Public Service Enterprise Group Inc. (NYSE: PEG): Is It A Buying Opportunity Again?

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. Earlier, Yahoo Finance discussed this stock as it revealed PSEG ANNOUNCES 2023 RESULTS.

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Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. The current market capitalization of Public Service Enterprise Group Inc. is $33.23B. A total of 3.38 million shares were traded on the day, compared to an average of 2.85M shares.

In the most recent transaction, Chernick Rose M sold 200 shares of PEG for 64.20 per share on Mar 21 ’24. After the transaction, the Vice President and Controller now owns 34,716 company shares. In a previous transaction on Mar 14 ’24, Thigpen Richard T sold 4,800 shares at 64.18 per share. PEG shares that SVP Corporate Citizenship owns now total 31,122.

Among the insiders who sold shares, LaRossa Ralph A disposed of 1,374 shares on Mar 04 ’24 at a per-share price of $63.00. This resulted in the Chair, President and CEO holding 153,721 shares of PEG after the transaction. In another insider transaction, Thigpen Richard T sold 5,586 shares at $62.99 per share on Feb 29 ’24. Company shares held by the SVP Corporate Citizenship now total 34,245.

Dividend

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 $2.31, resulting in a dividend yield of 3.47%, and it has a price to earnings (P/E) ratio of 13.00. 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.

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. In terms of 52-week highs and lows, PEG has a high of $66.18 and a low of $53.71.

As of this writing, PEG has an earnings estimate of $1.28 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.44 per share and a lower estimate of $1.08. 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

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 $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.

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