Public Service Enterprise Group Incorporated [NYSE: PEG] closed the trading session at $59.18 on 03/16/23. The day’s price range saw the stock hit a low of $57.905, while the highest price level was $59.26. The company report on March 9, 2023 that PSEG 2023 Investor Conference Highlights Improved Business Mix and Platform for Predictable Growth.
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The stocks have a year to date performance of -3.41 percent and weekly performance of 2.46 percent. The stock has been moved at -12.03 percent over the last six months. The stock has performed -3.24 percent around the most recent 30 days and changed -3.17 percent over the most recent 3-months.
If compared to the average trading volume of 2.35M shares, PEG reached to a volume of 3177102 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 $66.60 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 2.30. 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.
Wolfe Research have made an estimate for Public Service Enterprise Group Incorporated shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on November 17, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on April 26, 2022, representing the official price target for Public Service Enterprise Group Incorporated stock. Previously, the target price had yet another raise to $69, while Citigroup analysts kept a Neutral rating on PEG stock.
The Average True Range (ATR) for Public Service Enterprise Group Incorporated is set at 1.47, with the Price to Sales ratio for PEG stock in the period of the last 12 months amounting to 3.09. The Price to Book ratio for the last quarter was 2.15, with the Price to Cash per share for the same quarter was set at 0.91.
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 2.46. With this latest performance, PEG shares dropped by -3.24% in over the last four-week period, additionally sinking by -12.03% over the last 6 months – not to mention a drop of -12.36% 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 47.84, with the RSI for the last a single of trading hit 50.31, and the three-weeks RSI is set at 47.37 for Public Service Enterprise Group Incorporated [PEG]. The present Moving Average for the last 50 days of trading for this stock 60.79, while it was recorded at 57.95 for the last single week of trading, and 61.43 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 +28.14 and a Gross Margin at +28.14. Public Service Enterprise Group Incorporated’s Net Margin is presently recorded at +8.93.
Return on Equity for this stock inclined to 7.32, with Return on Assets sitting at 2.11.
Public Service Enterprise Group Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.
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 1.90%.
Public Service Enterprise Group Incorporated [PEG]: Insider Ownership positions
There are presently around $21,383 million, or 72.90% of PEG stock, in the hands of institutional investors. The top three institutional holders of PEG stocks are: BLACKROCK INC. with ownership of 57,383,954, which is approximately 5.434% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 44,809,872 shares of the stock with an approximate value of $2.65 billion in PEG stocks shares; and STATE STREET CORP, currently with $1.84 billion in PEG stock with ownership of nearly -1.819% of the company’s market capitalization.
Positions in Public Service Enterprise Group Incorporated stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 452 institutional holders increased their position in Public Service Enterprise Group Incorporated [NYSE:PEG] by around 35,570,733 shares. Additionally, 405 investors decreased positions by around 31,239,820 shares, while 169 investors held positions by with 294,504,970 shares. The mentioned changes placed institutional holdings at 361,315,523 shares, according to the latest SEC report filing. PEG stock had 118 new institutional investments in for a total of 1,817,363 shares, while 73 institutional investors sold positions of 3,890,063 shares during the same period.