PEG Stock Summary and Trading Ideas (Public Service Enterprise Group | NYSE:PEG)

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.2 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.

Public Service Enterprise Group trades on the NYSE stock market under the symbol PEG.

As of April 19, 2024, PEG stock price climbed to $65.74 with 2,791,771 million shares trading.

PEG has a beta of 0.42, meaning it tends to be less sensitive to market movements. PEG has a correlation of 0.08 to the broad based SPY ETF.

PEG has a market cap of $32.79 billion. This is considered a Large Cap stock.

Last quarter Public Service Enterprise Group reported $3 billion in Revenue and $.54 earnings per share. This beat revenue expectation by $205 million and exceeded earnings estimates by $.02.

In the last 3 years, PEG stock traded as high as $75.61 and as low as $52.51.

The top ETF exchange traded funds that PEG belongs to (by Net Assets): VTI, VOO, VO, XLU, SPY.

PEG stock has underperformed the market in the last year with a return of +6.6%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PEG shares. However, PEG has outperformed the market in the last 3 month and 2 week periods, returning +13.7% and -0.6%, while SPY returned +4.3% and -3.5%, respectively. This indicates PEG has been having a stronger performance recently.

PEG support price is $64.39 and resistance is $65.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PEG stock will trade within this expected range on the day.