Public Service Enterprise Group Incorporated – Consensus ‘buy’ rating and 2.4% Upside Potential

Broker Ratings
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Public Service Enterprise Group Incorporated with ticker code (PEG) have now 15 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 $73.00 and $61.00 with the average target price sitting at $67.30. Given that the stocks previous close was at $65.74 this is indicating there is a potential upside of 2.4%. There is a 50 day moving average of $63.81 and the 200 moving average now moves to $61.73. The market capitalization for the company is 33.26B. The stock price for the company is currently $66.71 USD

The potential market cap would be $34,050,010,725 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 13, revenue per share of $22.56 and a 4.37% return on assets.

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company also operates as an energy company that is consisting primarily of a regulated electric and gas utility and a nuclear generation business. The Company principally conducts its business through two direct wholly owned subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). Its segments include PSE&G and PSEG Power. Its PSE&G segment is principally engaged in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. PSE&G segment also invests in regulated solar generation projects and energy-related programs in New Jersey. PSEG Power segment is an energy supply company that integrates the operations of its merchant nuclear and fossil generating assets with its fuel supply functions through energy sales in energy markets through its principal direct wholly owned subsidiaries.

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