Public Service Enterprise Group Incorporated (NYSE:PEG) finished Friday with an addition of $0.4 to close at $61.12, an upside of 0.66 percent. An average of 1,916,460 shares of common stock have been traded in the last five days. There was a gain of $0.30 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 2,365,325 shares traded, while the 50-day average volume stands at 2,332,632.
PEG stock has decreased by -3.44% in the last month. The company shares reached their 1-month lowest point of $59.36 on 08/15/23. With the stock rallying to its 52-week high on 07/21/23, shares of the company touched a low of $52.51 and a high of $69.27 in 52 weeks. It has reached a new high 9 times so far this year and lost -0.24% or -$0.15 in price. In spite of this, the price is down -11.77% from the 52-week high.
Insider Transactions
PEG stock investors should be aware that Public Service Enterprise Group Incorporated (PEG) stock had its last reported insider trading activity 5 days ago on Aug 21. In this transaction, the insider spent $12,152. Chair, President and CEO, LaRossa Ralph A, disposed of 8,074 shares at a price of $64.45 on Aug 01. The insider now owns more than $520,369 worth of shares. Prior to that, Chair, President and CEO LaRossa Ralph A went on to Sale 4,168 shares at $63.01 each on Jul 03. An amount of $262,613 was transacted.
Valuation Metrics
Public Service Enterprise Group Incorporated (PEG) has a trailing price-to-earnings (P/E) ratio of 11.00. The stock’s beta is 0.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.61, the price-to-book (PB) ratio at 2.02, and the price-to-cash flow ratio at 58.82.
Financial Health
The quick ratio of Public Service Enterprise Group Incorporated for the three months ended June 29 was 0.50, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.09 and a total debt to equity ratio of 1.31 for the quarter ending June 29. Public Service Enterprise Group Incorporated’s EBITDA margin for the year ending June 29 is 39.25%, while its operating margin for the same period stands at 30.90%. Its gross profit as reported stood at $1.38 billion compared to revenue of $9.8 billion.
Earnings Surprise
For the three-month period that ended June 29, Public Service Enterprise Group Incorporated had $16.39 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $591.0 million in the quarter, while revenues of $1.29 billion were grew 77.83%. The analyst consensus anticipated Public Service Enterprise Group Incorporated’s latest quarter earnings to come in at $0.63 per share, but it turned out to be $0.7, a 11.10% surprise. For the quarter, EBITDA amounted to $1.12 billion. Shareholders own equity worth $499.11 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Public Service Enterprise Group Incorporated (PEG) price momentum. RSI 9-day as of the close on 25 August was 52.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.11%.
As of today, PEG’s price is $60.58 +0.49% or $0.30 from its 5-day moving average. PEG is currently trading -3.26% lower than its 20-day SMA and -0.31% lower than its 100-day SMA. However, the stock’s current price level is -1.31% below the SMA50 and +6.65% above the SMA200.
The stochastic %K and %D were 69.30% and 50.89%, respectively, and the average true range (ATR) was 0.89. With the 14-day stochastic at 82.44% and the average true range at 0.94, the RSI (14) stands at 48.36%. The stock has reached 0.43 on the 9-day MACD Oscillator while the 14-day reading was at 0.39.
Analyst Ratings
Barclays launched coverage on Public Service Enterprise Group Incorporated (NYSE: PEG) in its analyst report released on August 23, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Public Service Enterprise Group Incorporated (PEG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PEG, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.
What is PEG’s price target for the next 12 months?
Analysts predict a range of price targets between $60.00 and $72.00, with a median target of $67.00. Taking a look at these predictions, the average price target given by analysts for Public Service Enterprise Group Incorporated (PEG) stock is $66.64.
