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

Public Service Enterprise Group's stock was trading at $48.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PEG shares have increased by 13.8% and is now trading at $55.46.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Public Service Enterprise Group is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Public Service Enterprise Group.

Public Service Enterprise Group Inc. (NYSE:PEG) announced its quarterly earnings data on Friday, July, 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. The utilities provider had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.34 billion. Public Service Enterprise Group had a net margin of 18.09% and a return on equity of 11.52%. Public Service Enterprise Group's revenue was down 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share.
View Public Service Enterprise Group's earnings history.

Public Service Enterprise Group announced a quarterly dividend on Tuesday, July 21st. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.49 per share on Wednesday, September 30th. This represents a $1.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, September 8th.
View Public Service Enterprise Group's dividend history.

Public Service Enterprise Group updated its FY20 earnings guidance on Friday, July, 31st. The company provided earnings per share (EPS) guidance of $3.30-3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.35.

14 brokerages have issued twelve-month price objectives for Public Service Enterprise Group's stock. Their forecasts range from $53.00 to $75.00. On average, they anticipate Public Service Enterprise Group's share price to reach $61.54 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
View analysts' price targets for Public Service Enterprise Group.

Headlines about PEG stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Public Service Enterprise Group earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned media coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Public Service Enterprise Group.

Public Service Enterprise Group saw a decline in short interest in June. As of June 30th, there was short interest totaling 5,700,000 shares, a decline of 18.6% from the June 15th total of 7,000,000 shares. Based on an average daily trading volume, of 2,730,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.1% of the company's stock are short sold.
View Public Service Enterprise Group's Short Interest.

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), Alliant Energy (LNT), CenterPoint Energy (CNP), NiSource (NI), Mdu Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) 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 Verizon Communications (VZ), AT&T (T), Johnson & Johnson (JNJ), Pfizer (PFE), Exxon Mobil (XOM), Cisco Systems (CSCO), Intel (INTC), Procter & Gamble (PG), AbbVie (ABBV) and Chevron (CVX).

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 many different retail and institutional investors. Top institutional investors include Nordea Investment Management AB (2.65%), Goldman Sachs Group Inc. (0.91%), Bank of New York Mellon Corp (0.88%), California Public Employees Retirement System (0.84%), LSV Asset Management (0.65%) and FMR LLC (0.51%). 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.

PEG stock was sold by a variety of institutional investors in the last quarter, including Unigestion Holding SA, AJO LP, Ceredex Value Advisors LLC, Pendal Group Ltd, AMF Pensionsforsakring AB, Robeco Institutional Asset Management B.V., WINTON GROUP Ltd, and CIBC Asset Management Inc. 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, and Rose M Chernick.
View insider buying and selling activity for Public Service Enterprise Group.

PEG stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, LSV Asset Management, Federated Hermes Inc., FMR LLC, Prudential Financial Inc., Hamlin Capital Management LLC, Raymond James & Associates, and Bank of Nova Scotia.
View insider buying and selling activity for 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.

One share of PEG stock can currently be purchased for approximately $55.46.

Public Service Enterprise Group has a market capitalization of $28.05 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.

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

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.