After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that PSEG Increases 2024 Common Stock Dividend.
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Stocks Info
The company is listed on the NYSE and operates within the Utilities – Regulated Electric industry segment. At the end of the last regular session, the stock closed at $60.75 and fluctuated between $61.00 as its day high and $60.37 as its day low. The current market capitalization of Public Service Enterprise Group Inc. is $30.27B. A total of 2.62 million shares were traded on the day, compared to an average of 2.96M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PEG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 15 SELLs from insiders. Insiders purchased 84,747 shares during that period but sold 46,435.
In the most recent transaction, Chernick Rose M sold 200 shares of PEG for 60.52 per share on Feb 21. After the transaction, the Vice President and Controller now owns 33,960 company shares. In a previous transaction on Jan 22, Chernick Rose M sold 200 shares at 58.21 per share. PEG shares that Vice President and Controller owns now total 30,685.
Among the insiders who sold shares, Chernick Rose M disposed of 200 shares on Dec 21 at a per-share price of $60.80. This resulted in the Vice President and Controller holding 31,482 shares of PEG after the transaction. In another insider transaction, LaRossa Ralph A sold 1,374 shares at $63.01 per share on Dec 01. Company shares held by the Chair, President and CEO now total 110,702.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Public Service Enterprise Group Inc. pays an annual dividend of $2.28, resulting in a dividend yield of 3.75%, and it has a price to earnings (P/E) ratio of 10.83. PEG’s most recent ex-dividend date was 3/7/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/7/2023. The PEG stock dividend was $0.57 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PEG in the last 3 months, the mean price target is $65.28 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
