Public Service Enterprise Group Inc. (NYSE: PEG) has seen a decline in its stock price by -1.41 in relation to its previous close of 65.20. However, the company has experienced a -4.35% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Investors interested in Utility – Electric Power stocks are likely familiar with DTE Energy (DTE) and PSEG (PEG). But which of these two stocks presents investors with the better value opportunity right now?
Is It Worth Investing in Public Service Enterprise Group Inc. (NYSE: PEG) Right Now?
Public Service Enterprise Group Inc. (NYSE: PEG) has a higher price-to-earnings ratio of 12.54x compared to its average ratio, The 36-month beta value for PEG is at 0.59. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for PEG is 497.95M, and currently, shorts hold a 1.41% of that float. The average trading volume for PEG on April 17, 2024 was 2.91M shares.
PEG’s Market Performance
PEG’s stock has seen a -4.35% decrease for the week, with a 0.78% rise in the past month and a 8.27% gain in the past quarter. The volatility ratio for the week is 1.69%, and the volatility levels for the past 30 days are at 1.49% for Public Service Enterprise Group Inc. The simple moving average for the last 20 days is -2.28% for PEG stock, with a simple moving average of 4.24% for the last 200 days.
Analysts’ Opinion of PEG
Many brokerage firms have already submitted their reports for PEG stocks, with Guggenheim repeating the rating for PEG by listing it as a “Neutral.” The predicted price for PEG in the upcoming period, according to Guggenheim is $61 based on the research report published on January 22, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see PEG reach a price target of $64. The rating they have provided for PEG stocks is “Overweight” according to the report published on August 23rd, 2023.
UBS gave a rating of “Neutral” to PEG, setting the target price at $66 in the report published on August 14th of the previous year.
PEG Trading at 1.84% 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 -4.78% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +0.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.45% upper at present.
During the last 5 trading sessions, PEG fell by -4.35%, which changed the moving average for the period of 200-days by +3.95% in comparison to the 20-day moving average, which settled at $65.79. In addition, Public Service Enterprise Group Inc. saw 5.12% 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 LaRossa Ralph A, who sale 1,374 shares at the price of $66.37 back on Apr 01 ’24. After this action, LaRossa Ralph A now owns 152,347 shares of Public Service Enterprise Group Inc., valued at $91,192 using the latest closing price.
Chernick Rose M, the Vice President and Controller of Public Service Enterprise Group Inc., sale 200 shares at $64.20 during a trade that took place back on Mar 21 ’24, which means that Chernick Rose M is holding 34,716 shares at $12,840 based on the most recent closing price.
Stock Fundamentals for PEG
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.43 for the gross margin
The net margin for Public Service Enterprise Group Inc. stands at 0.23. The total capital return value is set at 0.08. Equity return is now at value 17.55, with 5.15 for asset returns.
Based on Public Service Enterprise Group Inc. (PEG), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.32. The interest coverage ratio of the stock is 5.36.
Currently, EBITDA for the company is 4.91 billion with net debt to EBITDA at 4.19. When we switch over and look at the enterprise to sales, we see a ratio of 4.66. The receivables turnover for the company is 6.47for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
In conclusion, Public Service Enterprise Group Inc. (PEG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
