Key Highlights:
- Public Service Enterprise Group (PEG, Financial) maintains a quarterly dividend of $0.63, yielding 3.07%.
- Analysts' average one-year price target suggests a potential upside of 7.12%.
- Current brokerage recommendation averages at 2.5, indicating an "Outperform" rating.
Public Service Enterprise Group (PEG) has reaffirmed its commitment to providing value to its shareholders by maintaining its quarterly dividend at $0.63 per share. This dividend corresponds to a forward yield of 3.07%. Shareholders can expect the next payout on June 30, with June 9 set as the record date. The company's confidence in its growth prospects is underpinned by an ambitious $4 billion investment plan set to span until 2025, aiming for a 9% earnings growth.
Wall Street Analysts Forecast
Current insights from 15 analysts have led to an average price target of $87.84 for Public Service Enterprise Group Inc (PEG, Financial), with the most optimistic projection at $100.00 and a conservative estimate at $72.11. This median price target suggests a potential upside of 7.12% from the recent price of $82.00. For more detailed projections, visit the Public Service Enterprise Group Inc (PEG) Forecast page.
Furthermore, analysis from 21 brokerage firms has resulted in an average brokerage recommendation of 2.5 for PEG, categorizing it as "Outperform." This rating falls on a scale from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
GuruFocus's GF Value Estimation
According to GuruFocus estimates, the projected GF Value for Public Service Enterprise Group Inc (PEG, Financial) stands at $71.98 within the coming year. This suggests a downside of 12.22% relative to the current share price of $82. The GF Value is GuruFocus' calculated fair value, reflecting past trading multiples, business growth rates, and anticipated future performance. For an in-depth analysis, refer to the Public Service Enterprise Group Inc (PEG) Summary page.
