Public Service Enterprise Group Inc. (NYSE: PEG) is 41.88% higher on its value in year-to-date trading and has touched a low of $53.71 and a high of $85.31 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 $83.44 in the last trading session, with the day’s gains setting it 3.32%.
Currently trading at $86.76, the stock is 6.10% and 9.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.09 million and changing 3.98% at the moment leaves the stock 24.99% off its SMA200. PEG registered 42.93% gain for a year compared to 6-month gain of 35.90%.
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The stock witnessed a 6.97% loss in the last 1 month and extending the period to 3 months gives it a 18.83%, and is 3.09% 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 1.92% over the week and 1.55% over the month.
Public Service Enterprise Group Inc. (PEG) has around 12543 employees, a market worth around $43.22B and $9.84B in sales. Current P/E ratio is 26.27 and Fwd P/E is 21.27. Profit margin for the company is 16.78%. Distance from 52-week low is 61.53% and 1.70% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).
with sales reaching $2.59B over the same period.The EPS is expected to grow by 5.35% this year, but quarterly earnings will post -6.00% year-over-year. Quarterly sales are estimated to grow 5.30% in year-over-year returns.
Public Service Enterprise Group Inc. (PEG) Top Institutional Holders
1456.0 institutions hold shares in Public Service Enterprise Group Inc. (PEG), with institutional investors hold 76.91% of the company’s shares. The shares outstanding are 498.00M, and float is at 497.55M with Short Float at 1.18%. Institutions hold 76.83% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 59.89 million shares valued at $4.41 billion. The investor’s holdings represent 12.0024% of the PEG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 53.17 million shares valued at $3.92 billion to account for 10.6556 of the shares outstanding. The other top investors are STATE STREET CORP which holds 27.01 million shares representing 5.4125% and valued at over $1.99 billion, while JPMORGAN CHASE & CO holds 4.9154 of the shares totaling 24.53 million with a market value of $1.81 billion.
Public Service Enterprise Group Inc. (PEG) Insider Activity
The most recent transaction is an insider sale by Linde Tamara Louise, the company’s EVP & General Counsel. SEC filings show that Linde Tamara Louise sold 9,563 shares of the company’s common stock on Sep 09 ’24 at a price of $79.54 per share for a total of $0.76 million. Following the sale, the insider now owns 57961.0 shares.
Still, SEC filings show that on Sep 03 ’24, LaRossa Ralph A (Chair, President and CEO) disposed off 1,378 shares at an average price of $80.69 for $0.11 million. The insider now directly holds 148,892 shares of Public Service Enterprise Group Inc. (PEG).
