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Saturday, December 9, 2023

There Is A Quest For Clarity Surrounding Public Service Enterprise Group Inc. (NYSE: PEG) Volatility

After Hours

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. After-hours trades for Public Service Enterprise Group Inc. (PEG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.15, or -3.39%, to $61.31. The Public Service Enterprise Group Inc. has recorded 122,091 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that With Winter Heating Season Nearing, PSEG Long Island Customers May Be Eligible for Assistance.

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Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $63.46 and fluctuated between $63.77 as its day high and $63.22 as its day low. The current market capitalization of Public Service Enterprise Group Inc. is $31.62B. A total of 2.77 million shares were traded on the day, compared to an average of 2.61M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PEG has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 400 shares. Over the last 12 months, there were 18 BUYs and 23 SELLs from insiders. Insiders purchased 154,690 shares during that period but sold 56,727.

In the most recent transaction, LaRossa Ralph A sold 4,122 shares of PEG for 63.00 per share on Nov 02. After the transaction, the Chair, President and CEO now owns 112,076 company shares. In a previous transaction on Oct 23, Chernick Rose M sold 200 shares at 58.44 per share. PEG shares that Vice President and Controller owns now total 31,882.

Among the insiders who sold shares, Chernick Rose M disposed of 200 shares on Sep 21 at a per-share price of $60.63. This resulted in the Vice President and Controller holding 32,020 shares of PEG after the transaction. In another insider transaction, Chernick Rose M sold 200 shares at $60.76 per share on Aug 21. Company shares held by the Vice President and Controller now total 32,220.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Public Service Enterprise Group Inc. pays an annual dividend of $2.28, resulting in a dividend yield of 3.60%, and it has a price to earnings (P/E) ratio of 11.31. PEG’s most recent ex-dividend date was 9/7/2023 when it declared a $0.57 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/8/2023. The PEG stock dividend was $0.57 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PEG in the last 3 months, the mean price target is $65.14 with high estimates of $70.00 and low estimates of $61.00. In terms of 52-week highs and lows, PEG has a high of $65.46 and a low of $53.71.

As of this writing, PEG has an earnings estimate of $0.53 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.65 per share and a lower estimate of $0.49. The company reported an EPS of $0.7 in the last quarter, which was 11.10% higher than expectations of $0.63.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $30.45, while its Total Shareholder’s Equity was $14.44B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 4.00.

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