LADENBURG THALM/SH SH Has Lowered Expectations for Public Service Enterprise Group (NYSE:PEG) Stock Price

Public Service Enterprise Group (NYSE:PEG) had its target price cut by research analysts at LADENBURG THALM/SH SH from $80.50 to $75.50 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. LADENBURG THALM/SH SH‘s price objective would indicate a potential upside of 3.53% from the stock’s previous close.

A number of other brokerages have also issued reports on PEG. Royal Bank Of Canada dropped their target price on shares of Public Service Enterprise Group from $81.00 to $76.00 in a research report on Monday, October 26th. BTIG Research reduced their price target on shares of Public Service Enterprise Group from $94.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Wells Fargo & Company decreased their price target on shares of Public Service Enterprise Group from $89.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup dropped their price objective on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Finally, Jefferies Financial Group decreased their target price on Public Service Enterprise Group from $73.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.63.

Public Service Enterprise Group Stock Performance

NYSE:PEG traded down $1.45 during mid-day trading on Tuesday, hitting $72.93. 1,445,709 shares of the company’s stock traded hands, compared to its average volume of 3,074,751. The firm has a 50 day moving average of $71.23 and a two-hundred day moving average of $78.02. Public Service Enterprise Group has a 12 month low of $66.15 and a 12 month high of $87.63. The firm has a market capitalization of $36.35 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 2.48 and a beta of 0.48. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Monday, November 2nd. The utilities provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.04). Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities analysts forecast that Public Service Enterprise Group will post 4.38 earnings per share for the current fiscal year.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $67.48, for a total transaction of $140,560.84. Following the sale, the chief executive officer directly owned 279,490 shares of the company’s stock, valued at $18,859,985.20. This represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the sale, the senior vice president directly owned 20,970 shares of the company’s stock, valued at approximately $1,563,523.20. This represents a 27.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PEG. REAP Financial Group LLC boosted its holdings in shares of Public Service Enterprise Group by 11.3% in the 3rd quarter. REAP Financial Group LLC now owns 1,515 shares of the utilities provider’s stock valued at $102,000 after buying an additional 154 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in Public Service Enterprise Group by 22.5% during the first quarter. Y.D. More Investments Ltd now owns 866 shares of the utilities provider’s stock worth $70,000 after buying an additional 159 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Public Service Enterprise Group by 3.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 5,075 shares of the utilities provider’s stock worth $342,000 after buying an additional 181 shares during the last quarter. Miller Howard Investments Inc. NY raised its position in Public Service Enterprise Group by 0.6% during the third quarter. Miller Howard Investments Inc. NY now owns 30,687 shares of the utilities provider’s stock worth $2,066,000 after acquiring an additional 185 shares in the last quarter. Finally, Green Ridge Wealth Planning LLC raised its position in Public Service Enterprise Group by 7.1% during the second quarter. Green Ridge Wealth Planning LLC now owns 2,986 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 198 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Key Public Service Enterprise Group News

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

• Positive Sentiment: Wells Fargo lowered its price target to $87 from $89 but maintained an Overweight rating, implying about 19% upside from the cited share price. Article
• Neutral Sentiment: PSEG maintained 2026 non-GAAP operating EPS guidance of $4.28–$4.40, in line with the $4.38 analyst consensus midpoint. The company also cited a five-year regulated investment plan of $22.5 billion–$25.5 billion, supporting long-term infrastructure growth but requiring substantial investment. PSEG third-quarter results Long-term investor takeaways
• Negative Sentiment: Third-quarter non-GAAP operating EPS was $1.15, below analyst estimates of roughly $1.19–$1.21, while revenue of $3.02 billion missed the $3.19 billion consensus and fell 6.4% year over year. Net income was also lower than a year earlier, adding to investor concerns about the quarter. Q3 earnings miss Q3 profit report

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.