S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
NYSE:PEG

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

$66.78
+0.13 (+0.20%)
(As of 03/28/2024 ET)
Today's Range
$66.43
$67.02
50-Day Range
$56.97
$66.65
52-Week Range
$53.71
$67.02
Volume
2.97 million shs
Average Volume
3.35 million shs
Market Capitalization
$33.30 billion
P/E Ratio
13.02
Dividend Yield
3.59%
Price Target
$66.38

Public Service Enterprise Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
0.6% 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 22 Articles This Week
Insider Trading
Selling Shares
$419,108 Sold Last Quarter
Proj. Earnings Growth
8.45%
From $3.67 to $3.98 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.

4.80 out of 5 stars

Utilities Sector

10th out of 90 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

Claim Your Complimentary Bitcoin Reward
Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.
Crypto Market Preps For Trillions Worth of Inflows!
Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
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
See More Headlines
Receive PEG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Public Service Enterprise Group and its competitors with MarketBeat's FREE daily newsletter.

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
3/28/2024
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
-0.6%
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
495,745,000
Market Cap
$33.30 billion
Optionable
Optionable
Beta
0.57

Social Links

5G Stocks: The Path Forward is Profitable Cover

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

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

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.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, March 26, 2024. Please send any questions or comments about these Public Service Enterprise Group pros and cons to contact@marketbeat.com.

PEG Stock Analysis - Frequently Asked Questions

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

12 Wall Street 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 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 equities 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 anticipate the company's share price to reach $66.38 in the next year. This suggests that the stock has a possible downside of 0.6%.
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 at the start of the year. Since then, PEG stock has increased by 9.2% and is now trading at $66.78.
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) released its 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 trailing twelve-month return on equity of 11.53% and a net margin of 22.81%. Public Service Enterprise Group's revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS.
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 announced a quarterly dividend on Tuesday, February 13th. Investors of record on Friday, March 8th will be paid a dividend of $0.60 per share on Friday, March 29th. This represents a $2.40 annualized dividend and a yield of 3.59%. 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 3.60%. 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 60.30% 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 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 retail and institutional investors. Top institutional investors 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 3/29/2024 by MarketBeat.com Staff

From Our Partners