Public Service Enterprise Group with ticker code (PEG) have now 14 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 70 and 60 calculating the mean target price we have $65.36. Now with the previous closing price of $58.78 this indicates there is a potential upside of 11.2%. Also worth taking note is the 50 day moving average now sits at $60.15 and the 200 day moving average is $61.08. The total market capitalization for the company now stands at $29,537m. Visit the company website at: https://www.pseg.com
The potential market cap would be $32,844m 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 3.85% with the ex dividend date set at 9-3-2023 (DMY).
Other points of data to note are a P/E ratio of 28.75, revenue per share of 19.68 and a 2.41% return on assets.
