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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PEG shares.
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10 brokerages have issued twelve-month price targets for Public Service Enterprise Group's shares. Their PEG share price forecasts range from $64.00 to $81.00. On average, they expect the company's share price to reach $70.60 in the next twelve months. This suggests a possible upside of 24.6% from the stock's current price.
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Public Service Enterprise Group's stock was trading at $66.73 at the beginning of 2022. Since then, PEG stock has decreased by 15.1% and is now trading at $56.66.
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Public Service Enterprise Group saw a decrease in short interest in August. As of August 31st, there was short interest totaling 5,370,000 shares, a decrease of 24.8% from the August 15th total of 7,140,000 shares. Based on an average trading volume of 2,740,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Public Service Enterprise Group Incorporated (NYSE:PEG) released its earnings results on Tuesday, August, 2nd. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by $0.01. The utilities provider had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $1.78 billion. Public Service Enterprise Group had a negative net margin of 10.59% and a positive trailing twelve-month return on equity of 13.25%. Public Service Enterprise Group's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 EPS.
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Public Service Enterprise Group announced a quarterly dividend on Wednesday, July 20th. Investors of record on Friday, September 9th will be paid a dividend of $0.54 per share on Friday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, September 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 3.69%.
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Public Service Enterprise Group updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $3.35-$3.55 for the period, compared to the consensus earnings per share estimate of $3.48. 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 Legacy Private Trust Co. (0.02%), First National Bank of Mount Dora Trust Investment Services (0.02%), Martin Capital Partners LLC (0.02%), Fulton Bank N.A. (0.01%), Bowling Portfolio Management LLC (0.00%) and M&R Capital Management Inc. (0.00%). 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 $56.66.

Public Service Enterprise Group (NYSE:PEG) has a market capitalization of $28.27 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 ($1.96) 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.