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 ANNOUNCES 2023 RESULTS.

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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. The current market capitalization of Public Service Enterprise Group Inc. is $32.04B. A total of 3.36 million shares were traded on the day, compared to an average of 2.80M shares.

In the most recent transaction, LaRossa Ralph A sold 1,374 shares of PEG for 63.00 per share on Mar 04 ’24. After the transaction, the Chair, President and CEO now owns 153,721 company shares. In a previous transaction on Feb 29 ’24, Thigpen Richard T sold 5,586 shares at 62.99 per share. PEG shares that SVP Corporate Citizenship owns now total 34,245.

Among the insiders who sold shares, LaRossa Ralph A disposed of 2,748 shares on Feb 29 ’24 at a per-share price of $63.02. This resulted in the Chair, President and CEO holding 148,141 shares of PEG after the transaction. In another insider transaction, Chernick Rose M sold 200 shares at $60.52 per share on Feb 21 ’24. Company shares held by the Vice President and Controller now total 33,960.

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 $2.88, resulting in a dividend yield of 4.48%, and it has a price to earnings (P/E) ratio of 12.54. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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 $1.27 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.4 per share and a lower estimate of $1.13. 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

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 $31.08, 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 3.88.

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