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Public Service Enterprise Group Inc. (NYSE: PEG) closed the day trading at $74.54 down -2.28% from the previous closing price of $76.28. In other words, the price has decreased by -$2.28 from its previous closing price. On the day, 2.43 million shares were traded. PEG stock price reached its highest trading level at $76.0 during the session, while it also had its lowest trading level at $74.37.
Ratios:
For a better understanding of PEG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 1.40 whereas as Long-Term Debt/Eq ratio is at 1.20.
On January 22, 2024, Guggenheim Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $61.
On August 23, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $64.Barclays initiated its Overweight rating on August 23, 2023, with a $64 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 03 ’24 when LaRossa Ralph A sold 1,373 shares for $74.99 per share. The transaction valued at 102,959 led to the insider holds 150,654 shares of the business.
LaRossa Ralph A sold 1,374 shares of PEG for $95,566 on May 01 ’24. The Chair, President and CEO now owns 150,973 shares after completing the transaction at $69.55 per share. On Apr 22 ’24, another insider, Chernick Rose M, who serves as the Vice President and Controller of the company, sold 200 shares for $65.78 each. As a result, the insider received 13,156 and left with 34,516 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PEG now has a Market Capitalization of 37126885376 and an Enterprise Value of 58764578816. As of this moment, Public’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.61, and their Forward P/E ratio for the next fiscal year is 18.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.82 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 5.738 whereas that against EBITDA is 15.295.
Stock Price History:
The Beta on a monthly basis for PEG is 0.61, which has changed by 0.2175579 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, PEG has reached a high of $77.46, while it has fallen to a 52-week low of $53.71. The 50-Day Moving Average of the stock is 1.09%, while the 200-Day Moving Average is calculated to be 14.78%.
Shares Statistics:
Over the past 3-months, PEG traded about 2.78M shares per day on average, while over the past 10 days, PEG traded about 2877720 shares per day. A total of 498.00M shares are outstanding, with a floating share count of 497.43M. Insiders hold about 0.13% of the company’s shares, while institutions hold 75.75% stake in the company. Shares short for PEG as of 1719532800 were 7081205 with a Short Ratio of 2.55, compared to 1717113600 on 8509970. Therefore, it implies a Short% of Shares Outstanding of 7081205 and a Short% of Float of 1.8499999999999999.
Dividends & Splits
PEG’s forward annual dividend rate is 2.34, up from 2.31 a year ago. Against a Trailing Annual Dividend Yield of 0.030283166The stock’s 5-year Average Dividend Yield is 3.41. The current Payout Ratio is 44.48% for PEG, which recently paid a dividend on 2024-06-07 with an ex-dividend date of 1717718400. Stock splits for the company last occurred on 2008-02-05 when the company split stock in a 2:1 ratio.
