Public Service Enterprise Group Inc. (NYSE: PEG) is 7.13% higher on its value in year-to-date trading and has touched a low of $53.71 and a high of $65.59 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 $65.32 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $65.51, the stock is 2.55% and 7.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.87 million and changing 0.29% at the moment leaves the stock 6.76% off its SMA200. PEG registered 11.45% gain for a year compared to 6-month loss of 8.66%. The firm has a 50-day simple moving average (SMA 50) of $4.72 and a 200-day simple moving average (SMA200) of $10.41.
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The stock witnessed a 9.84% gain in the last 1 month and extending the period to 3 months gives it a 8.01%, and is 2.25% 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 1.48% over the week and 1.76% over the month.
Public Service Enterprise Group Inc. (PEG) has around 12543 employees, a market worth around $32.66B and $9.67B in sales. Current P/E ratio is 12.78 and Fwd P/E is 16.32. Profit margin for the company is 26.50%. Distance from 52-week low is 21.97% and -0.12% from its 52-week high. The company has generated returns on investments over the last 12 months (7.67%).
Public Service Enterprise Group Inc. quarterly earnings per share for the current quarter are estimated at $1.28 with sales reaching $3.03B over the same period.The EPS is expected to grow by 5.47% this year, but quarterly earnings will post -7.90% year-over-year. Quarterly sales are estimated to grow 8.00% in year-over-year returns.
Public Service Enterprise Group Inc. (PEG) Top Institutional Holders
1,355 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 497.94M with Short Float at 1.33%. Institutions hold 75.55% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 60.58 million shares valued at $3.97 billion. The investor’s holdings represent 12.15% of the PEG Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 54.78 million shares valued at $3.59 billion to account for 10.99% of the shares outstanding. The other top investors are State Street Corporation which holds 30.34 million shares representing 6.09% and valued at over $1.99 billion, while JP Morgan Chase & Company holds 6.05% of the shares totaling 30.14 million with a market value of $1.97 billion.
Public Service Enterprise Group Inc. (PEG) Insider Activity
The most recent transaction is an insider sale by Chernick Rose M,the company’sVice President and Controller. SEC filings show that Chernick Rose M sold 200 shares of the company’s common stock on Mar 21 ’24 at a price of $64.20 per share for a total of $12840.0. Following the sale, the insider now owns 34716.0 shares.
Public Service Enterprise Group Inc. disclosed in a document filed with the SEC on Mar 14 ’24 that Thigpen Richard T (SVP Corporate Citizenship) sold a total of 4,800 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $64.18 per share for $0.31 million. Following the transaction, the insider now directly holds 31122.0 shares of the PEG stock.
Still, SEC filings show that on Mar 04 ’24, LaRossa Ralph A (Chair, President and CEO) disposed off 1,374 shares at an average price of $63.00 for $86562.0. The insider now directly holds 153,721 shares of Public Service Enterprise Group Inc. (PEG).
