Public Service Enterprise Group
Public Service Enterprise Group (PEG) is a diversified utility that provides electricity and gas to nearly 4 million customers. PEG stock has been placed relatively better compared to its peers this year. PEG stock has fallen ~2%, while broader utilities (XLU) (IDU) have fallen more than 6% year-to-date.
Currently, PEG’s EV-to-EBITDA multiple is ~11.3x—compared to its five-year historical multiple of 8x. PEG stock appears fairly pricey compared to the industry average and its historical average.
PEG is trading at a PE (price-to-earnings) ratio of 20x, while its historical PE ratio is ~19x.
According to Wall Street analysts, PEG has a mean target price of $54.3—compared to its current market price of $50.80, which indicates flattish movement from PEG stock going forward.
Among the 14 analysts covering PEG, three recommend it as a “strong buy,” six recommend it as a “buy,” and five recommend it as a “hold.” None of the analysts recommend the stock as a “sell” as of May 9.
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