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NYSE:PEG

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

$68.81
+0.02 (+0.03%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$68.43
$69.16
50-Day Range
$59.00
$68.83
52-Week Range
$58.19
$75.61
Volume
1.89 million shs
Average Volume
2.64 million shs
Market Capitalization
$34.33 billion
P/E Ratio
N/A
Dividend Yield
3.14%
Price Target
$69.73

Public Service Enterprise Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
1.3% Upside
$69.73 Price Target
Short Interest
Healthy
1.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.34mentions of Public Service Enterprise Group in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$2.13 M Sold Last Quarter
Proj. Earnings Growth
3.45%
From $3.48 to $3.60 Per Share

Overall MarketRank

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

1.86 out of 5 stars

Utilities Sector

81st out of 93 stocks

Electric & Other Services Combined Industry

22nd out of 24 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.

Public Service Enterprise Group Price Performance

Public Service Enterprise Group stock traded down $0.05 during midday trading on Wednesday, hitting $68.74. The stock had a trading volume of 52,812 shares, compared to its average volume of 2,545,735. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 1.23. Public Service Enterprise Group has a 12 month low of $58.19 and a 12 month high of $75.61. The business has a fifty day moving average price of $63.01 and a 200 day moving average price of $66.44.

Public Service Enterprise Group (NYSE:PEG - Get Rating) last issued its earnings results on Tuesday, August 2nd. The utilities provider reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). Public Service Enterprise Group had a negative net margin of 10.59% and a positive return on equity of 13.25%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The business's revenue was up 10.8% on a year-over-year basis. On average, sell-side analysts expect that Public Service Enterprise Group will post 3.48 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, September 8th. This represents a $2.16 annualized dividend and a dividend yield of 3.14%. Public Service Enterprise Group's dividend payout ratio is presently -110.20%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PEG. StockNews.com downgraded Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Saturday. Mizuho dropped their price target on Public Service Enterprise Group from $73.00 to $68.00 and set a "buy" rating for the company in a research report on Tuesday, July 12th. Credit Suisse Group raised their price target on Public Service Enterprise Group to $69.00 in a research report on Tuesday, August 9th. Morgan Stanley dropped their price target on Public Service Enterprise Group from $83.00 to $82.00 and set an "overweight" rating for the company in a research report on Monday, May 23rd. Finally, Barclays dropped their price target on Public Service Enterprise Group from $75.00 to $66.00 and set an "equal weight" rating for the company in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Public Service Enterprise Group currently has an average rating of "Moderate Buy" and an average target price of $69.73.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph Izzo sold 9,883 shares of the business's stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $64.15, for a total transaction of $633,994.45. Following the completion of the transaction, the chief executive officer now directly owns 447,656 shares in the company, valued at $28,717,132.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Public Service Enterprise Group news, CEO Ralph Izzo sold 9,883 shares of the company's stock in a transaction on Friday, July 1st. The stock was sold at an average price of $64.15, for a total value of $633,994.45. Following the transaction, the chief executive officer now owns 447,656 shares of the company's stock, valued at $28,717,132.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Ralph A. Larossa sold 1,054 shares of the company's stock in a transaction on Monday, August 1st. The stock was sold at an average price of $65.76, for a total transaction of $69,311.04. Following the completion of the transaction, the chief operating officer now directly owns 61,259 shares in the company, valued at $4,028,391.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,357 shares of company stock worth $2,133,525. Company insiders own 0.55% of the company's stock.

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PEG Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Can You Dig It? Only if You Call 811 Before Starting
Do What You Can To Serve Every Day
Public Service Enterprise Group Inc Q2 Earnings Summary
PSEG ANNOUNCES 2022 SECOND QUARTER RESULTS
Summer of Scams: Learn the Telltale Signs
Celebrating PSEG's Interns
See More Headlines
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PEG Company Calendar

Ex-Dividend for 6/30 Dividend
6/08/2022
Dividend Payable
6/30/2022
Last Earnings
8/02/2022
Today
8/17/2022
Ex-Dividend for 9/30 Dividend
9/08/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

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
$69.73
High Stock Price Forecast
$82.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+1.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$-648,000,000.00
Pretax Margin
-17.88%

Debt

Sales & Book Value

Annual Sales
$9.72 billion
Cash Flow
$6.71 per share
Book Value
$26.92 per share

Miscellaneous

Free Float
496,116,000
Market Cap
$34.33 billion
Optionable
Optionable
Beta
0.55

Social Links















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 4 hold ratings and 7 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 2022?

11 Wall Street analysts have issued 12 month target prices for Public Service Enterprise Group's shares. Their PEG share price forecasts range from $64.00 to $82.00. On average, they predict the company's share price to reach $69.73 in the next year. This suggests a possible upside of 1.3% 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 increased by 3.1% and is now trading at $68.81.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our PEG earnings forecast
.

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

Public Service Enterprise Group Incorporated (NYSE:PEG) posted its earnings results on Tuesday, August, 2nd. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by $0.01. The utilities provider earned $2.08 billion during the quarter, compared to analysts' expectations of $1.78 billion. Public Service Enterprise Group had a negative net margin of 10.59% and a positive trailing twelve-month return on equity of 13.25%. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.70 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 declared a quarterly dividend on Wednesday, July 20th. Investors of record on Friday, September 9th will be given a dividend of $0.54 per share on Friday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, September 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 3.14%.
Read our dividend analysis for PEG.

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

Public Service Enterprise Group updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $3.35-$3.55 for the period, compared to the consensus earnings per share estimate of $3.48. 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 retail and institutional investors. Top institutional investors include State Street Corp (6.26%), Northern Trust Corp (1.22%), FMR LLC (1.06%), ClearBridge Investments Ltd (0.98%), Massachusetts Financial Services Co. MA (0.84%) and Nordea Investment Management AB (0.81%). Insiders that own company stock include Daniel J Cregg, Daniel J Cregg, Derek M Dirisio, 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 $68.81.

How much money does Public Service Enterprise Group make?

Public Service Enterprise Group (NYSE:PEG) has a market capitalization of $34.33 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 ($1.96) on an earnings per share basis.

How many employees does Public Service Enterprise Group have?

The company employs 12,684 workers across the globe.

When was Public Service Enterprise Group founded?

Public Service Enterprise Group was founded in 1903.

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 8/17/2022 by MarketBeat.com Staff

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