Public Service Enterprise Group Inc. (NYSE: PEG): Is It A Buying Opportunity Again?

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 $44.65B. A total of 1.95 million shares were traded on the day, compared to an average of 2.74M shares.

In the most recent transaction, Linde Tamara Louise sold 9,564 shares of PEG for 90.61 per share on Oct 09 ’24. After the transaction, the EVP & Chief Legal Officer now owns 48,397 company shares. In a previous transaction on Oct 09 ’24, Linde Tamara Louise bought 9,564 shares at 90.61 per share.

Among the insiders who sold shares, LaRossa Ralph A disposed of 1,378 shares on Oct 01 ’24 at a per-share price of $90.20. This resulted in the Chair, President and CEO holding 147,514 shares of PEG after the transaction. In another insider transaction, Linde Tamara Louise sold 9,563 shares at $79.54 per share on Sep 09 ’24. Company shares held by the EVP & General Counsel now total 57,961.

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 $2.37, resulting in a dividend yield of 2.64%, and it has a price to earnings (P/E) ratio of 27.14. 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 $92.20 and a low of $56.85.

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 4.05.

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