Public Service Enterprise Group Inc. (NYSE: PEG) Could Achieve Gains In The Near Future

After Hours

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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 $33.30B. A total of 2.99 million shares were traded on the day, compared to an average of 2.88M 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 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 $2.31, resulting in a dividend yield of 3.46%, and it has a price to earnings (P/E) ratio of 13.03. 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 $66.65 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

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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