Public Service Enterprise Group Incorporated (NYSE:PEG) Stock Has Consensus Price Target of $89.23

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) have received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $88.83.

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Morgan Stanley reduced their target price on shares of Public Service Enterprise Group from $91.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Jefferies Financial Group reduced 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 note on Monday, July 20th. Weiss Ratings downgraded Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price target on the stock.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $67.48, for a total transaction of $140,560.84. Following the sale, the chief executive officer directly owned 279,490 shares in the company, valued at approximately $18,859,985.20. The trade was a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the business’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 value of $596,480.00. Following the sale, the senior vice president owned 20,970 shares in the company, valued at approximately $1,563,523.20. This represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,166 shares of company stock valued at $896,328 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Public Service Enterprise Group

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Public Service Enterprise Group during the 2nd quarter valued at about $4,366,570,000. Bank of America Corp DE bought a new position in Public Service Enterprise Group during the second quarter worth about $1,207,400,000. Legal & General Group Plc bought a new position in Public Service Enterprise Group during the second quarter worth about $554,994,000. Bank of New York Mellon Corp acquired a new stake in Public Service Enterprise Group during the second quarter valued at approximately $221,632,000. Finally, Amundi boosted its holdings in Public Service Enterprise Group by 71.6% during the second quarter. Amundi now owns 3,962,317 shares of the utilities provider’s stock valued at $321,580,000 after purchasing an additional 1,653,832 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Trading Down 0.5%

Shares of PEG stock opened at $70.17 on Tuesday. Public Service Enterprise Group has a 1 year low of $66.15 and a 1 year high of $87.63. The firm’s fifty day simple moving average is $71.89 and its 200 day simple moving average is $76.94. The firm has a market capitalization of $34.98 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.66 and a beta of 0.50. 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 released 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 net margin of 16.04% and a return on equity of 12.42%. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the company earned $0.77 EPS. The business’s quarterly 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. As a group, sell-side analysts predict that Public Service Enterprise Group will post 4.37 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were given a $0.67 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.8%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 66.67%.

Public Service Enterprise Group News Summary

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: KeyCorp raised its Q3 2026 EPS estimate for Public Service Enterprise Group to $1.25 from $1.14. Wall Street expects the company’s upcoming quarterly results to show single-digit year-over-year diluted EPS growth. What You Need to Know Ahead of Public Service Enterprise Group’s Earnings Release
• Neutral Sentiment: Public Service Enterprise Group is scheduled to report third-quarter results next month. The earnings release could provide a near-term catalyst, particularly because current-year consensus EPS is approximately $4.37. KeyCorp’s FY2026 estimate also stands at $4.37, slightly above its previous $4.35 forecast.
• Negative Sentiment: Truist Financial lowered its PEG price target to $78 from $84 and maintained a “hold” rating. Goldman Sachs also reduced its target to $83 from $86. Despite the cuts, both targets remain above the stock’s recent trading level, implying analysts still see potential upside.
• Negative Sentiment: KeyCorp reduced its Q4 2026 EPS forecast to $0.70 from $0.94 and trimmed longer-term estimates, including FY2028 EPS to $4.94 from $4.99, FY2029 EPS to $5.25 from $5.35, and FY2030 EPS to $5.59 from $5.75. The revisions suggest weaker expected earnings momentum beyond the upcoming quarter and are likely weighing on investor sentiment.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Founded in 1903, the company operates primarily through its regulated utility subsidiary, Public Service Electric and Gas Company (PSE&G), and its competitive energy businesses.

PSE&G is New Jersey’s largest electric and gas utility, providing electricity and natural gas delivery, transmission, distribution, and related customer services to residential, commercial, and industrial customers across the state.