How to Buy Public Service Enterprise Group Stock
Public Service Enterprise Group Inc
Public Service Enterprise Group is a regulated electric utility company located in New Jersey, United States, which is part of the Utilities sector, and is traded under the ticker PEG on the NYSE exchange.
Public Service Enterprise Group stock last closed at $68.09, up 1.28% from the previous day, and has increased 6.56% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.17 percentage points. Public Service Enterprise Group stock is currently +26.77% from its 52-week low of $53.71, and -0.31% from its 52-week high of $68.31.
As of Apr 25, 2024, there are 498.59M shares of PEG outstanding. The market value of PEG is $33.95B. In the past 24 hours, 2.53M PEG shares were traded.
How to Buy Public Service Enterprise Group Stock
Not sure how to invest in Public Service Enterprise Group stock? Here's how.
- Figure out where to buy Public Service Enterprise Group stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Public Service Enterprise Group stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your payment method and add your information.
- Analyze Public Service Enterprise Group stock: The Public Service Enterprise Group ticker symbol is PEG. Is Public Service Enterprise Group stock a good investment? Should you buy shares of PEG? How do PEG's underlying business fundamentals look? Do top analysts think Public Service Enterprise Group is a good buy? Why has PEG's stock price moved recently? (Hint: Our stock market analysis website can help you understand if PEG is a good stock to buy).
- Make your PEG buy order: Decide if you will purchase PEG shares at the current market price or use a limit order to buy PEG stock at a given price.
- Get notifications regarding your PEG position: Create a watchlist to monitor your new investment in Public Service Enterprise Group stock.
Step 1: Figure out where to buy Public Service Enterprise Group stock
You need an online brokerage account to access the NYSE market and buy PEG shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal info so you are able to buy PEG today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your brokerage account
Now that you've opened your account on the stocks app, you need to deposit funds:
Check out the tutorial below if you need help transferring money into your investment account.
Step 4: Analyze Public Service Enterprise Group stock
After you have figured out the best place to buy Public Service Enterprise Group stock, it's important to evaluate their stock prior to investing, so you truly comprehend the risk as well as the upside.
Public Service Enterprise Group shares quick numbers
Public Service Enterprise Group Fundamentals
WallStreetZen was created to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on PEG's stock page.
What is the fair value of PEG stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PEG's intrinsic value.
Using relative valuations metrics:
- PEG may be undervalued based on its P/E ratio of 13.22x, relative to Utilities - Regulated Electric industry P/E ratio of 16.59x
- PEG may be overvalued based on its P/B ratio of 2.19x, relative to Utilities - Regulated Electric industry P/B ratio of 1.64x
You can do more valuation analysis on PEG's stock here.
PEG Financial Health
Positive Financial Indicators:
- PEG earnings of $3.83B is not enough to cover its interest payments.
- PEG profit margin has gone up from 10.5% to 22.8% in the past year.
Negative Financial Indicators:
- PEG has a relatively high debt to equity ratio of 2.28.
- Total PEG debt is higher than 5 years ago, relative to shareholder equity.
- PEG's operating cash flow of $3.81B allows it to safely service it's debt of $20.55B.
- There are more short-term liabilities than short-term assets on the PEG balance sheet.
- There are more long-term liabilities than short-term assets on the PEG balance sheet.
Is PEG stock a Buy, Hold, or Sell, according to analysts?
Out of 11 Equities analysts who track PEG, the consensus analyst rating on PEG is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent PEG Analyst Ratings
Neil Kalton, a top 15% analyst from Wells Fargo maintains PEG with a strong buy rating and raises their PEG price target from $68.00 to $70.00, on Mar 19, 2024.
Wells Fargo's Neil Kalton raised their price target on Public Service Enterprise Group (NYSE: PEG) by 2.9% from $68 to $70 on 2024/03/19. The analyst maintained their Strong Buy rating on the stock.
The analyst pointed to the company's stronger P/E multiple relative to Regulated Electric peers to justify their price target update.
Public Service Enterprise Group's 3,700 MW non-regulated nuclear fleet generated strong free cash flow with potential upside, providing an "attractive source of equity capital for utility operations," Kalton said.
Management has the resources required to execute on the utility's large Capex plan without any need for new equity, the analyst added.
Shelby Tucker, a top 21% analyst from RBC Capital maintains PEG with a buy rating and raises their PEG price target from $70.00 to $72.00, on Mar 7, 2024.
James Thalacker, a top 17% analyst from BMO Capital maintains PEG with a hold rating and lowers their PEG price target from $64.00 to $63.00, on Feb 27, 2024.
Shahriar Pourreza, a top 28% analyst from Guggenheim downgrades PEG to a hold rating and announces their PEG price target of $61.00, on Jan 22, 2024.
Eric Beaumont, a top 13% analyst from Barclays maintains PEG with a strong buy rating and raises their PEG price target from $64.00 to $65.00, on Jan 22, 2024.
You can dig deeper into what analysts are saying on the Public Service Enterprise Group stock forecast page.
PEG Momentum
PEG Performance Numbers
Last year, PEG earnings were $2.56B. In the last five year, PEG's earnings have grown by 12.56% per year. This was slower than the Utilities - Regulated Electric industry average of 15.84%.
Last year, PEG revenue was $11.24B. In the past 5 year, PEG's revenue has increased by 2.99% per year. This was slower than the Utilities - Regulated Electric industry average of 3.97%.
Find out more about PEG's earnings and revenue performance here.
What are PEG insiders up to?
In the past 12 months, executives and large shareholders at PEG have bought more shares than they have sold.
Rose M. Chernick, Vice President and Controller of PEG, was the latest PEG insider to sell. They sold $13,156.00 worth of PEG shares on Apr 22, 2024.
Learn more about who owns PEG stock here.
Does PEG provide a stable income stream?
Public Service Enterprise Group pays a dividend of 3.39%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.96%. If you owned $1,000 worth of PEG stock, you would have been paid $33.93 in the past 12 months.
Public Service Enterprise Group dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Public Service Enterprise Group dividend yield and history here.
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Step 5: Make your PEG buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, use a limit order.
Click the Open button and eToro will execute the order.
If you require more help with buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your PEG position
Now that you own some shares in PEG, you'll want to keep up with your shares.
Make a watchlist to track the most important metrics related to your PEG stock.
PEG Feed
How to Buy Stock in Public Service Enterprise Group
To reiterate, here are the 6 steps you need to take to buy Public Service Enterprise Group stock right now:
- Figure out where to buy Public Service Enterprise Group stock
- Sign up for a brokerage account
- Fund your brokerage account
- Analyze Public Service Enterprise Group stock
- Make your PEG buy order
- Get notifications regarding your PEG position
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Public Service Enterprise Group, add PEG to your watchlist by clicking the button below.
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