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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PEG shares have increased by 14.0% and is now trading at $55.59.
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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) issued its quarterly earnings data on Friday, July, 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. The utilities provider earned $2.05 billion during the quarter, compared to analyst estimates of $2.34 billion. Public Service Enterprise Group had a net margin of 18.09% and a return on equity of 11.52%. The business's revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share.
View Public Service Enterprise Group's earnings history.

Public Service Enterprise Group declared a quarterly dividend on Tuesday, July 21st. Shareholders 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 annualized dividend and a yield of 3.53%. The ex-dividend date 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 estimate of $3.35.

14 analysts have issued 1 year price targets for Public Service Enterprise Group's shares. Their forecasts range from $53.00 to $75.00. On average, they expect Public Service Enterprise Group's stock price to reach $61.54 in the next twelve months. This suggests a possible upside of 10.7% from the stock's current price.
View analysts' price targets for Public Service Enterprise Group.

Headlines about PEG stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Public Service Enterprise Group earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave news articles about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days.
View the latest news about Public Service Enterprise Group.

Public Service Enterprise Group saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,410,000 shares, an increase of 12.5% from the July 15th total of 5,700,000 shares. Based on an average daily trading volume, of 2,650,000 shares, the short-interest ratio is presently 2.4 days. Currently, 1.3% of the shares of the stock are sold short.
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 a number of institutional and retail investors. Top institutional investors include California Public Employees Retirement System (0.84%), LSV Asset Management (0.65%), Prudential Financial Inc. (0.48%), Duff & Phelps Investment Management Co. (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.40%) and Swiss National Bank (0.39%). 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, Ceredex Value Advisors LLC, Pendal Group Ltd, Robeco Institutional Asset Management B.V., WINTON GROUP Ltd, CIBC Asset Management Inc, Hartford Investment Management Co., and Macquarie Group Ltd.. 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 LSV Asset Management, Prudential Financial Inc., Hamlin Capital Management LLC, Raymond James & Associates, Bank of Nova Scotia, Jennison Associates LLC, Envestnet Asset Management Inc., and Strs Ohio.
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 $55.59.

Public Service Enterprise Group has a market capitalization of $28.11 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.