Public Service Enterprise Group Reaches New 52-Week High (PEG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Public Service Enterprise Group (NYSE: PEG) hit a new 52-week high Friday as it is currently trading at $35.62, above its previous 52-week high of $35.42 with 1.4 million shares traded as of 1:35 p.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Public Service Enterprise Group has a market cap of $17.76 billion and is part of the utilities sector and utilities industry. Shares are up 15.6% year to date as of the close of trading on Thursday.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the northeastern and mid Atlantic United States. The company has a P/E ratio of 14, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Public Service Enterprise Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Public Service Enterprise Group Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
null

If you liked this article you might like

8 Stocks That Are Ready to Change Direction

8 Stocks That Are Ready to Change Direction

Meet 4 Women Serving on the Boards of 4 Companies at the Same Time

Meet 4 Women Serving on the Boards of 4 Companies at the Same Time

Four Women Match Men Sitting on the Most S&P 500 Boards

Four Women Match Men Sitting on the Most S&P 500 Boards

PSEG (PEG) Stock Gaining, Goldman Upgrades

PSEG (PEG) Stock Gaining, Goldman Upgrades

NRG Energy Is Friday's Biggest Utility Loser

NRG Energy Is Friday's Biggest Utility Loser