Public Service Enterprise Group Inc. (PEG) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that PSEG To Announce Fourth Quarter and Full Year 2023 Financial Results On Feb. 26.

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Stocks Info

Public Service Enterprise Group Inc. is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $59.03 and fluctuated between $59.03 as its day high and $57.34 as its day low. The current market capitalization of Public Service Enterprise Group Inc. is $29.42B. A total of 2.3 million shares were traded on the day, compared to an average of 2.91M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PEG has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 4,122 shares. Over the last 12 months, there were 18 BUYs and 15 SELLs from insiders. Insiders purchased 154,690 shares during that period but sold 46,435.

In the most recent transaction, Chernick Rose M sold 200 shares of PEG for 58.21 per share on Jan 22. After the transaction, the Vice President and Controller now owns 30,685 company shares. In a previous transaction on Dec 21, Chernick Rose M sold 200 shares at 60.80 per share. PEG shares that Vice President and Controller owns now total 31,482.

Among the insiders who sold shares, LaRossa Ralph A disposed of 1,374 shares on Dec 01 at a per-share price of $63.01. This resulted in the Chair, President and CEO holding 110,702 shares of PEG after the transaction. In another insider transaction, Chernick Rose M sold 200 shares at $64.24 per share on Nov 21. Company shares held by the Vice President and Controller now total 31,682.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Public Service Enterprise Group Inc. pays an annual dividend of $2.28, resulting in a dividend yield of 3.87%, and it has a price to earnings (P/E) ratio of 10.52. PEG’s most recent ex-dividend date was 12/7/2023 when it declared a $0.57 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/7/2023. The PEG stock dividend was $0.57 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PEG in the last 3 months, the mean price target is $65.41 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 $0.52 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.55 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $30.45, while its Total Shareholder’s Equity was $14.44B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 3.81.

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