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Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
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Is DraftKings A Good Bet Ahead of Q1 Earnings?
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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Best Bear Market Funds: Top 3 Investment Options to Consider
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Best Bear Market Funds: Top 3 Investment Options to Consider
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Best Bear Market Funds: Top 3 Investment Options to Consider
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
NYSE:PEG

Public Service Enterprise Group (PEG) Stock Price, News & Analysis

$66.65
+1.14 (+1.74%)
(As of 03/27/2024 ET)
Today's Range
$65.86
$66.65
50-Day Range
$56.97
$65.51
52-Week Range
$53.71
$66.65
Volume
3.38 million shs
Average Volume
3.37 million shs
Market Capitalization
$33.23 billion
P/E Ratio
12.99
Dividend Yield
3.60%
Price Target
$66.38

Public Service Enterprise Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
0.4% Downside
$66.38 Price Target
Short Interest
Healthy
1.45% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.52mentions of Public Service Enterprise Group in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$419,108 Sold Last Quarter
Proj. Earnings Growth
8.17%
From $3.67 to $3.97 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.79 out of 5 stars

Utilities Sector

9th out of 89 stocks

Electric & Other Services Combined Industry

3rd out of 18 stocks

PEG stock logo

About Public Service Enterprise Group Stock (NYSE:PEG)

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation businesses; and supplies power and natural gas to nuclear power plants and gas storage facilities activities. As of December 31, 2023, it had electric transmission and distribution system of 25,000 circuit miles and 866,600 poles; 56 switching stations with an installed capacity of 39,953 megavolt-amperes (MVA), and 235 substations with an installed capacity of 10,382 MVA; 109 MVA aggregate installed capacity for substations; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 56 natural gas metering and regulating stations; and 158 MegaWatts defined conditions of installed PV solar capacity. Public Service Enterprise Group Incorporated was founded in 1903 and is based in Newark, New Jersey.

PEG Stock Price History

PEG Stock News Headlines

Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
PEG Apr 2024 70.000 call
PEG Quantitative Stock Analysis
Q4 2023 Public Service Enterprise Group Inc Earnings Call
PSEG ANNOUNCES 2023 RESULTS
Public Service Enterprise Earnings Preview
Public Service Enterprise Group Inc.
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/07/2023
Dividend Payable
12/29/2023
Last Earnings
2/26/2024
Ex-Dividend for 3/29 Dividend
3/07/2024
Today
3/27/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
CUSIP
74457310
Employees
12,543
Year Founded
1903

Price Target and Rating

Average Stock Price Target
$66.38
High Stock Price Target
$73.00
Low Stock Price Target
$60.00
Potential Upside/Downside
-0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$2.56 billion
Pretax Margin
27.42%

Debt

Sales & Book Value

Annual Sales
$11.24 billion
Cash Flow
$6.45 per share
Book Value
$31.06 per share

Miscellaneous

Free Float
497,690,000
Market Cap
$33.23 billion
Optionable
Optionable
Beta
0.57

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Should I Buy Public Service Enterprise Group Stock? PEG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Public Service Enterprise Group was last updated on Tuesday, March 26, 2024 at 11:09 PM.

Pros

Here are some ways that investors could benefit from investing in Public Service Enterprise Group Incorporated:

  • Public Service Enterprise Group recently increased its dividend, indicating financial stability and potential for consistent returns for investors.
  • The company's CEO sold shares at a price of $63.00, which could be seen as a positive sign by investors, showing confidence in the company's future growth.
  • Analysts have given Public Service Enterprise Group a consensus rating of "Hold" with a price target of $64.25, suggesting a potential upside for investors.
  • Public Service Enterprise Group operates in the electric and gas utility business, providing essential services with stable demand, which can be attractive to risk-averse investors.
  • With a dividend yield of 3.73%, Public Service Enterprise Group offers investors a competitive return compared to other investment options.

Cons

Investors should be bearish about investing in Public Service Enterprise Group Incorporated for these reasons:

  • Public Service Enterprise Group's stock was downgraded by Guggenheim from a "buy" to a "neutral" rating, which could signal potential challenges or limited growth prospects.
  • Insiders have been selling shares of the company, with CEO Ralph A. Larossa selling a significant number of shares, which might raise concerns about the company's future performance.
  • Despite some analysts' positive outlook, there is a sell rating on the stock, indicating differing opinions on the company's future prospects.
  • Public Service Enterprise Group's payout ratio is currently 46.78%, which may suggest limited room for further dividend increases or reinvestment in the business.
  • Recent insider selling activities and mixed analyst ratings could create uncertainty among investors regarding the company's future direction and performance.

PEG Stock Analysis - Frequently Asked Questions

Should I buy or sell Public Service Enterprise Group stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PEG shares.
View PEG analyst ratings
or view top-rated stocks.

What is Public Service Enterprise Group's stock price target for 2024?

12 Wall Street research analysts have issued 12-month target prices for Public Service Enterprise Group's shares. Their PEG share price targets range from $60.00 to $73.00. On average, they predict the company's share price to reach $66.38 in the next twelve months. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for PEG
or view top-rated stocks among Wall Street analysts.

How have PEG shares performed in 2024?

Public Service Enterprise Group's stock was trading at $61.15 on January 1st, 2024. Since then, PEG shares have increased by 9.0% and is now trading at $66.65.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our PEG earnings forecast
.

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

Public Service Enterprise Group Incorporated (NYSE:PEG) issued its quarterly earnings results on Monday, February, 26th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The utilities provider earned $2.61 billion during the quarter, compared to analysts' expectations of $2.45 billion. Public Service Enterprise Group had a net margin of 22.81% and a trailing twelve-month return on equity of 11.53%. The business's revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 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 Tuesday, February 13th. Stockholders of record on Friday, March 8th will be given a dividend of $0.60 per share on Friday, March 29th. This represents a $2.40 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, March 7th. This is an increase from the stock's previous quarterly dividend of $0.57.
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 $2.40 per share and currently has a dividend yield of 3.66%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PEG will have a dividend payout ratio of 60.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PEG.

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

Public Service Enterprise Group issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 3.600-3.700 for the period, compared to the consensus earnings per share estimate of 3.680. 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).

Who are Public Service Enterprise Group's major shareholders?

Public Service Enterprise Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.16%), Vanguard Group Inc. (12.15%), Legal & General Group Plc (1.53%), Northern Trust Corp (1.19%), Capital World Investors (1.15%) and Capital Research Global Investors (0.95%). Insiders that own company stock include Edward S Lampert, Eric Carr, Ralph A Larossa, Ralph A Larossa, Ralph Izzo, Richard T Thigpen, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PEG) was last updated on 3/28/2024 by MarketBeat.com Staff

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