Public Service Enterprise Group Inc (NYSE: PEG) is -1.12% lower on its value in year-to-date trading and has touched a low of $57.24 and a high of $95.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PEG stock was last observed hovering at around $83.83 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $83.54, the stock is -2.39% and -4.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.85 million and changing -0.35% at the moment leaves the stock 2.94% off its SMA200. PEG registered 43.42% gain for a year compared to 6-month gain of 4.73%. The firm has a 50-day simple moving average (SMA 50) of $87.2986 and a 200-day simple moving average (SMA200) of $81.1519.
The stock witnessed a -1.10% loss in the last 1 month and extending the period to 3 months gives it a -5.24%, and is -5.12% down 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 3.35% over the week and 2.18% over the month.
Public Service Enterprise Group Inc (PEG) has around 12543 employees, a market worth around $41.62B and $9.97B in sales. Current P/E ratio is 20.56 and Fwd P/E is 20.76. Profit margin for the company is 20.37%. Distance from 52-week low is 45.95% and -12.27% from its 52-week high. The company has generated returns on investments over the last 12 months (5.77%).
with sales reaching $2.54B over the same period.The EPS is expected to grow by 5.32% this year, but quarterly earnings will post -6.44% year-over-year. Quarterly sales are estimated to shrink -2.56% in year-over-year returns.
Public Service Enterprise Group Inc (PEG) Top Institutional Holders
1558.0 institutions hold shares in Public Service Enterprise Group Inc (PEG), with institutional investors hold 76.41% of the company’s shares. The shares outstanding are 498.00M, and float is at 497.64M with Short Float at 0.99%. Institutions hold 76.34% 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 4.9253 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 LaRossa Ralph A, the company’s Chair, President and CEO. SEC filings show that LaRossa Ralph A sold 1,378 shares of the company’s common stock on Jan 02 ’25 at a price of $84.91 per share for a total of $0.12 million. Following the sale, the insider now owns 0.14 million shares.
Public Service Enterprise Group Inc disclosed in a document filed with the SEC on Dec 02 ’24 that LaRossa Ralph A (Chair, President and CEO) sold a total of 1,378 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $92.96 per share for $0.13 million. Following the transaction, the insider now directly holds 0.15 million shares of the PEG stock.
Still, SEC filings show that on Dec 02 ’24, Ralph A. LaRossa (Affiliate) Proposed Sale 4,134 shares at an average price of $94.30 for $0.39 million. The insider now directly holds shares of Public Service Enterprise Group Inc (PEG).
