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

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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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.
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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.
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ETFs with the largest weight of Public Service Enterprise Group (NYSE:PEG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR), Virtus Reaves Utilities ETF (UTES), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Utilities Select Sector SPDR Fund (XLU), First Trust EIP Carbon Impact ETF (ECLN), Vanguard Utilities ETF (VPU), Fidelity MSCI Utilities Index ETF (FUTY) and iShares U.S. Utilities ETF (IDU).

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.

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.

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.

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).

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 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.
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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.
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One share of PEG stock can currently be purchased for approximately $59.88.

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.

The company employs 12,525 workers across the globe.

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.