1,176 institutions hold shares in Public Service Enterprise Group Incorporated (PEG), with 924.32k shares held by insiders accounting for 0.18% while institutional investors hold 71.90% of the company’s shares. The shares outstanding are 504.00M, and float is at 498.96M with Short Float at 0.99%. Institutions hold 71.77% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 51.02 million shares valued at $2.97 billion. The investor’s holdings represent 10.10% of the PEG Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 42.22 million shares valued at $2.46 billion to account for 8.36% of the shares outstanding. The other top investors are State Street Corporation which holds 26.32 million shares representing 5.21% and valued at over $1.53 billion, while Price (T.Rowe) Associates Inc holds 5.17% of the shares totaling 26.14 million with a market value of $1.52 billion.
Public Service Enterprise Group Incorporated (NYSE: PEG) is 4.49% higher on its value in year-to-date trading and has touched a low of $43.87 and a high of $62.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PEG stock was last observed hovering at around $60.66 in the last trading session, with the day’s gains setting it 0.26% off its average median price target of $64.00 for the next 12 months. It is also 12.97% off the consensus price target high of $70.00 offered by 18 analysts, but current levels are -8.79% lower than the price target low of $56.00 for the same period.
Currently trading at $60.92, the stock is 3.79% and 5.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.43% at the moment leaves the stock 8.85% off its SMA200. PEG registered 37.33% gain for a year compared to 6-month gain of 8.88%. The firm has a 50-day simple moving average (SMA 50) of $57.61 and a 200-day simple moving average (SMA200) of $57.65.
The stock witnessed a 8.28% loss in the last 1 month and extending the period to 3 months gives it a 9.31%, and is 1.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 1.87% over the month.
Public Service Enterprise Group Incorporated (PEG) has around 12788 employees, a market worth around $31.05B and $9.60B in sales. Current P/E ratio is 16.22 and Fwd P/E is 17.32. Profit margin for the company is 19.80%. Distance from 52-week low is 38.86% and -1.98% from its 52-week high. The company has generated returns on investments over the last 12 months (5.60%).
Public Service Enterprise Group Incorporated (PEG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Public Service Enterprise Group Incorporated (PEG) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.30, where 8 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Public Service Enterprise Group Incorporated is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at $1.04 with sales reaching $3.29B over the same period.The EPS is expected to grow by 12.50% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to grow 18.50% in year-over-year returns.
Public Service Enterprise Group Incorporated (PEG) Insider Activity
A total of 42 insider transactions have happened at Public Service Enterprise Group Incorporated (PEG) in the last six months, with sales accounting for 27 and purchases happening 15 times. The most recent transaction is an insider sale by Chernick Rose M, the company’s Vice President and Controller. SEC filings show that Chernick Rose M sold 397 shares of the company’s common stock on Mar 15 at a price of $57.85 per share for a total of $22966.0. Following the sale, the insider now owns 32323.0 shares.
Public Service Enterprise Group Incorporated disclosed in a document filed with the SEC on Mar 01 that LaRossa Ralph A (COO) sold a total of 1,924 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $54.27 per share for $0.1 million. Following the transaction, the insider now directly holds 70025.0 shares of the PEG stock.
Still, SEC filings show that on Feb 16, Chernick Rose M (Vice President and Controller) disposed off 403 shares at an average price of $57.99 for $23370.0. The insider now directly holds 30,680 shares of Public Service Enterprise Group Incorporated (PEG).
Public Service Enterprise Group Incorporated (PEG): Who are the competitors?
The company’s main competitors (and peers) include Ameren Corporation (AEE) that is trading 18.55% up over the past 12 months and Xcel Energy Inc. (XEL) that is 17.80% higher over the same period. Duke Energy Corporation (DUK) is 28.35% up on the 1-year trading charts. Short interest in the company’s stock has risen 6.9% from the last report on Feb 11, 2021 to stand at a total of 4.59 million short shares sold with a short interest ratio of 2.21.