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

9 Wall Street 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 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PEG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PEG, but not buy additional shares or sell existing shares.
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9 analysts have issued 1-year target prices for Public Service Enterprise Group's stock. Their PEG share price forecasts range from $59.00 to $76.00. On average, they predict the company's stock price to reach $67.20 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
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Public Service Enterprise Group's stock was trading at $61.27 on January 1st, 2023. Since then, PEG stock has decreased by 0.7% and is now trading at $60.85.
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Public Service Enterprise Group saw a increase in short interest in January. As of January 15th, there was short interest totaling 5,020,000 shares, an increase of 15.1% from the December 31st total of 4,360,000 shares. Based on an average daily trading volume, of 3,000,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.0% of the company's 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) announced its quarterly earnings data on Tuesday, November, 2nd. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. The utilities provider earned $1.90 billion during the quarter, compared to analyst estimates of $2.66 billion. Public Service Enterprise Group had a trailing twelve-month return on equity of 12.96% and a net margin of 7.08%. During the same quarter in the prior year, the company earned $0.96 EPS.
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Public Service Enterprise Group declared a quarterly dividend on Monday, November 14th. Shareholders of record on Friday, December 9th will be paid a dividend of $0.54 per share on Friday, December 30th. This represents a $2.16 dividend on an annualized basis and a yield of 3.55%. 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 3.49%. The company has been increasing its dividend for 11 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 62.97% 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 updated its FY 2022 earnings guidance on Monday, November, 7th. The company provided EPS guidance of $3.40-$3.50 for the period, compared to the consensus 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 institutional and retail investors. Top institutional shareholders include Hamlin Capital Management LLC (0.39%), Pendal Group Ltd (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), New York State Common Retirement Fund (0.12%), Bank of Montreal Can (0.11%) and New York State Teachers Retirement System (0.10%). 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 $60.85.

Public Service Enterprise Group (NYSE:PEG) has a market capitalization of $30.36 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.