After A Decline Of -16.82% From The High, Can Public Service Enterprise Group Inc (NYSE: PEG) Recover Quickly?

Public Service Enterprise Group Inc (NYSE:PEG)’s traded shares stood at 0.77 million during the latest session, with the company’s beta value hitting 0.50. At the last check today, the stock’s price was $81.51, to imply an increase of 0.87% or $0.7 in intraday trading. The PEG share’s 52-week high remains $95.22, putting it -16.82% down since that peak but still an impressive 11.8% since price per share fell to its 52-week low of $71.89.

Analysts have given a consensus recommendation of Buy for Public Service Enterprise Group Inc (PEG), translating to a mean rating of 2.41. Of 5 analyst(s) looking at the stock, 0 analyst(s) give PEG a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 3 recommend it as a Buy.

Public Service Enterprise Group Inc (NYSE:PEG) trade information

After registering a 0.87% upside in the latest session, Public Service Enterprise Group Inc (PEG) has traded red over the past five days. The 5-day price performance for the stock is 2.10%, and 5.05% over 30 days. With these gigs, the year-to-date price performance is -3.53%.

The extremes give us $70 and $89 for target low and target high price respectively. As such, PEG has been trading -9.19% off suggested target high and 14.12% from its likely low.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 1.20% for the past 5-year period. While 2025 is set for a 9.08% return in earnings, projections for the next 5 years are at 7.86% annually.

PEG Dividends

Public Service Enterprise Group Inc has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Public Service Enterprise Group Inc has a forward dividend ratio of 2.46, with the share yield ticking at 3.02% to continue the rising pattern observed over the past year.

The next major institution holding the largest number of shares is BLACKROCK INC. with 53.17 million shares, or about 10.677% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.92 billion.

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