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 9.8% and is now trading at $53.51.
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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."
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Public Service Enterprise Group is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Public Service Enterprise Group Inc. (NYSE:PEG) posted its quarterly earnings data on Friday, July, 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. The utilities provider had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.34 billion. Public Service Enterprise Group had a net margin of 18.09% and a return on equity of 11.52%. The business's revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share.
View Public Service Enterprise Group's earnings history.

Public Service Enterprise Group announced 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 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, September 8th.
View Public Service Enterprise Group's dividend history.

Public Service Enterprise Group issued an update on 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.

14 analysts have issued 12 month price targets 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 stock price to reach $61.54 in the next year. This suggests a possible upside of 15.0% from the stock's current price.
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News coverage about PEG stock has trended negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Public Service Enterprise Group earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Public Service Enterprise Group.

Public Service Enterprise Group saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,410,000 shares, an increase of 12.5% from the July 15th total of 5,700,000 shares. Based on an average trading volume of 2,650,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.3% of the company's stock 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), PG&E (PCG), Alliant Energy (LNT), CenterPoint Energy (CNP), NiSource (NI), Mdu Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA).
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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."

Public Service Enterprise Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include LSV Asset Management (0.65%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), Swiss National Bank (0.39%), First Trust Advisors LP (0.29%), Hamlin Capital Management LLC (0.19%) and Robeco Institutional Asset Management B.V. (0.19%). 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.

PEG stock was sold by a variety of institutional investors in the last quarter, including Unigestion Holding SA, Robeco Institutional Asset Management B.V., WINTON GROUP Ltd, CIBC Asset Management Inc, Hartford Investment Management Co., Dalton Greiner Hartman Maher & Co., Zurcher Kantonalbank Zurich Cantonalbank, and Arizona State Retirement System. Company insiders that have sold Public Service Enterprise Group company stock in the last year include Daniel J Cregg, Derek M Dirisio, Ralph A Larossa, and Rose M Chernick.
View insider buying and selling activity for Public Service Enterprise Group.

PEG stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, Hamlin Capital Management LLC, Raymond James & Associates, Envestnet Asset Management Inc., Strs Ohio, Ledyard National Bank, Russell Investments Group Ltd., and First Trust Advisors LP.
View insider buying and selling activity for 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.

One share of PEG stock can currently be purchased for approximately $53.51.

Public Service Enterprise Group has a market capitalization of $27.06 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.