Public Service Enterprise Group Incorporated (NYSE:PEG) Receives $93.42 Average PT from Analysts

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) have been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $93.25.

Several research firms have recently commented on PEG. Wall Street Zen lowered shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Barclays boosted their price objective on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Truist Financial assumed coverage on shares of Public Service Enterprise Group in a research report on Tuesday, April 21st. They set a “hold” rating and a $91.00 price objective for the company. Argus upgraded shares of Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. Finally, BMO Capital Markets boosted their price objective on shares of Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research report on Monday, April 13th.

Insider Activity at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 4,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the sale, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total transaction of $169,222.92. Following the sale, the chief executive officer owned 291,398 shares of the company’s stock, valued at $23,673,173.52. This represents a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,866 shares of company stock valued at $733,587 in the last 90 days. 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. Empowered Funds LLC raised its position in Public Service Enterprise Group by 10.3% in the 1st quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock valued at $831,000 after purchasing an additional 940 shares during the last quarter. Woodline Partners LP raised its position in Public Service Enterprise Group by 40.7% in the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock valued at $3,464,000 after purchasing an additional 12,172 shares during the last quarter. Cresset Asset Management LLC raised its position in Public Service Enterprise Group by 27.6% in the 2nd quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider’s stock valued at $405,000 after purchasing an additional 1,040 shares during the last quarter. Jump Financial LLC raised its position in Public Service Enterprise Group by 70.4% in the 2nd quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider’s stock valued at $1,070,000 after purchasing an additional 5,250 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Public Service Enterprise Group by 3.0% in the 2nd quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider’s stock valued at $4,785,000 after purchasing an additional 1,649 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Up 0.8%

Shares of NYSE PEG traded up $0.66 during midday trading on Tuesday, hitting $80.87. The company’s stock had a trading volume of 301,945 shares, compared to its average volume of 2,814,027. The business’s fifty day simple moving average is $82.66 and its two-hundred day simple moving average is $81.71. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60. Public Service Enterprise Group has a 1 year low of $76.00 and a 1 year high of $91.25. The firm has a market capitalization of $40.33 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 3.04 and a beta of 0.58.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. 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 4.36 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, June 9th. Public Service Enterprise Group’s payout ratio is currently 63.51%.

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.