Drilling Down Into Public Service Enterprise Group Incorporated (PEG)

Public Service Enterprise Group Incorporated (PEG) is an interesting player in the Utilities space, with a focus on Diversified Utilities. The stock has been active on the tape, currently trading at $51.93, up from yesterday’s close by 2.20%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Public Service Enterprise Group Incorporated (PEG) currently trades with a market capitalization of $26.30 Billion. That value represents a market adjusting for revenues that have been growing by 8.72 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$976 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.64 on a per share basis this quarter. Perhaps, that suggests something about why 0.37% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Public Service Enterprise Group Incorporated recorded a 52-week high of $53.33. It is now trading 1.4% off that level. The stock is trading $50.94 its 50-day moving average by -0.99%. The stock carved out a 52-week low down at $41.67.

In recent action, Public Service Enterprise Group Incorporated (PEG) has made a move of +2.04% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.03% with $504.46 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PEG.

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