Public Service Enterprise Group Inc. (NYSE: PEG) is 5.00% higher on its value in year-to-date trading and has touched a low of $53.71 and a high of $65.46 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 $63.36 in the last trading session, with the day’s gains setting it 0.85%.
Currently trading at $64.21, the stock is 6.74% and 7.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.88 million and changing 1.34% at the moment leaves the stock 5.08% off its SMA200. PEG registered 6.36% gain for a year compared to 6-month loss of 6.13%. The firm has a 50-day simple moving average (SMA 50) of $4.66 and a 200-day simple moving average (SMA200) of $10.28.
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The stock witnessed a 10.33% gain in the last 1 month and extending the period to 3 months gives it a 1.25%, and is 4.27% 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 2.12% over the week and 2.00% over the month.
Public Service Enterprise Group Inc. (PEG) has around 12543 employees, a market worth around $32.01B and $9.99B in sales. Current P/E ratio is 12.53 and Fwd P/E is 15.95. Profit margin for the company is 25.65%. Distance from 52-week low is 19.55% and -1.91% from its 52-week high. The company has generated returns on investments over the last 12 months (7.14%).
Public Service Enterprise Group Inc. quarterly earnings per share for the current quarter are estimated at $1.28 with sales reaching $3.02B over the same period.The EPS is expected to grow by 5.41% this year, but quarterly earnings will post -2.30% year-over-year. Quarterly sales are estimated to grow 7.80% in year-over-year returns.
Public Service Enterprise Group Inc. (PEG) Top Institutional Holders
1,349 institutions hold shares in Public Service Enterprise Group Inc. (PEG), with institutional investors hold 75.64% of the company’s shares. The shares outstanding are 498.00M, and float is at 497.87M with Short Float at 1.33%. Institutions hold 75.57% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 54.57 million shares valued at $3.42 billion. The investor’s holdings represent 10.93% of the PEG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 53.69 million shares valued at $3.36 billion to account for 10.76% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 32.29 million shares representing 6.47% and valued at over $2.02 billion, while State Street Corporation holds 6.10% of the shares totaling 30.42 million with a market value of $1.9 billion.
Public Service Enterprise Group Inc. (PEG) Insider Activity
A total of 3 insider transactions have happened at Public Service Enterprise Group Inc. (PEG) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider sale by LaRossa Ralph A,the company’sChair, President and CEO. SEC filings show that LaRossa Ralph A sold 1,374 shares of the company’s common stock on Mar 04 at a price of $63.00 per share for a total of $86562.0. Following the sale, the insider now owns 0.15 million shares.
Public Service Enterprise Group Inc. disclosed in a document filed with the SEC on Feb 29 that Thigpen Richard T (SVP Corporate Citizenship) sold a total of 5,586 shares of the company’s common stock. The trade occurred on Feb 29 and was made at $62.99 per share for $0.35 million. Following the transaction, the insider now directly holds 34245.0 shares of the PEG stock.
Still, SEC filings show that on Feb 29, LaRossa Ralph A (Chair, President and CEO) disposed off 2,748 shares at an average price of $63.02 for $0.17 million. The insider now directly holds 148,141 shares of Public Service Enterprise Group Inc. (PEG).
Public Service Enterprise Group Inc. (PEG): Who are the competitors?
The company’s main competitors (and peers) include Duke Energy Corp. (DUK) that is trading -2.09% down over the past 12 months. Exelon Corp. (EXC) that is -12.07% lower over the same period.
