After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that PSEG ANNOUNCES 2023 RESULTS.
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Stocks Info
As a NYSE listed company, PEG falls under the Utilities sector while operating within the Utilities – Regulated Electric industry segment. At the end of the last regular session, the stock closed at $63.36 and fluctuated between $63.52 as its day high and $61.99 as its day low. The current market capitalization of Public Service Enterprise Group Inc. is $31.59B. A total of 3.24 million shares were traded on the day, compared to an average of 2.79M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 3 BUYs and 7 SELLs from insiders. Insiders purchased 37,100 shares during that period but sold 24,069.
In the most recent transaction, Thigpen Richard T sold 5,586 shares of PEG for 62.99 per share on Feb 29. After the transaction, the SVP Corporate Citizenship now owns 34,245 company shares. In a previous transaction on Feb 29, LaRossa Ralph A sold 2,748 shares at 63.02 per share. PEG shares that Chair, President and CEO owns now total 148,141.
Among the insiders who sold shares, Chernick Rose M disposed of 200 shares on Feb 21 at a per-share price of $60.52. This resulted in the Vice President and Controller holding 33,960 shares of PEG after the transaction. In another insider transaction, Chernick Rose M sold 200 shares at $58.21 per share on Jan 22. Company shares held by the Vice President and Controller now total 30,685.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. 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 12.36. 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.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 $1.34 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.43 per share and a lower estimate of $1.24. The company reported an EPS of $0.85 in the last quarter, which was 13.30% higher than expectations of $0.75.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $31.08, 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 3.88.
