Brokerages Set Public Service Enterprise Group Incorporated (NYSE:PEG) PT at $92.32

Public Service Enterprise Group Incorporated (NYSE:PEG) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $92.3214.

A number of equities research analysts have weighed in on the stock. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $87.50 to $84.50 in a research report on Friday, March 13th. JPMorgan Chase & Co. increased their price objective on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets upped their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. Finally, Jefferies Financial Group lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $90.00 to $89.00 in a research report on Wednesday, April 15th.

Public Service Enterprise Group Price Performance

Shares of NYSE PEG opened at $81.77 on Friday. The firm has a 50-day simple moving average of $79.51 and a 200-day simple moving average of $80.92. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $40.75 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 3.04 and a beta of 0.51. Public Service Enterprise Group has a 52 week low of $76.05 and a 52 week high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts predict that Public Service Enterprise Group will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 9th. Public Service Enterprise Group’s payout ratio is presently 59.29%.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.51, for a total value of $167,702.33. Following the transaction, the chief executive officer owned 285,149 shares in the company, valued at approximately $22,957,345.99. This represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kim C. Hanemann sold 3,035 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total transaction of $248,870.00. Following the completion of the transaction, the chief operating officer owned 98,815 shares in the company, valued at $8,102,830. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 9,284 shares of company stock valued at $746,145. Corporate insiders own 0.19% of the company’s stock.

Institutional Trading of Public Service Enterprise Group

Several institutional investors and hedge funds have recently bought and sold shares of PEG. Chapman Financial Group LLC purchased a new position in Public Service Enterprise Group in the 2nd quarter valued at $25,000. Quest 10 Wealth Builders Inc. raised its position in Public Service Enterprise Group by 250.5% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock worth $28,000 after buying an additional 248 shares during the last quarter. Bayban acquired a new stake in shares of Public Service Enterprise Group in the 4th quarter worth $33,000. Motiv8 Investments LLC acquired a new stake in shares of Public Service Enterprise Group in the 4th quarter worth $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Public Service Enterprise Group in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

About Public Service Enterprise Group

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.