Public Service Enterprise Group Stock Forecast, Price & News

11 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 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Public Service Enterprise Group stock.
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Public Service Enterprise Group saw a drop in short interest in the month of May. As of May 28th, there was short interest totaling 4,690,000 shares, a drop of 26.1% from the May 13th total of 6,350,000 shares. Based on an average daily trading volume, of 2,020,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.9% of the company's shares are sold short.
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Public Service Enterprise Group is scheduled to release its next quarterly earnings announcement on Friday, July 30th 2021.
View our earnings forecast for Public Service Enterprise Group.

Public Service Enterprise Group Incorporated (NYSE:PEG) released its quarterly earnings data on Wednesday, May, 5th. The utilities provider reported $1.28 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.12 by $0.16. The utilities provider had revenue of $2.89 billion for the quarter, compared to analyst estimates of $3.25 billion. Public Service Enterprise Group had a trailing twelve-month return on equity of 11.77% and a net margin of 21.68%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS.
View Public Service Enterprise Group's earnings history.

Public Service Enterprise Group's stock was trading at $48.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PEG stock has increased by 21.7% and is now trading at $59.34.
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Public Service Enterprise Group declared a quarterly dividend on Tuesday, April 20th. Investors of record on Tuesday, June 8th will be given a dividend of $0.51 per share on Wednesday, June 30th. This represents a $2.04 annualized dividend and a yield of 3.44%. The ex-dividend date is Monday, June 7th.
View Public Service Enterprise Group's dividend history.

Public Service Enterprise Group pays an annual dividend of $2.04 per share and currently has a dividend yield of 3.44%. Public Service Enterprise Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Public Service Enterprise Group is 59.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Public Service Enterprise Group will have a dividend payout ratio of 58.96% next year. This indicates that Public Service Enterprise Group will be able to sustain or increase its dividend.
View Public Service Enterprise Group's dividend history.

Public Service Enterprise Group updated its FY 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share (EPS) guidance of 3.350-3.550 for the period, compared to the Thomson Reuters consensus estimate of $3.440. The company issued revenue guidance of -.

11 analysts have issued 12-month price targets for Public Service Enterprise Group's stock. Their forecasts range from $57.00 to $72.00. On average, they expect Public Service Enterprise Group's share price to reach $66.25 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
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203 employees have rated Public Service Enterprise Group CEO Ralph Izzo on Glassdoor.com. Ralph Izzo has an approval rating of 88% among Public Service Enterprise Group's employees.

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), PG&E (PCG), CMS Energy (CMS), CenterPoint Energy (CNP), NiSource (NI), MDU Resources Group (MDU), Black Hills (BKH) 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 AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Pfizer (PFE), Exxon Mobil (XOM), Intel (INTC), Cisco Systems (CSCO), The Procter & Gamble (PG), Chevron (CVX) 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 investors include BlackRock Inc. (10.21%), Price T Rowe Associates Inc. MD (5.97%), JPMorgan Chase & Co. (1.77%), Geode Capital Management LLC (1.73%), Nordea Investment Management AB (1.36%) and Northern Trust Corp (1.17%). Company insiders that own Public Service Enterprise Group stock include Daniel J Cregg, Derek M Dirisio, Ralph A Larossa, Ralph Izzo, Rose M Chernick 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 LSV Asset Management, Ameriprise Financial Inc., Goldman Sachs Group Inc., Prudential Financial Inc., Royal Bank of Canada, Nordea Investment Management AB, Bank of Montreal Can, and Nisa Investment Advisors LLC. Company insiders that have sold Public Service Enterprise Group company stock in the last year include Ralph A Larossa, Rose M Chernick, and Tamara Louise Linde.
View insider buying and selling activity for Public Service Enterprise Group or view top insider-selling stocks.

PEG stock was acquired by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Franklin Resources Inc., Jennison Associates LLC, BlackRock Inc., APG Asset Management N.V., Voloridge Investment Management LLC, LNZ Capital LP, and JPMorgan Chase & Co..
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Shares of PEG 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.
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One share of PEG stock can currently be purchased for approximately $59.34.

Public Service Enterprise Group has a market capitalization of $30.00 billion and generates $9.60 billion in revenue each year. The utilities provider earns $1.91 billion in net income (profit) each year or $3.43 on an earnings per share basis.

Public Service Enterprise Group employs 12,788 workers across the globe.

Public Service Enterprise Group was founded in 1903.

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

Public Service Enterprise Group is headquartered at 80 PARK PLAZA, NEWARK NJ, 07102.

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 or via email at [email protected]