Public Service Enterprise Group Inc. (NYSE:PEG) finished Wednesday with a subtraction of -$0.57 to close at $57.90, a downside of -0.97 percent. An average of 1,903,040 shares of common stock have been traded in the last five days. There was a fall of -$2.80 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 2,670,280 shares traded, while the 50-day average volume stands at 2,397,012.
PEG stock has decreased by -5.36% in the last month. The company shares reached their 1-month lowest point of $57.73 on 09/27/23. 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 $65.46 in 52 weeks. It has reached a new high 9 times so far this year and lost -5.50% or -$3.37 in price. In spite of this, the price is down -11.55% from the 52-week high.
Insider Transactions
PEG stock investors should be aware that Public Service Enterprise Group Inc. (PEG) stock had its last reported insider trading activity 7 days ago on Sep 21. In this transaction, the insider spent $12,126. Vice President and Controller, Chernick Rose M, disposed of 200 shares at a price of $60.76 on Aug 21. The insider now owns more than $12,152 worth of shares. Prior to that, Chair, President and CEO LaRossa Ralph A went on to Sale 8,074 shares at $64.45 each on Aug 01. An amount of $520,369 was transacted.
Valuation Metrics
Public Service Enterprise Group Inc. (PEG) has a trailing price-to-earnings (P/E) ratio of 10.41. The stock’s beta is 0.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.70, the price-to-book (PB) ratio at 1.91, and the price-to-cash flow ratio at 56.11.
The company has a payout ratio of 104.96%. The company’s most recent quarterly dividend payment was $0.57 a share, without any change from last year. Its latest increase dividend $0.03 reported on Tuesday February 14 2023.
Financial Health
The quick ratio of Public Service Enterprise Group Inc. for the three months ended June 29 was 0.52, and the current ratio was 0.67, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.10 and a total debt to equity ratio of 1.32 for the quarter ending June 29. Its gross profit as reported stood at $1.38 billion compared to revenue of $9.8 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Public Service Enterprise Group Inc.’s return on assets was 5.61%.
Earnings Surprise
For the three-month period that ended June 29, Public Service Enterprise Group Inc. 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 Inc.’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 Inc. (PEG) price momentum. RSI 9-day as of the close on 27 September was 21.30%, suggesting the stock is oversold, with historical volatility in this time frame at 14.26%.
As of today, PEG’s price is $59.52 -4.61% or -$2.80 from its 5-day moving average. PEG is currently trading -6.36% lower than its 20-day SMA and -8.83% lower than its 100-day SMA. However, the stock’s current price level is -7.58% below the SMA50 and -3.50% below the SMA200.
The stochastic %K and %D were 19.96% and 36.78%, respectively, and the average true range (ATR) was 1.03. With the 14-day stochastic at 3.99% and the average true range at 1.01, the RSI (14) stands at 29.22%. The stock has reached -1.29 on the 9-day MACD Oscillator while the 14-day reading was at -1.55.
Analyst Ratings
Barclays launched coverage on Public Service Enterprise Group Inc. (NYSE: PEG) in its analyst report released on August 23, 2023. The firm assigned the stock an Overweight rating.
