Public Service Enterprise Group Incorporated [PEG] stock Initiated by Citigroup analyst, price target now $69


Public Service Enterprise Group Incorporated [NYSE: PEG] closed the trading session at $74.67 on 04/21/22. The day’s price range saw the stock hit a low of $74.30, while the highest price level was $75.61. The company report on April 21, 2022 that Heroes Work Here: Palisades Troubleshooter’s Quick Action Saves a Life.

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Northampton, MA –News Direct– Public Service Enterprise Group (PSEG).

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The stocks have a year to date performance of 11.90 percent and weekly performance of 4.36 percent. The stock has been moved at 17.78 percent over the last six months. The stock has performed 11.28 percent around the most recent 30 days and changed 13.84 percent over the most recent 3-months.

If compared to the average trading volume of 2.57M shares, PEG reached to a volume of 2812914 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Public Service Enterprise Group Incorporated [PEG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PEG shares is $74.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PEG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Public Service Enterprise Group Incorporated shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 22, 2022. The new note on the price target was released on January 25, 2022, representing the official price target for Public Service Enterprise Group Incorporated stock. On January 07, 2022, analysts increased their price target for PEG shares from 71 to 73.

The Average True Range (ATR) for Public Service Enterprise Group Incorporated is set at 1.18, with the Price to Sales ratio for PEG stock in the period of the last 12 months amounting to 3.79. The Price to Book ratio for the last quarter was 2.61, with the Price to Cash per share for the same quarter was set at 1.66.

PEG stock trade performance evaluation

Public Service Enterprise Group Incorporated [PEG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.36. With this latest performance, PEG shares gained by 11.28% in over the last four-week period, additionally plugging by 17.78% over the last 6 months – not to mention a rise of 18.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PEG stock in for the last two-week period is set at 74.41, with the RSI for the last a single of trading hit 78.08, and the three-weeks RSI is set at 71.08 for Public Service Enterprise Group Incorporated [PEG]. The present Moving Average for the last 50 days of trading for this stock 67.99, while it was recorded at 73.54 for the last single week of trading, and 64.60 for the last 200 days.

Public Service Enterprise Group Incorporated [PEG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Public Service Enterprise Group Incorporated [PEG] shares currently have an operating margin of +10.47 and a Gross Margin at +10.47. Public Service Enterprise Group Incorporated’s Net Margin is presently recorded at -7.42.

Return on Equity for this stock declined to -4.26, with Return on Assets sitting at -1.31.

Public Service Enterprise Group Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for Public Service Enterprise Group Incorporated [PEG] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PEG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Public Service Enterprise Group Incorporated go to 2.50%.

Public Service Enterprise Group Incorporated [PEG]: Insider Ownership positions

There are presently around $26,913 million, or 72.70% of PEG stock, in the hands of institutional investors. The top three institutional holders of PEG stocks are: BLACKROCK INC. with ownership of 50,236,433, which is approximately -1.023% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 42,495,468 shares of the stock with an approximate value of $3.18 billion in PEG stocks shares; and STATE STREET CORP, currently with $2.12 billion in PEG stock with ownership of nearly 0.779% of the company’s market capitalization.

Positions in Public Service Enterprise Group Incorporated stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 474 institutional holders increased their position in Public Service Enterprise Group Incorporated [NYSE:PEG] by around 15,710,129 shares. Additionally, 365 investors decreased positions by around 20,026,621 shares, while 179 investors held positions by with 324,404,951 shares. The mentioned changes placed institutional holdings at 360,141,701 shares, according to the latest SEC report filing. PEG stock had 138 new institutional investments in for a total of 1,934,620 shares, while 57 institutional investors sold positions of 1,301,346 shares during the same period.