Brokerages Set Public Service Enterprise Group Incorporated (NYSE:PEG) PT at $93.42

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

A number of analysts have weighed in on the company. Truist Financial assumed coverage on Public Service Enterprise Group in a research report on Tuesday. They issued a “hold” rating and a $91.00 price target on the stock. Barclays upped their price target on Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Friday, March 27th. Argus upgraded Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. Finally, BMO Capital Markets upped their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research report on Monday, April 13th.

Public Service Enterprise Group Stock Performance

Shares of NYSE PEG opened at $80.24 on Tuesday. The business has a fifty day simple moving average of $82.89 and a 200 day simple moving average of $81.72. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $40.02 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.56 and a beta of 0.58. Public Service Enterprise Group has a one year low of $76.00 and a one year high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the company posted $0.84 earnings per share. Public Service Enterprise Group’s revenue was up 18.3% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Sell-side analysts expect that Public Service Enterprise Group will post 4.35 EPS for the current year.

Public Service Enterprise Group Announces Dividend

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

Insiders Place Their Bets

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,700 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total value of $390,100.00. Following the sale, the senior vice president directly owned 28,481 shares in the company, valued at $2,363,923. This represents a 14.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total value of $169,222.92. Following the sale, the chief executive officer owned 291,398 shares in the company, valued at $23,673,173.52. The trade was a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,866 shares of company stock worth $733,587 over the last quarter. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Public Service Enterprise Group

Several large investors have recently made changes to their positions in the business. iA Global Asset Management Inc. grew its holdings in shares of Public Service Enterprise Group by 1,280.8% during the first quarter. iA Global Asset Management Inc. now owns 25,199 shares of the utilities provider’s stock worth $2,040,000 after purchasing an additional 23,374 shares during the last quarter. MQS Management LLC bought a new stake in shares of Public Service Enterprise Group during the first quarter worth $704,000. Capital Investment Counsel LLC grew its holdings in shares of Public Service Enterprise Group by 4.5% during the first quarter. Capital Investment Counsel LLC now owns 67,463 shares of the utilities provider’s stock worth $5,461,000 after purchasing an additional 2,922 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. grew its holdings in shares of Public Service Enterprise Group by 9.8% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 15,706 shares of the utilities provider’s stock worth $1,271,000 after purchasing an additional 1,408 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Public Service Enterprise Group during the first quarter worth $344,000. Institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Company Profile

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.