(PEG) Public Service Enterprise - Ratings and Ratios

Public Service Enterprise Group Incorporated is a multi-utility company operating in the United States, providing essential services through its subsidiaries. The companys operations are divided into two main segments: PSE&G and PSEG Power. PSE&G is responsible for transmitting and distributing electricity and natural gas to a wide range of customers, while also investing in solar generation projects and energy efficiency programs. Meanwhile, PSEG Power focuses on nuclear generation and supplying power and natural gas to nuclear power plants and gas storage facilities.

The companys extensive infrastructure includes a significant electric transmission and distribution system, comprising 25,000 circuit miles and 869,000 poles, as well as numerous switching stations, substations, and gas mains. Additionally, PSEG has been investing in renewable energy, with 158 MegaWatts of installed PV solar capacity. With a history dating back to 1903, the company is headquartered in Newark, New Jersey, and is committed to providing reliable and efficient services to its customers.

From a technical analysis perspective, PEGs stock price is currently at $81.90, with a short-term bullish trend indicated by its SMA20 and SMA50 values. However, the stock is still below its SMA200, suggesting a potential long-term bearish trend. The ATR indicates a moderate level of volatility, with a 2.21% daily price movement. Given the current support and resistance levels, a potential trading range for PEG is between $79.3 and $85.7.

Using both technical and fundamental data, a forecast for PEG can be made. With a P/E ratio of 21.72 and a forward P/E of 20.20, the companys stock is relatively fairly valued. The RoE of 11.36% indicates a stable return on equity. Considering the current technical trends and fundamental data, a potential price target for PEG could be around $85-$90 in the short term, driven by its bullish short-term trend and relatively stable fundamental metrics. However, a break below the support level of $79.3 could indicate a potential downturn, with a target price around $72.8.