What Are The Chances Of Public Service Enterprise Group Inc. (NYSE: PEG) Becoming A Clear Buy?

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.

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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. The current market capitalization of Public Service Enterprise Group Inc. is $40.06B. A total of 3.06 million shares were traded on the day, compared to an average of 2.75M shares.

In the most recent transaction, Linde Tamara Louise bought 9,563 shares of PEG for 79.54 per share on Sep 09 ’24. In a previous transaction on Sep 03 ’24, LaRossa Ralph A sold 1,378 shares at 80.69 per share. PEG shares that Chair, President and CEO owns now total 148,892.

Among the insiders who sold shares, LaRossa Ralph A disposed of 1,378 shares on Aug 26 ’24 at a per-share price of $81.15. This resulted in the Chair, President and CEO holding 150,270 shares of PEG after the transaction. In another insider transaction, Ralph A. LaRossa bought 5,512 shares at $81.31 per share on Aug 26 ’24.

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 $2.37, resulting in a dividend yield of 2.95%, and it has a price to earnings (P/E) ratio of 24.35. PEG’s most recent ex-dividend date was 9/9/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 6/28/2024 with an ex-dividend date of 6/7/2024. The PEG stock dividend was $0.60 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 $81.89 and a low of $53.71.

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 $31.78, 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 4.12.

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