Public Service Enterprise Group (NYSE:PEG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Public Service Enterprise Group (NYSE:PEG) had its target price hoisted by equities researchers at Wells Fargo & Company from $96.00 to $97.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 22.15% from the stock’s current price.

Several other equities analysts also recently commented on PEG. Scotiabank restated a “sector perform” rating and set a $92.00 target price on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. Evercore upgraded shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 target price on the stock in a research note on Thursday, March 5th. Argus raised shares of Public Service Enterprise Group to a “strong-buy” rating in a report on Wednesday, January 14th. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $87.50 to $84.50 in a research note on Friday, March 13th. Finally, Barclays raised their target price on Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.42.

Public Service Enterprise Group Stock Performance

PEG traded down $0.32 during trading on Wednesday, reaching $79.41. 524,799 shares of the company’s stock were exchanged, compared to its average volume of 2,806,397. The company has a market capitalization of $39.60 billion, a P/E ratio of 18.82, a PEG ratio of 3.03 and a beta of 0.53. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28. The business has a 50 day moving average price of $82.25 and a 200 day moving average price of $81.66. Public Service Enterprise Group has a fifty-two week low of $76.00 and a fifty-two week high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last released 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. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts predict that Public Service Enterprise Group will post 4.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction on Friday, May 1st. The stock was sold at an average price of $81.21, for a total transaction of $169,160.43. Following the completion of the sale, the chief executive officer owned 289,315 shares of the company’s stock, valued at approximately $23,495,271.15. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the business’s stock in a transaction dated 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 directly owned 28,481 shares of the company’s stock, valued at $2,363,923. This represents a 14.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 10,949 shares of company stock worth $902,747. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PEG. Vanguard Group Inc. lifted its position in Public Service Enterprise Group by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider’s stock worth $5,420,155,000 after purchasing an additional 2,189,951 shares during the period. State Street Corp raised its position in shares of Public Service Enterprise Group by 2.8% in the 4th quarter. State Street Corp now owns 28,361,198 shares of the utilities provider’s stock valued at $2,277,404,000 after buying an additional 762,591 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Public Service Enterprise Group by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 17,773,378 shares of the utilities provider’s stock worth $1,483,366,000 after acquiring an additional 236,794 shares during the period. Geode Capital Management LLC boosted its position in shares of Public Service Enterprise Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider’s stock worth $1,021,475,000 after acquiring an additional 114,351 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Public Service Enterprise Group by 8.1% in the third quarter. Ameriprise Financial Inc. now owns 8,657,207 shares of the utilities provider’s stock valued at $722,546,000 after acquiring an additional 648,140 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

Trending Headlines about Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: Q1 beat — PSEG reported $1.55 EPS and $3.85B revenue, above consensus, with operating income up (roughly $1.08B). The strong top- and bottom-line print and higher volumes support near-term cash flow and validate utility fundamentals. Earnings Release
• Positive Sentiment: Large regulated capex plan — Management outlined $22.5B–$25.5B of regulated capex through 2030, signaling material rate base growth opportunities that can drive long?term earnings and dividend support. Capex Article
• Positive Sentiment: Dividend maintained — Company announced a $0.67 quarterly dividend ($2.68 annualized, ~3.4% yield), supporting income investors and the stock’s yield narrative. Dividend & Earnings Detail
• Neutral Sentiment: FY?2026 guidance largely in line — Management set operating EPS guidance of $4.28–$4.40 (street ~4.37). The range overlaps consensus but the midpoint is slightly conservative, limiting near-term upside. Guidance
• Neutral Sentiment: Earnings call available — Transcripts/slide deck provide management commentary on rate cases, storm timing and capital deployment; these details will matter for future quarters but require deeper rate?case/regulatory read. Call Transcript
• Negative Sentiment: Insider sale — CEO Ralph Larossa sold 2,083 shares (~0.71% reduction of his holdings) under a pre?arranged 10b5?1 plan. Routine and small, but some investors interpret insider selling as a mild negative. SEC Filing

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.