Public Service Enterprise Group Inc. (NYSE:PEG) shares, rose in value on Friday, October 11, with the stock price down by -1.33% to the previous day’s close as strong demand from buyers drove the stock to $87.52.
Actively observing the price movement in the recent trading, the stock is buoying the session at $88.70, falling within a range of $85.2 and $87.985. The value of beta (5-year monthly) is 0.627 whereas the PE ratio is 26.51 over 12-month period. Referring to stock’s 52-week performance, its high was $92.20, and the low was $56.85. On the whole, PEG has fluctuated by 5.05% over the past month.
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With the market capitalization of Public Service Enterprise Group Inc. currently standing at about $43.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-29. The company’s Forward Dividend Ratio is 2.37, with its dividend yield at 2.71%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PEG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.08, with the price of PEG currently trading nearly -0.84% and 4.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.11, while the 7-day volatility ratio is showing 1.97% which for the 30-day chart, stands at 1.80%. Furthermore, Public Service Enterprise Group Inc. (PEG)’s beta value is 0.63, and its average true range (ATR) is 1.74.
A comparison of Public Service Enterprise Group Inc. (PEG) with its peers suggests the former has fared considerably weaker in the market. PEG showed an intraday change of -1.33% in today’s session so far, and over the past year, it grew by 44.02%%.
Data on historical trading for Public Service Enterprise Group Inc. (NYSE:PEG) indicates that the trading volumes over the past 10 days have averaged 2.51 and over the past 3 months, they’ve averaged 2.77 million. According to company’s latest data on outstanding shares, there are 498.00 million shares outstanding.
Nearly 0.12% of Public Service Enterprise Group Inc.’s shares belong to company insiders and institutional investors own 75.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.54 million shares as on 2024-09-30, resulting in a short ratio of 2.13. According to the data, the short interest in Public Service Enterprise Group Inc. (PEG) stood at 171.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 5.88 million. The stock has risen by 43.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PEG stock heading into the next quarter.
