S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
NYSE:PEG

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

$65.20
-0.67 (-1.02%)
(As of 04/15/2024 ET)
Today's Range
$64.96
$66.54
50-Day Range
$58.21
$67.20
52-Week Range
$53.71
$67.51
Volume
1.73 million shs
Average Volume
2.80 million shs
Market Capitalization
$32.51 billion
P/E Ratio
12.71
Dividend Yield
3.68%
Price Target
$67.58

Public Service Enterprise Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
3.7% Upside
$67.58 Price Target
Short Interest
Healthy
1.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.90mentions of Public Service Enterprise Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$510,300 Sold Last Quarter
Proj. Earnings Growth
8.47%
From $3.66 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.

4.83 out of 5 stars

Utilities Sector

6th out of 89 stocks

Electric & Other Services Combined Industry

1st 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

New Jersey's 3 nuclear power plants seek to extend licenses for another 20 years
The company that owns New Jersey’s three nuclear power plants says it will seek federal approval to operate them for another 20 years
Nerd Investor Reveals Secret To Make Money With A.I.
He's doing something he's never done before. In ten years, this nerd investor has picked 210+ stocks that have gone up at least 100%.
PEG Crosses Above Average Analyst Target
Nerd Investor Reveals Secret To Make Money With A.I.
He's doing something he's never done before. In ten years, this nerd investor has picked 210+ stocks that have gone up at least 100%.
Public Service Enterprise (PEG) Receives a Buy from Evercore ISI
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
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Company Calendar

Last Earnings
2/26/2024
Ex-Dividend for 3/29 Dividend
3/07/2024
Dividend Payable
3/29/2024
Today
4/15/2024
Next Earnings (Confirmed)
4/30/2024
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
$67.58
High Stock Price Target
$73.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
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
$6.26 per share
Book Value
$31.06 per share

Miscellaneous

Free Float
497,690,000
Market Cap
$32.51 billion
Optionable
Optionable
Beta
0.58

Social Links

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Key Executives

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 Incorporated has a strong track record of dividend payments, making it an attractive option for income-seeking investors. Dividends are regular payments made by a company to its shareholders, typically out of its profits.
  • Public Service Enterprise Group Incorporated reported better-than-expected earnings per share (EPS) in the latest quarter, indicating the company's profitability and potential for growth. EPS is a key financial metric that shows a company's profitability.
  • With a market capitalization of $31.80 billion, Public Service Enterprise Group Incorporated is a sizable company, offering stability and potential for long-term growth.
  • Public Service Enterprise Group Incorporated has a diversified business model operating in both electric and gas utility sectors, reducing the risk associated with being solely dependent on one industry.
  • Public Service Enterprise Group Incorporated's stock price has shown resilience, with a 1-year high of $65.59, indicating investor confidence in the company's performance and future prospects.

Cons

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

  • Public Service Enterprise Group Incorporated's revenue was down 17.0% compared to the same quarter last year, indicating a decline in the company's top-line performance. Revenue is a crucial indicator of a company's financial health and growth potential.
  • Public Service Enterprise Group Incorporated's debt-to-equity ratio of 1.15 suggests that the company relies heavily on debt financing, which can pose risks during economic downturns or rising interest rates.
  • The company's quick ratio of 0.46 and current ratio of 0.67 indicate a relatively low liquidity position, which may raise concerns about its ability to meet short-term obligations. Liquidity ratios measure a company's ability to pay off its short-term debts.
  • Public Service Enterprise Group Incorporated's PEG ratio of 3.52 may indicate that the stock is overvalued relative to its expected earnings growth. The PEG ratio is a valuation metric that factors in a company's growth rate.
  • Public Service Enterprise Group Incorporated's beta of 0.57 suggests that the stock is less volatile than the market, which may limit potential returns for investors seeking higher-risk investments.
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 Saturday, April 13, 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 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 8 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 brokerages have issued 12 month price objectives for Public Service Enterprise Group's stock. Their PEG share price targets range from $60.00 to $73.00. On average, they predict the company's share price to reach $67.58 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
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 beginning of the year. Since then, PEG shares have increased by 6.6% and is now trading at $65.20.
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, April 30th 2024.
View our PEG earnings forecast
.

How can I listen to Public Service Enterprise Group's earnings call?

Public Service Enterprise Group will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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 for the quarter, topping 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%. The firm's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $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. 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 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost 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 3.64%. 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 earnings per share guidance of 3.600-3.700 for the period, compared to the consensus EPS 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 number of institutional and retail investors. Top institutional shareholders include Tompkins Financial Corp (0.03%), First National Bank of Mount Dora Trust Investment Services (0.03%), Keystone Financial Planning Inc. (0.02%), Los Angeles Capital Management LLC (0.02%), Martin Capital Partners LLC (0.02%) and Czech National Bank (0.02%). 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 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 4/16/2024 by MarketBeat.com Staff

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