month return on equity of 12.96% and a net margin of 7.08%. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS.
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Public Service Enterprise Group declared a quarterly dividend on Monday, November 14th. Investors of record on Friday, December 9th will be given a dividend of $0.54 per share on Friday, December 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, December 8th.
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Public Service Enterprise Group (NYSE:PEG) pays an annual dividend of $2.16 per share and currently has a dividend yield of 3.70%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 158.82%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PEG will have a dividend payout ratio of 60.85% next year. This indicates that the company will be able to sustain or increase its dividend.
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Public Service Enterprise Group issued an update on its FY 2022 earnings guidance on Monday, November, 7th. The company provided earnings per share guidance of $3.40-$3.50 for the period, compared to the consensus earnings per share estimate of $3.47. 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.91%), Vanguard Group Inc. (8.89%), State Street Corp (6.33%), Bank of New York Mellon Corp (1.23%), Massachusetts Financial Services Co. MA (0.88%) and Pictet Asset Management SA (0.78%). Insiders that own company stock include Daniel J Cregg, Daniel J Cregg, Edward S Lampert, 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 $58.29.

Public Service Enterprise Group (NYSE:PEG) has a market capitalization of $29.08 billion and generates $9.72 billion in revenue each year. The utilities provider earns $-648,000,000.00 in net income (profit) each year or $1.36 on an earnings per share basis.

The company employs 12,684 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.