The closing price of Public Service Enterprise Group Inc. (NYSE: PEG) was $63.84 for the day, down -0.08% from the previous closing price of $63.89. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 2588280 shares were traded.
Ratios:
Our analysis of PEG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 418.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 66.17. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 1.48 whereas as Long-Term Debt/Eq ratio is at 1.32.
On August 23, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $64.
UBS Downgraded its Buy to Neutral on August 14, 2023, whereas the target price for the stock was revised from $70 to $66.
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 Mar 14 ’24 when Thigpen Richard T sold 4,800 shares for $64.18 per share. The transaction valued at 308,064 led to the insider holds 31,122 shares of the business.
LaRossa Ralph A sold 1,374 shares of PEG for $86,562 on Mar 04 ’24. The Chair, President and CEO now owns 153,721 shares after completing the transaction at $63.00 per share. On Feb 29 ’24, another insider, Thigpen Richard T, who serves as the SVP Corporate Citizenship of the company, sold 5,586 shares for $62.99 each. As a result, the insider received 351,837 and left with 34,245 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 31.83B and an Enterprise Value of 52.18B. As of this moment, Public’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.45, and their Forward P/E ratio for the next fiscal year is 15.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.19 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 4.64 whereas that against EBITDA is 10.25.
Stock Price History:
Over the past 52 weeks, PEG has reached a high of $65.59, while it has fallen to a 52-week low of $53.71. The 50-Day Moving Average of the stock is 60.71, while the 200-Day Moving Average is calculated to be 61.33.
Shares Statistics:
PEG traded an average of 2.76M shares per day over the past three months and 2.97M shares per day over the past ten days. A total of 498.00M shares are outstanding, with a floating share count of 497.94M. Insiders hold about 0.13% of the company’s shares, while institutions hold 75.42% stake in the company. Shares short for PEG as of Feb 29, 2024 were 6.64M with a Short Ratio of 2.41, compared to 6.21M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.33% and a Short% of Float of 1.73%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.28, PEG has a forward annual dividend rate of 2.31. Against a Trailing Annual Dividend Yield of 3.57%, it implies a Forward Annual Dividend Yield of 3.76%. The stock’s 5-year Average Dividend Yield is 3.39. The current Payout Ratio is 44.48% for PEG, which recently paid a dividend on Mar 29, 2024 with an ex-dividend date of Mar 07, 2024. Stock splits for the company last occurred on Feb 05, 2008 when the company split stock in a 2:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of $1.3 for the current quarter, with a high estimate of $1.42 and a low estimate of $1.13, while EPS last year was $1.39. The consensus estimate for the next quarter is $0.74, with high estimates of $0.82 and low estimates of $0.63.
Analysts are recommending an EPS of between $3.75 and $3.62 for the fiscal current year, implying an average EPS of $3.67. EPS for the following year is $4.03, with 13 analysts recommending between $4.33 and $3.84.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $3.15B to a low estimate of $2.78B. As of the current estimate, Public Service Enterprise Group Inc.’s year-ago sales were $2.8B, an estimated increase of 6.70% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $2.34B, a decrease of -3.50% less than the figure of $6.70% in the same quarter last year. There is a high estimate of $2.51B for the next quarter, whereas the lowest estimate is $2.1B.
A total of 9 analysts have provided revenue estimates for PEG’s current fiscal year. The highest revenue estimate was $11.72B, while the lowest revenue estimate was $9.01B, resulting in an average revenue estimate of $10.62B. In the same quarter a year ago, actual revenue was $11.24B, down -5.50% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $11.08B in the next fiscal year. The high estimate is $12.42B and the low estimate is $9.35B. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.
