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The closing price of Public Service Enterprise Group Inc. (NYSE: PEG) was $76.29 for the day, up 0.94% from the previous closing price of $75.58. In other words, the price has increased by $0.94 from its previous closing price. On the day, 2.46 million shares were traded. PEG stock price reached its highest trading level at $76.405 during the session, while it also had its lowest trading level at $75.3.
Ratios:
Our analysis of PEG’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 37998522368 and an Enterprise Value of 58769559552. As of this moment, Public’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.10, and their Forward P/E ratio for the next fiscal year is 18.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.91 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 5.738 whereas that against EBITDA is 15.297.
Stock Price History:
The Beta on a monthly basis for PEG is 0.61, which has changed by 0.19128668 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, PEG has reached a high of $75.93, while it has fallen to a 52-week low of $53.71. The 50-Day Moving Average of the stock is 4.13%, while the 200-Day Moving Average is calculated to be 17.91%.
Shares Statistics:
PEG traded an average of 2.76M shares per day over the past three months and 3278900 shares per day over the past ten days. A total of 498.00M shares are outstanding, with a floating share count of 497.41M. Insiders hold about 0.13% of the company’s shares, while institutions hold 75.79% stake in the company. Shares short for PEG as of 1718323200 were 8009767 with a Short Ratio of 2.90, compared to 1715731200 on 9593146. Therefore, it implies a Short% of Shares Outstanding of 8009767 and a Short% of Float of 2.09.
Dividends & Splits
With its trailing 12-month dividend rate of 2.31, PEG has a forward annual dividend rate of 2.34. Against a Trailing Annual Dividend Yield of 0.03056364The 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.
