Public Service Enterprise Group Inc. (NYSE:PEG) shares, rose in value, with the stock price up by 0.62% to the previous day’s close as strong demand from buyers drove the stock to $66.52.
Actively observing the price movement in the last trading, the stock closed the session at $66.11. The value of beta (5-year monthly) was 0.60 whereas the PE ratio was 12.98 over 12-month period. Referring to stock’s 52-week performance, its high was $67.51, and the low was $53.71. On the whole, PEG has fluctuated by 2.51% over the past month.
With the market capitalization of Public Service Enterprise Group Inc. currently standing at about $33.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 2.31, with its dividend yield at 3.47%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.28, which is expected to increase to $0.82 for fiscal year $3.67 and then to about $4.02 by fiscal year 2025. Data indicates that the EPS growth is expected to be 5.50% in 2025, while the next year’s EPS growth is forecast to be 9.50%.
Analysts have estimated the company’s revenue for the quarter at $3.03 billion, with a low estimate of $2.78 billion and a high estimate of $3.35 billion. According to the average forecast, sales growth in current quarter could jump up 8.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $10.35 billion, representing a decrease of -7.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PEG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.47, with the price of PEG currently trading nearly 2.25% and 7.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.91, while the 7-day volatility ratio is showing 1.71% which for the 30-day chart, stands at 1.51%. Furthermore, Public Service Enterprise Group Inc. (PEG)’s beta value is 0.59, and its average true range (ATR) is 1.08.
A comparison of Public Service Enterprise Group Inc. (PEG) with its peers suggests the former has fared considerably weaker in the market. PEG showed an intraday change of 0.62% in last session, and over the past year, it grew by 8.29%%.
Data on historical trading for Public Service Enterprise Group Inc. (NYSE:PEG) indicates that the trading volumes over the past 10 days have averaged 3.37 million and over the past 3 months, they’ve averaged 2.96 million. According to company’s latest data on outstanding shares, there are 498.00 million shares outstanding.
Nearly 0.13% of Public Service Enterprise Group Inc.’s shares belong to company insiders and institutional investors own 75.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.2 million shares as on Mar 15, 2024, resulting in a short ratio of 2.23. According to the data, the short interest in Public Service Enterprise Group Inc. (PEG) stood at 1.44% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.63 million. The stock has risen by 8.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PEG stock heading into the next quarter.
