Public Service Enterprise Group (NYSE:PEG) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Public Service Enterprise Group (NYSE:PEG) had its target price lowered by JPMorgan Chase & Co. from $81.00 to $77.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

A number of other research analysts have also recently issued reports on the company. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Morgan Stanley lowered their target price on shares of Public Service Enterprise Group from $91.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Weiss Ratings lowered shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Jefferies Financial Group dropped their target price on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Finally, Citigroup cut their price target on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Public Service Enterprise Group presently has a consensus rating of “Hold” and a consensus target price of $87.04.

Public Service Enterprise Group Stock Up 0.2%

NYSE PEG opened at $71.02 on Monday. Public Service Enterprise Group has a 1-year low of $66.15 and a 1-year high of $87.63. The company has a market capitalization of $35.40 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.66 and a beta of 0.50. The stock’s 50 day moving average is $71.54 and its two-hundred day moving average is $76.65. 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 earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%. Public Service Enterprise Group’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Equities analysts forecast that Public Service Enterprise Group will post 4.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the transaction, the senior vice president 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was 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 directly owned 279,490 shares in the company, valued at approximately $18,859,985.20. This represents a 0.74% decrease in their position. 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 have sold a total of 12,166 shares of company stock valued at $896,328 over the last ninety days. Insiders own 0.19% of the company’s stock.

Institutional Trading of Public Service Enterprise Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sage Private Wealth Group LLC bought a new position in shares of Public Service Enterprise Group in the third quarter valued at about $268,000. PFS Partners LLC grew its holdings in Public Service Enterprise Group by 27.6% during the 3rd quarter. PFS Partners LLC now owns 961 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 208 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Public Service Enterprise Group by 13.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 58,309 shares of the utilities provider’s stock worth $3,927,000 after acquiring an additional 6,819 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Public Service Enterprise Group by 314.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 504,441 shares of the utilities provider’s stock worth $33,969,000 after acquiring an additional 382,822 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Public Service Enterprise Group by 1.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 75,797 shares of the utilities provider’s stock worth $5,104,000 after acquiring an additional 1,399 shares during 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 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.