The price-to-earnings ratio for Public Service Enterprise Group Incorporated (NYSE: PEG) is above average at 11.04x, while the 36-month beta value is 0.60.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Public Service Enterprise Group Incorporated (PEG) is $66.64, which is $5.14 above the current market price. The public float for PEG is 498.65M, and currently, short sellers hold a 1.48% ratio of that floaft. The average trading volume of PEG on September 19, 2023 was 2.38M shares.
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PEG) stock’s latest price update
Public Service Enterprise Group Incorporated (NYSE: PEG) has experienced a decline in its stock price by -0.03 compared to its previous closing price of 61.35. However, the company has seen a gain of 0.87% in its stock price over the last five trading days. InvestorPlace reported 2023-09-12 that It hasn’t been a great year for finding the best utilities stocks to buy. It has been the sector laggard of the S&P 500 which has grown more swiftly than many expected.
PEG’s Market Performance
PEG’s stock has risen by 0.87% in the past week, with a monthly rise of 1.54% and a quarterly drop of -1.93%. The volatility ratio for the week is 1.24% while the volatility levels for the last 30 days are 1.49% for Public Service Enterprise Group Incorporated The simple moving average for the last 20 days is 1.03% for PEG’s stock, with a simple moving average of -0.22% for the last 200 days.
Analysts’ Opinion of PEG
Many brokerage firms have already submitted their reports for PEG stocks, with Barclays repeating the rating for PEG by listing it as a “Overweight.” The predicted price for PEG in the upcoming period, according to Barclays is $64 based on the research report published on August 23, 2023 of the current year 2023.
PEG Trading at -0.68% from the 50-Day Moving Average
After a stumble in the market that brought PEG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.12% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.24%, as shares surge +0.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.93% lower at present.
During the last 5 trading sessions, PEG rose by +0.87%, which changed the moving average for the period of 200-days by +5.22% in comparison to the 20-day moving average, which settled at $60.73. In addition, Public Service Enterprise Group Incorporated saw 0.10% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PEG starting from Chernick Rose M, who sale 200 shares at the price of $60.76 back on Aug 21. After this action, Chernick Rose M now owns 32,220 shares of Public Service Enterprise Group Incorporated, valued at $12,152 using the latest closing price.
LaRossa Ralph A, the Chair, President and CEO of Public Service Enterprise Group Incorporated, sale 8,074 shares at $64.45 during a trade that took place back on Aug 01, which means that LaRossa Ralph A is holding 115,306 shares at $520,369 based on the most recent closing price.
Stock Fundamentals for PEG
Current profitability levels for the company are sitting at:
- +28.14 for the present operating margin
- +28.14 for the gross margin
The net margin for Public Service Enterprise Group Incorporated stands at +8.93. The total capital return value is set at 9.51, while invested capital returns managed to touch 3.42. Equity return is now at value 19.60, with 5.70 for asset returns.
Based on Public Service Enterprise Group Incorporated (PEG), the company’s capital structure generated 149.17 points at debt to equity in total, while total debt to capital is 59.87. Total debt to assets is 42.04, with long-term debt to equity ratio resting at 121.38. Finally, the long-term debt to capital ratio is 48.71.
When we switch over and look at the enterprise to sales, we see a ratio of 4.73, with the company’s debt to enterprise value settled at 0.40. The receivables turnover for the company is 5.21 and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.64.
Conclusion
In a nutshell, Public Service Enterprise Group Incorporated (PEG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
