Public Service Enterprise Group with ticker code (PEG) have now 14 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 70 and 60 and has a mean target at $65.32. Given that the stocks previous close was at $63.59 this indicates there is a potential upside of 2.7%. Also worth taking note is the 50 day moving average now sits at $60.44 while the 200 day moving average is $61.13. The company has a market cap of $31,717m. Company Website: https://www.pseg.com
The potential market cap would be $32,580m based on the market consensus.
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in Mid-Atlantic United States. The company operates through PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2022, it had electric transmission and distribution system of 25,000 circuit miles and 864,000 poles; 55 switching stations with an installed capacity of 39,653 megavolt-amperes (MVA), and 235 substations with an installed capacity of 9,735 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 56 natural gas metering and regulating stations. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.
The company has a dividend yield of 3.59% with the ex dividend date set at 9-3-2023 (DMY).
Other points of data to note are a P/E ratio of 30.82, revenue per share of 19.68 and a 2.41% return on assets.
