Public Service Enterprise Group (NYSE:PEG) Research Coverage Started at Truist Financial

Truist Financial initiated coverage on shares of Public Service Enterprise Group (NYSE:PEG) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $91.00 target price on the utilities provider’s stock.

A number of other equities analysts have also recently weighed in on PEG. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $87.50 to $84.50 in a report on Friday, March 13th. Evercore upgraded Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective for the company in a research report on Thursday, March 5th. Jefferies Financial Group lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $90.00 to $89.00 in a research report on Wednesday, April 15th. Scotiabank reissued a “sector perform” rating and issued a $92.00 price target on shares of Public Service Enterprise Group in a research note on Thursday, February 26th. Finally, Wells Fargo & Company boosted their price target on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Public Service Enterprise Group presently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

Public Service Enterprise Group Stock Up 2.2%

PEG stock opened at $80.24 on Tuesday. The firm has a market cap of $40.02 billion, a PE ratio of 19.01, a P/E/G ratio of 2.56 and a beta of 0.58. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80. The firm’s fifty day moving average is $82.89 and its 200 day moving average is $81.72. 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 quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.68 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The company’s revenue 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, research analysts forecast that Public Service Enterprise Group will post 4.35 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a $0.67 dividend. 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 dividend payout ratio (DPR) is 63.51%.

Insider Buying and Selling

In other news, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction that occurred 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 of the company’s stock, valued at $2,363,923. The trade was 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 link. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total value of $169,222.92. Following the completion of the transaction, the chief executive officer directly owned 291,398 shares of the company’s stock, valued at approximately $23,673,173.52. This represents a 0.71% decrease in their ownership of the stock. 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 sold 8,866 shares of company stock worth $733,587 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of hedge funds have recently modified their holdings of PEG. Capital Investment Counsel LLC lifted its stake in shares of Public Service Enterprise Group by 4.5% in the first quarter. Capital Investment Counsel LLC now owns 67,463 shares of the utilities provider’s stock worth $5,461,000 after buying an additional 2,922 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. grew its stake in Public Service Enterprise Group by 9.8% during the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 15,706 shares of the utilities provider’s stock valued at $1,271,000 after acquiring an additional 1,408 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in Public Service Enterprise Group in the 1st quarter valued at about $344,000. Janney Montgomery Scott LLC raised its holdings in Public Service Enterprise Group by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 71,518 shares of the utilities provider’s stock valued at $5,789,000 after acquiring an additional 1,948 shares during the last quarter. Finally, Kenora Financial LLC lifted its stake in Public Service Enterprise Group by 14.5% in the 1st quarter. Kenora Financial LLC now owns 8,941 shares of the utilities provider’s stock worth $724,000 after purchasing an additional 1,130 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

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.