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NFLX   308.42 (+0.94%)
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NYSE:PEG

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

$59.95
-0.65 (-1.07%)
(As of 12/7/2022 12:00 AM ET)
Add
Compare
Today's Range
$59.79
$60.65
50-Day Range
$53.48
$60.92
52-Week Range
$52.51
$75.61
Volume
2.31 million shs
Average Volume
2.80 million shs
Market Capitalization
$29.91 billion
P/E Ratio
44.08
Dividend Yield
3.56%
Price Target
$68.08

Public Service Enterprise Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
13.6% Upside
$68.08 Price Target
Short Interest
Healthy
0.79% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
-0.01mentions of Public Service Enterprise Group in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$35,156 Sold Last Quarter
Proj. Earnings Growth
2.91%
From $3.44 to $3.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Utilities Sector

9th out of 88 stocks

Electric & Other Services Combined Industry

1st out of 18 stocks

PEG stock logo

About Public Service Enterprise Group (NYSE:PEG) Stock

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 PSEG 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. As of December 31, 2021, it had electric transmission and distribution system of 25,000 circuit miles and 862,000 poles; 56 switching stations with an installed capacity of 39,353 megavolt-amperes (MVA), and 235 substations with an installed capacity of 9,285 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 58 natural gas metering and regulating stations. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.

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PEG Stock News Headlines

New Jersey Wind Port Sailing Along
Emergency Planning Tips for Loved Ones With Special Needs
Lessons From U.S. Marine Corps
Superstorm Learning Curve
KABOOM! and PSEG Build Perth Amboy Kids Dream Playground
Ralph LaRossa Honored by American Gas Association
Rebuilding and Reflecting After Superstorm Sandy
See More Headlines
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PEG Company Calendar

Ex-Dividend for 9/30 Dividend
9/08/2022
Dividend Payable
9/30/2022
Last Earnings
10/31/2022
Today
12/07/2022
Ex-Dividend for 12/30 Dividend
12/08/2022
Dividend Payable
12/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
74457310
Employees
12,684
Year Founded
1903

Price Target and Rating

Average Stock Price Forecast
$68.08
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$59.00
Forecasted Upside/Downside
+13.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$-648,000,000.00
Pretax Margin
6.48%

Debt

Sales & Book Value

Annual Sales
$9.72 billion
Cash Flow
$6.68 per share
Book Value
$28.56 per share

Miscellaneous

Free Float
496,206,000
Market Cap
$29.91 billion
Optionable
Optionable
Beta
0.58

Social Links


Key Executives

  • Dr. Ralph Izzo Ph.D. (Age 64)
    Exec. Chair of the Board
    Comp: $5.11M
  • Mr. Ralph A. LaRossaMr. Ralph A. LaRossa (Age 59)
    Pres, CEO, & Director
    Comp: $2.17M
  • Mr. Daniel J. CreggMr. Daniel J. Cregg (Age 58)
    Exec. VP & CFO
    Comp: $1.72M
  • Ms. Tamara Louise Linde Esq.Ms. Tamara Louise Linde Esq. (Age 57)
    Exec. VP & Gen. Counsel
    Comp: $1.59M
  • Mr. Zeeshan Sheikh
    Sr. VP and Chief Information & Digital Officer
  • Ms. Carlotta N. Chan
    VP of Investor Relations
  • Ms. Courtney McCormick
    Sr. VP of Audit, Enterprise Risk & Compliance
  • Ms. Karen Cleeve
    VP of Corp. Communications
  • Ms. Sheila J. Rostiac
    Sr. VP of HR, Chief HR Officer & Chief Diversity Officer
  • Mr. Richard T. Thigpen
    Sr. VP of Corp. Citizenship













PEG Stock - Frequently Asked Questions

Should I buy or sell Public Service Enterprise Group stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PEG shares.
View PEG analyst ratings
or view top-rated stocks.

What is Public Service Enterprise Group's stock price forecast for 2023?

11 analysts have issued 1-year price targets for Public Service Enterprise Group's shares. Their PEG share price forecasts range from $59.00 to $76.00. On average, they expect the company's share price to reach $68.08 in the next year. This suggests a possible upside of 13.6% from the stock's current price.
View analysts price targets for PEG
or view top-rated stocks among Wall Street analysts.

How have PEG shares performed in 2022?

Public Service Enterprise Group's stock was trading at $66.73 on January 1st, 2022. Since then, PEG shares have decreased by 10.2% and is now trading at $59.95.
View the best growth stocks for 2022 here
.

Are investors shorting Public Service Enterprise Group?

Public Service Enterprise Group saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 3,790,000 shares, a decline of 36.1% from the October 15th total of 5,930,000 shares. Based on an average trading volume of 2,930,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.8% of the shares of the company are short sold.
View Public Service Enterprise Group's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our PEG earnings forecast
.

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

Public Service Enterprise Group Incorporated (NYSE:PEG) issued its quarterly earnings results on Monday, October, 31st. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.02. The utilities provider earned $2.27 billion during the quarter, compared to analysts' expectations 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 business's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share.
Read the conference call transcript
.

How often does Public Service Enterprise Group pay dividends? What is the dividend yield for Public Service Enterprise Group?

Public Service Enterprise Group announced 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 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Thursday, December 8th.
Read our dividend analysis for PEG
.

Is Public Service Enterprise Group a good dividend stock?

Public Service Enterprise Group (NYSE:PEG) pays an annual dividend of $2.16 per share and currently has a dividend yield of 3.56%. 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 61.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PEG.

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

Public Service Enterprise Group issued an update on its FY 2022 earnings guidance on Monday, November, 7th. The company provided earnings per share (EPS) 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 -.

What is Ralph Izzo's approval rating as Public Service Enterprise Group's CEO?

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.

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 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).

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 a variety of institutional and retail 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.
View institutional ownership trends
.

How do I buy shares of Public Service Enterprise Group?

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.
Compare Top Brokerages Here.

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

One share of PEG stock can currently be purchased for approximately $59.95.

How much money does Public Service Enterprise Group make?

Public Service Enterprise Group (NYSE:PEG) has a market capitalization of $29.91 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.

How many employees does Public Service Enterprise Group have?

The company employs 12,684 workers across the globe.

How can I contact Public Service Enterprise Group?

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.

This page (NYSE:PEG) was last updated on 12/7/2022 by MarketBeat.com Staff