An Evaluation Of Public Service Enterprise Group Inc. (NYSE: PEG) Prospects

After Hours

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Stocks Info

PEG belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. The current market capitalization of Public Service Enterprise Group Inc. is $40.11B. A total of 2.97 million shares were traded on the day, compared to an average of 2.81M shares.

In the most recent transaction, LaRossa Ralph A sold 1,373 shares of PEG for 74.99 per share on Jun 03 ’24. After the transaction, the Chair, President and CEO now owns 150,654 company shares. In a previous transaction on May 01 ’24, LaRossa Ralph A sold 1,374 shares at 69.55 per share. PEG shares that Chair, President and CEO owns now total 150,973.

Among the insiders who sold shares, Chernick Rose M disposed of 200 shares on Apr 22 ’24 at a per-share price of $65.78. This resulted in the Vice President and Controller holding 34,516 shares of PEG after the transaction. In another insider transaction, LaRossa Ralph A sold 1,374 shares at $66.37 per share on Apr 01 ’24. Company shares held by the Chair, President and CEO now total 152,347.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Public Service Enterprise Group Inc. pays an annual dividend of $2.34, resulting in a dividend yield of 2.91%, and it has a price to earnings (P/E) ratio of 24.38. PEG’s most recent ex-dividend date was 9/9/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 6/28/2024 with an ex-dividend date of 6/7/2024. The PEG stock dividend was $0.60 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PEG has a high of $81.89 and a low of $53.71.

As of this writing, PEG has an earnings estimate of $0.94 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of $1.03 per share and a lower estimate of $0.86.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PEG’s latest balance sheet shows that the firm has $818.00M in Cash & Short Term Investments as of fiscal 2021. There were $19.63B in debt and $7.07B in liabilities at the time. Its Book Value Per Share was $31.78, while its Total Shareholder’s Equity was $14.44B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PEG is Buy with a score of 4.12.

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