NYSE:PEGPublic Service Enterprise Group Stock Price, Forecast & News

$50.67

-0.36 (-0.71 %)

(As of 05/29/2020 09:54 AM ET)

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Today's Range

$50.35

Now: $50.67▼

$51.02

50-Day Range

$44.96

MA: $49.91▼

$54.62

52-Week Range

$34.75

Now: $50.67▼

$63.88

Volume114,708 shs

Average Volume2.63 million shs

Market Capitalization$25.62 billion

P/E Ratio17.90

Dividend Yield3.93%

Beta0.59

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 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 to customers. As of December 31, 2018, it had electric transmission and distribution system of 24,000 circuit miles and 855,000 poles; and 18,000 miles of gas mains, 12 gas distribution headquarters, 2 sub-headquarters, and 1 meter shop. This segment also owns and operates 52 switching stations with an aggregate installed capacity of 37,378 megavolt-amperes (MVA), as well as 244 substations with an aggregate installed capacity of 8,228 MVA; and 4 electric distribution headquarters and 5 sub-headquarters, as well as 58 natural gas metering and regulating stations. The Power segment operates nuclear, coal, gas, oil-fired, solar, and renewable generation facilities. As of December 31, 2018, it had an installed fossil and nuclear generating capacity of approximately 11,458 megawatts. Public Service Enterprise Group Incorporated was founded in 1985 and is headquartered in Newark, New Jersey.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Public Service Enterprise Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $60.88, Public Service Enterprise Group has a potential upside of 20.2% from its current price of $50.67.
Amount of Analyst Coverage
Public Service Enterprise Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
Public Service Enterprise Group has received 430 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Public Service Enterprise Group has received 642 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Public Service Enterprise Group has received 59.89% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Public Service Enterprise Group and other stocks. Vote “Outperform” if you believe PEG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PEG will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Public Service Enterprise Group is a leading dividend payer. It pays a dividend yield of 3.93%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Public Service Enterprise Group has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Public Service Enterprise Group is 59.76 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Public Service Enterprise Group will have a dividend payout ratio of 57.65 % next year. This indicates that Public Service Enterprise Group will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Public Service Enterprise Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $63,838.00 in company stock.
Percentage Held by Insiders
Only 0.48% of the stock of Public Service Enterprise Group is held by insiders.
Percentage Held by Institutions
67.84% of the stock of Public Service Enterprise Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Public Service Enterprise Group are expected to grow by 1.80% in the coming year, from $3.34 to $3.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Public Service Enterprise Group is 17.90, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of Public Service Enterprise Group is 17.90, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 28.45.
Price to Earnings Growth Ratio
Public Service Enterprise Group has a PEG Ratio of 4.08. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Public Service Enterprise Group has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.33 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric & other services combined

Sub-IndustryMulti-Utilities

SectorUtilities

Current SymbolNYSE:PEG

Previous Symbol

CUSIP74457310

CIK788784

Webwww.pseg.com

Phone973-430-7000

Debt

Debt-to-Equity Ratio0.94

Current Ratio0.72

Quick Ratio0.57

Price-To-Earnings

Trailing P/E Ratio17.90

Forward P/E Ratio15.17

P/E Growth4.08

Sales & Book Value

Annual Sales$10.08 billion

Price / Sales2.54

Cash Flow$6.42 per share

Price / Cash Flow7.89

Book Value$30.16 per share

Price / Book1.68

Profitability

EPS (Most Recent Fiscal Year)$3.28

Net Income$1.69 billion

Net Margins14.59%

Return on Equity10.92%

Return on Assets3.47%

Miscellaneous

Employees12,992

Outstanding Shares505,630,000

Market Cap$25.62 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Public Service Enterprise Group (NYSE:PEG) Frequently Asked Questions

How has Public Service Enterprise Group's stock been impacted by COVID-19 (Coronavirus)?

Public Service Enterprise Group's stock was trading at $48.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PEG stock has increased by 3.9% and is now trading at $50.6655. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Public Service Enterprise Group?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 7 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Public Service Enterprise Group.

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

Public Service Enterprise Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Public Service Enterprise Group.

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

Public Service Enterprise Group Inc. (NYSE:PEG) announced its quarterly earnings data on Monday, May, 4th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.02. The utilities provider had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.25 billion. Public Service Enterprise Group had a net margin of 14.59% and a return on equity of 10.92%. Public Service Enterprise Group's revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. View Public Service Enterprise Group's earnings history.

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 Tuesday, April 21st. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.49 per share on Tuesday, June 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Monday, June 8th. View Public Service Enterprise Group's dividend history.

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

Public Service Enterprise Group updated its FY20 earnings guidance on Monday, May, 4th. The company provided EPS guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.36.

What price target have analysts set for PEG?

14 Wall Street analysts have issued twelve-month price objectives for Public Service Enterprise Group's shares. Their forecasts range from $53.00 to $75.00. On average, they expect Public Service Enterprise Group's share price to reach $60.88 in the next year. This suggests a possible upside of 20.2% from the stock's current price. View analysts' price targets for Public Service Enterprise Group.

Has Public Service Enterprise Group been receiving favorable news coverage?

News coverage about PEG stock has trended extremely negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news 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 media sentiment score of -4.8 on InfoTrie's scale. They also gave news articles about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutPublic Service Enterprise Group.

Are investors shorting Public Service Enterprise Group?

Public Service Enterprise Group saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,510,000 shares, a drop of 13.1% from the April 30th total of 6,340,000 shares. Based on an average daily volume of 3,800,000 shares, the short-interest ratio is currently 1.5 days. Currently, 1.1% of the shares of the company are short sold. View Public Service Enterprise Group's Current Options Chain.

Who are some of Public Service Enterprise Group's key competitors?

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), Alliant Energy (LNT), NiSource (NI), CenterPoint Energy (CNP), PG&E (PCG), Mdu Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA). View all competitors.

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 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).

Who are Public Service Enterprise Group's key executives?

Public Service Enterprise Group's management team includes the following people:

Dr. Ralph Izzo Ph.D., Chairman, Pres & CEO (Age 61)
Mr. Daniel J. Cregg, Exec. VP & CFO (Age 55)
Ms. Tamara Louise Linde, Exec. VP & Gen. Counsel (Age 54)
Mr. Ralph A. LaRossa, Pres & COO of PSEG Company (Age 56)
Mr. David M. Daly, Chairman of PSEG Long Island, Pres and COO of PSE&G (Age 57)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.28%), State Street Corp (5.74%), Capital World Investors (2.92%), Capital Research Global Investors (2.83%), Geode Capital Management LLC (1.64%) and JPMorgan Chase & Co. (1.21%). 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.

Which institutional investors are selling Public Service Enterprise Group stock?

PEG stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Two Sigma Investments LP, Janus Henderson Group PLC, Avalon Investment & Advisory, State of Tennessee Treasury Department, Capital Research Global Investors, Pictet Asset Management Ltd., and Thrivent Financial for Lutherans. 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, Ralph Izzo, and Rose M Chernick. View insider buying and selling activity for Public Service Enterprise Group.

Which institutional investors are buying Public Service Enterprise Group stock?

PEG stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Capital International Investors, Unigestion Holding SA, AQR Capital Management LLC, Bank of New York Mellon Corp, PGGM Investments, AJO LP, and State Street Corp. View insider buying and selling activity for Public Service Enterprise Group.

How do I buy shares of 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.

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

One share of PEG stock can currently be purchased for approximately $50.67.

How big of a company is Public Service Enterprise Group?

Public Service Enterprise Group has a market capitalization of $25.62 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.

What is Public Service Enterprise Group's official website?

The official website for Public Service Enterprise Group is www.pseg.com.

How can I contact Public Service Enterprise Group?

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.

This page was last updated on 5/29/2020 by MarketBeat.com Staff