Public Service Enterprise Group to Release Earnings Report

Investors and market watchers are preparing for the Public Service Enterprise Group (NYSE: PEG) earnings report, which is scheduled to be made public prior to the market opening on Monday, February 26th. Financial analysts are projecting that the company will announce earnings of $0.53 per share for that quarter. Interested parties are invited to join the company's earnings conference call and can register through the provided link.

Company's Financial Health Indicators

As of the last trading session, shares of the Public Service Enterprise Group stood at $60.75. The company holds a market capitalization of $30.27 billion and trades with a price-to-earnings (P/E) ratio of 10.83. The stock is also evaluated with a P/E/G ratio of 3.37 and has a beta of 0.57, indicating its volatility in relation to the market. Its quick ratio is recorded at 0.45, with a current ratio of 0.63, and a debt-to-equity ratio of 1.12. Regarding moving averages, the stock's 50-day is at $59.81 and the 200-day at $60.62. Public Service Enterprise Group's stock has fluctuated between a 12-month low of $53.71 and a high of $65.46.

Recent Dividend Announcement

The company has also declared a quarterly dividend, set to be paid on March 29th to shareholders recorded as of March 8th. The dividend will be an increased amount of $0.60 compared to the previous $0.57 per quarter, reflecting an annualized rate of $2.40 and a yield of 3.95%. The ex-dividend date is established for March 7th, and the current dividend payout ratio stands at 40.64%.

Insider Activity

In a related development, CEO Ralph A. Larossa sold 1,374 shares of the company's stock, valued at $86,575.74, on December 1st. Post-transaction, the CEO holds 110,702 shares valued close to $6.98 million. Details of this transaction were disclosed in SEC filings, accessible through a provided hyperlink. Insiders have sold 1,774 shares valued at approximately $110,378 over the last three months, with insiders owning 0.57% of the company's stock.

Institutional Investments

In recent activities, several institutional investors and hedge funds have made adjustments to their holdings in PEG. Notably, ICA Group Wealth Management LLC and Clear Street Markets LLC each acquired new positions in the company during the 4th quarter, valued at about $31,000 respectively. Bartlett & CO. Wealth Management LLC enhanced their investment by 270.3%, now owning 685 shares valued at $42,000. Additionally, Harbour Investments Inc. doubled its stake in the company in the 1st quarter, owning 802 shares worth $50,000. Strategic Investment Solutions Inc. IL also initiated a new position in the 1st quarter worth roughly $82,000. Institutional investors currently own 72.28% of the company's stock.

Analyst Perspectives

Several brokerages have recently provided their insights on PEG. While StockNews.com downgraded the stock from 'hold' to 'sell', JPMorgan Chase & Co. and Morgan Stanley both issued 'overweight' ratings, with price objectives of $70.00 and $62.00 respectively. Barclays also gave an 'overweight' rating, increasing their price target to $65.00. On the other hand, Guggenheim adjusted their stance to 'neutral' with a price target of $61.00. Public Service Enterprise Group currently has a mixed consensus rating of 'Hold' with an average price target of $63.95 as per MarketBeat.

Company Overview

Public Service Enterprise Group Incorporated operates chiefly in the Mid-Atlantic United States through its subsidiaries. Its segments include PSE&G and PSEG Power, focusing on electricity transmission, distribution to various customer categories, investments in solar projects, and energy efficiency initiatives. It also provides appliance repair services.

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