Shares of Public Service Enterprise Group Incorporated (NYSE:PEG – Get Free Report) have earned an average recommendation of “Hold” from the seventeen analysts that are covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $89.2333.
PEG has been the subject of several recent analyst reports. Weiss Ratings cut Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Truist Financial cut their price objective on shares of Public Service Enterprise Group from $90.00 to $84.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Morgan Stanley reduced their price objective on shares of Public Service Enterprise Group from $91.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Wall Street Zen lowered shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Royal Bank Of Canada initiated coverage on shares of Public Service Enterprise Group in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 target price on the stock.
Read Our Latest Stock Report on PEG
Insider Buying and Selling
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Westfuller Advisors LLC increased its position in Public Service Enterprise Group by 7.3% during the 1st quarter. Westfuller Advisors LLC now owns 1,891 shares of the utilities provider’s stock valued at $153,000 after buying an additional 129 shares in the last quarter. Key Financial Inc raised its stake in shares of Public Service Enterprise Group by 2.6% in the fourth quarter. Key Financial Inc now owns 5,221 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 133 shares during the last quarter. CFS Investment Advisory Services LLC raised its holdings in shares of Public Service Enterprise Group by 1.0% during the fourth quarter. CFS Investment Advisory Services LLC now owns 13,296 shares of the utilities provider’s stock valued at $1,068,000 after purchasing an additional 138 shares during the last quarter. Y.D. More Investments Ltd increased its position 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 valued at $70,000 after acquiring an additional 159 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in Public Service Enterprise Group by 0.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 18,430 shares of the utilities provider’s stock valued at $1,480,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.
Public Service Enterprise Group Stock Down 0.2%
Shares of NYSE:PEG opened at $69.15 on Friday. The stock has a market capitalization of $34.46 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.61 and a beta of 0.50. Public Service Enterprise Group has a 1-year low of $68.90 and a 1-year high of $87.63. The company’s fifty day moving average is $74.88 and its two-hundred day moving average is $78.52. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%.The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The business’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. Equities analysts anticipate that Public Service Enterprise Group will post 4.36 EPS for the current year.
Public Service Enterprise Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 9th. Public Service Enterprise Group’s payout ratio is presently 66.67%.
Public Service Enterprise Group Company Profile
Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Through its principal subsidiary, Public Service Electric and Gas Company (PSE&G), it provides regulated electric and natural gas transmission, distribution and delivery services to residential, commercial and industrial customers, primarily in New Jersey.
PSEG also owns PSEG Power, which operates and manages a diverse portfolio of electric-generating facilities, including nuclear, natural gas and renewable energy assets.
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