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NYSE:PEG

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

$59.88
+0.66 (+1.11%)
(As of 03/28/2023 12:00 AM ET)
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Compare
Today's Range
$59.03
$60.45
50-Day Range
$56.36
$62.23
52-Week Range
$52.51
$75.61
Volume
2.05 million shs
Average Volume
2.47 million shs
Market Capitalization
$29.87 billion
P/E Ratio
29.07
Dividend Yield
3.81%
Price Target
$66.56

Public Service Enterprise Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
11.1% Upside
$66.56 Price Target
Short Interest
Healthy
0.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.72mentions of Public Service Enterprise Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$409,461 Sold Last Quarter
Proj. Earnings Growth
7.00%
From $3.43 to $3.67 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

18th out of 85 stocks

Electric & Other Services Combined Industry

2nd out of 19 stocks


PEG stock logo

About Public Service Enterprise Group (NYSE:PEG) Stock

Public Service Enterprise Group, Inc. is an energy company, which engages in the business of regulated electric and gas utility, and nuclear generation. Its products and services include energy, capacity, ancillary services, and emissions allowances and congestion credits. The firm operates through the Public Service Electric and Gas Company (PSE&G) and PSEG Power segments. The PSE&G segment focuses on the transmission of electricity and distribution of electricity and natural gas. The PSEG Power segment wholesales energy, fuel supply, and energy transacting functions. The company was founded in 1903 and is headquartered in Newark, NJ.

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PEG Stock News Headlines

Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Why Is PSEG (PEG) Down 6% Since Last Earnings Report?
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Public Service Enterprise $PEG Technical Data
PSEG 2023 Investor Conference to be Held on March 10
Q4 2022 Public Service Enterprise Group Inc Earnings Call
PSEG INCREASES 2023 COMMON STOCK DIVIDEND
See More Headlines
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PEG Company Calendar

Ex-Dividend for 12/30 Dividend
12/08/2022
Dividend Payable
12/30/2022
Last Earnings
2/21/2023
Ex-Dividend for 3/31 Dividend
3/09/2023
Today
3/28/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
74457310
Employees
12,525
Year Founded
1903

Price Target and Rating

Average Stock Price Forecast
$66.56
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+11.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
10.22%

Debt

Sales & Book Value

Annual Sales
$9.80 billion
Cash Flow
$6.28 per share
Book Value
$27.52 per share

Miscellaneous

Free Float
495,927,000
Market Cap
$29.87 billion
Optionable
Optionable
Beta
0.55

Social Links


Key Executives

  • Ralph A. LaRossaRalph A. LaRossa
    Chairman, President & Chief Executive Officer
  • Daniel J. CreggDaniel J. Cregg
    Chief Financial Officer & Executive Vice President
  • Zeeshan Sheikh
    Chief Information & Digital Officer
  • M. Courtney McCormick
    Chief Risk, Audit & Compliance Officer
  • Tamara Louise LindeTamara Louise Linde
    Executive Vice President & General Counsel













PEG Stock - Frequently Asked Questions

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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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?

9 Wall Street research analysts have issued 12 month price targets for Public Service Enterprise Group's shares. Their PEG share price forecasts range from $60.00 to $76.00. On average, they predict the company's share price to reach $66.56 in the next year. This suggests a possible upside of 11.1% 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 2023?

Public Service Enterprise Group's stock was trading at $61.27 at the beginning of the year. Since then, PEG stock has decreased by 2.3% and is now trading at $59.88.
View the best growth stocks for 2023 here
.

Are investors shorting Public Service Enterprise Group?

Public Service Enterprise Group saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 4,450,000 shares, a drop of 17.9% from the February 28th total of 5,420,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.9% of the company's shares are sold short.
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 Tuesday, May 2nd 2023.
View our PEG earnings forecast
.

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

Public Service Enterprise Group Incorporated (NYSE:PEG) posted its quarterly earnings results on Tuesday, February, 21st. The utilities provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The utilities provider earned $3.14 billion during the quarter, compared to the consensus estimate of $2.54 billion. Public Service Enterprise Group had a net margin of 10.52% and a trailing twelve-month return on equity of 12.88%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 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 Tuesday, February 14th. Shareholders of record on Friday, March 10th will be paid a dividend of $0.57 per share on Friday, March 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from the stock's previous quarterly dividend of $0.54.
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 $2.28 per share and currently has a dividend yield of 3.88%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 110.68%. 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 62.13% 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 FY23 earnings guidance on Thursday, March, 9th. The company provided earnings per share guidance of $3.40-3.50 for the period, compared to the consensus estimate of $3.46.

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 number of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (3.94%), Geode Capital Management LLC (2.01%), Legal & General Group Plc (1.35%), Nordea Investment Management AB (1.17%), Morgan Stanley (1.02%) and T. Rowe Price Investment Management Inc. (0.90%). Insiders that own company stock include Daniel J Cregg, Daniel J Cregg, Edward S Lampert, Eric Carr, 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 $59.88.

How much money does Public Service Enterprise Group make?

Public Service Enterprise Group (NYSE:PEG) has a market capitalization of $29.87 billion and generates $9.80 billion in revenue each year. The utilities provider earns $1.03 billion in net income (profit) each year or $2.06 on an earnings per share basis.

How many employees does Public Service Enterprise Group have?

The company employs 12,525 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 3/28/2023 by MarketBeat.com Staff