In yesterday’s Wall Street session, Public Service Enterprise Group Inc. (NYSE:PEG) shares traded at $62.43, down -1.36% from the previous session.
20 analysts cover Public Service Enterprise Group Inc. (NYSE:PEG), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $62.00, we find $65.00. Given the previous closing price of $63.29, this indicates a potential upside of 2.7 percent. PEG stock price is now 2.69% away from the 50-day moving average and 1.68% away from the 200-day moving average. The market capitalization of the company currently stands at $31.11B.
The stock has received a hold rating from 9 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $65.40 as their price target over the next twelve months.
With the price target of $64, Barclays recently initiated with Overweight rating for Public Service Enterprise Group Inc. (NYSE: PEG).
In other news, Chernick Rose M, Vice President and Controller sold 200 shares of the company’s stock on Nov 21. The stock was sold for $12,848 at an average price of $64.24. Upon completion of the transaction, the Vice President and Controller now directly owns 31,682 shares in the company, valued at $1.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, Chair, President and CEO LaRossa Ralph A sold 4,122 shares of the business’s stock. A total of $259,706 was realized by selling the stock at an average price of $63.00. This leaves the insider owning 112,076 shares of the company worth $7.0 million. Insiders disposed of 56,927 shares of company stock worth roughly $3.55 million over the past 1 year. A total of 0.13% of the company’s stock is owned by insiders.
On Thursday morning Public Service Enterprise Group Inc. (NYSE: PEG) stock kicked off with the opening price of $63.18. During the past 12 months, Public Service Enterprise Group Inc. has had a low of $53.71 and a high of $65.46. As of last week, the company has a debt-to-equity ratio of 1.31, a current ratio of 0.63, and a quick ratio of 0.45. According to the stock market information, the enterprise value for the company is $50.96B, which is based on a 11.13 price-to-earnings ratio, a 2.14 price-to-earnings-growth ratio, and a beta of 0.61. The fifty day moving average price for PEG is $60.83 and a two-hundred day moving average price translates $61.41 for the stock.
The latest earnings results from Public Service Enterprise Group Inc. (NYSE: PEG) was released for Sep, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.85, beating analysts’ expectations of $0.75 by 0.1. This compares to $0.22 EPS in the same period last year. The net profit margin was 27.55% and return on equity was 19.74% for PEG. The company reported revenue of $2.46 billion for the quarter, compared to $2.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.1 percent. For the current quarter, analysts expect PEG to generate $2.33B in revenue.
Public Service Enterprise Group Inc.(PEG) Company Profile
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in Mid-Atlantic United States. The company operates through PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2022, it had electric transmission and distribution system of 25,000 circuit miles and 864,000 poles; 55 switching stations with an installed capacity of 39,653 megavolt-amperes (MVA), and 235 substations with an installed capacity of 9,735 MVA; four electric distribution headquarters and five electric sub-headquarters; and 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. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.
