As of Friday close, Public Service Enterprise Group Incorporated’s (NYSE:PEG) stock was up $0.08, moving up 0.13 percent to $60.52. The average number of shares traded per day over the past five days has been 2,640,760 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.83 fall in that time frame. In the last twenty days, the average volume was 2,657,160, while in the previous 50 days, it was 2,388,106.
Since last month, PEG stock retreated -0.38%. Shares of the company fell to $58.64 on 09/06/23, the lowest level in the past month. A 52-week high of $65.46 was reached on 07/21/23 after having rallying from a 52-week low of $52.51. Since the beginning of this year, PEG’s stock price has dropped by -1.22% or -$0.75, and marked a new high 9 times. However, the stock has declined by -7.55% since its 52-week high.
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PEG stock investors should be aware that Public Service Enterprise Group Incorporated (PEG) stock had its last reported insider trading activity 2 days ago on Sep 21. Chernick Rose M, the Vice President and Controller of the company, disposed of 200 shares for $60.63 on Sep 21. It resulted in a $12,126 divestment by the insider. Chernick Rose M sold 200 shares at an average price of $60.76 on Aug 21. The insider now owns 32,220 shares following the transaction. On Aug 01, Chair, President and CEO LaRossa Ralph A sold 8,074 shares at $64.45 apiece. The transaction was valued at $520,369.
Valuation Metrics
Right now, Public Service Enterprise Group Incorporated (PEG) has a P/E ratio of about 10.89. The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 2.61, the price-to-book (PB) ratio of 2.00, and the price-to-cash flow ratio of 58.69 may also be considered.
The latest dividend of $0.57 per share was paid out, remained unchanged from last year’s $0.57. On Tuesday February 14 2023, a $0.03 dividend increase was announced.
Financial Health
In the three months ended June 29, Public Service Enterprise Group Incorporated’s quick ratio stood at 0.50, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.09, and the total debt-to-equity ratio was 1.31. In the year ended June 29, EBITDA margin amounted to 39.25%, whereas operating margins totaled 30.90%. Based on annual data, PEG earned $1.38 billion in gross profit and brought in $9.8 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.10%. Return on equity (ROE) for the past 12 months was 19.60%.
In Public Service Enterprise Group Incorporated’s quarter-end financial report for June 29, it reported total debt of $16.39 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PEG’s revenue rose 14.25% to $3.75 billion during the quarter, while net income inched up to $2.42 billion. While analysts expected Public Service Enterprise Group Incorporated to report $0.63 quarterly earnings, the actual figure was $0.7 per share, beating the consensus estimate by 11.10%. During the quarter, the company generated $1.12 billion in EBITDA. The liabilities of Public Service Enterprise Group Incorporated were 34.45 billion at the end of its most recent quarter ended June 29, and its total debt was $19.83 billion. The value of shareholders’ equity is $499.11 million.
Technical Picture
This quick technical analysis looks at Public Service Enterprise Group Incorporated’s (PEG) price momentum. With a historical volatility rate of 8.33%, the RSI 9-day stood at 45.60% on 22 September.
With respect to its five-day moving average, the current Public Service Enterprise Group Incorporated price is down by -1.35% percent or -$0.83. At present, PEG shares trade -0.33% below its 20-day simple moving average and -4.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.50% below its SMA50 and +0.41% above its SMA200.
Stochastic coefficient K was 57.11% and Stochastic coefficient D was 60.09%, while ATR was 0.94. Given the Stochastic reading of 56.12% for the 14-day period, the RSI (14) reading has been calculated as 46.38%. As of today, the MACD Oscillator reading stands at -0.32.
Analyst Ratings
Barclays launched its rating on Public Service Enterprise Group Incorporated (NYSE: PEG) to an Overweight in a note to investors on August 23, 2023. Public Service Enterprise Group Incorporated (PEG) has been rated Overweight by analysts. According to 0 brokerage firms, PEG is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Public Service Enterprise Group Incorporated stock as buy, with 9 recommending it as overweight.
With a median target price of $66.00, the current consensus forecast for the stock is $63.00 – $72.00. Based on these forecasts, analysts predict Public Service Enterprise Group Incorporated (PEG) will achieve an average price target of $66.71.
