Public Service Enterprise Group (NYSE:PEG) Stock Price Target Lowered at Royal Bank Of Canada

Posted by George Bondi on Oct 27th, 2026

Public Service Enterprise Group (NYSE:PEG – Free Report) had its target price decreased by Royal Bank Of Canada from $81.00 to $76.00 in a research report sent to investors on Monday.

PEG has been the topic of a number of other research reports. Citigroup lowered their price objective on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings downgraded Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Bank of America reduced their price target on Public Service Enterprise Group from $87.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley lowered their price target on shares of Public Service Enterprise Group from $88.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Finally, Jefferies Financial Group dropped their price objective on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating for the company in a report on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.00.

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Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock traded up $0.17 during midday trading on Monday, hitting $72.28. 519,017 shares of the company were exchanged, compared to its average volume of 3,054,288. The business has a fifty day simple moving average of $71.45 and a two-hundred day simple moving average of $78.17. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88. The firm has a market capitalization of $36.03 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.70 and a beta of 0.50. Public Service Enterprise Group has a fifty-two week low of $66.15 and a fifty-two week high of $87.63.

Public Service Enterprise Group (NYSE:PEG – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The company’s revenue was down 8.9% 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, sell-side analysts forecast that Public Service Enterprise Group will post 4.38 earnings per share for the current year.

Insider Activity

In other news, CEO Ralph LaRossa sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $67.48, for a total value of $140,560.84. Following the completion of the transaction, the chief executive officer owned 279,490 shares of the company’s stock, valued at approximately $18,859,985.20. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard 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 transaction, the senior vice president directly owned 20,970 shares of the company’s stock, valued at approximately $1,563,523.20. The trade was a 27.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,166 shares of company stock worth $896,328 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth approximately $4,366,570,000. State Street Corp boosted its holdings in shares of Public Service Enterprise Group by 1.4% in the 2nd quarter. State Street Corp now owns 29,481,434 shares of the utilities provider’s stock valued at $2,392,713,000 after buying an additional 399,191 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $1,207,400,000. Legal & General Group Plc purchased a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $554,994,000. Finally, Amundi grew its position in shares of Public Service Enterprise Group by 71.6% in the 2nd quarter. Amundi now owns 3,962,317 shares of the utilities provider’s stock valued at $321,580,000 after buying an additional 1,653,832 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

About Public Service Enterprise Group

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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.