Public Service Enterprise Group (NYSE:PEG) Stock Price Target Cut by Wells Fargo & Company

Public Service Enterprise Group (NYSE:PEG) had its price objective decreased by stock analysts at Wells Fargo & Company from $89.00 to $87.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 18.43% from the stock’s previous close.

Several other brokerages have also weighed in on PEG. Citigroup lowered their price objective on 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. LADENBURG THALM/SH SH reduced their target price on Public Service Enterprise Group from $84.50 to $80.50 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. BMO Capital Markets decreased their target price on Public Service Enterprise Group from $79.00 to $77.00 and set a “market perform” rating for the company in a research report on Thursday, October 22nd. Morgan Stanley decreased their target price on Public Service Enterprise Group from $88.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Finally, UBS Group boosted their price target on Public Service Enterprise Group from $99.00 to $104.00 in a report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $79.89.

Public Service Enterprise Group Stock Down 1.2%

Shares of PEG traded down $0.92 during midday trading on Tuesday, hitting $73.46. The company had a trading volume of 294,684 shares, compared to its average volume of 3,069,471. The company’s 50 day moving average price is $71.23 and its 200 day moving average price is $78.02. The stock has a market cap of $36.62 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.48 and a beta of 0.48. Public Service Enterprise Group has a 52 week low of $66.15 and a 52 week high of $87.63. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Monday, November 2nd. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter last year, the company posted $1.13 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts predict that Public Service Enterprise Group will post 4.38 EPS for the current year.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph LaRossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction that occurred 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 $18,859,985.20. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard 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 transaction, the senior vice president owned 20,970 shares of the company’s stock, valued at $1,563,523.20. This represents a 27.61% decrease in their position. The SEC filing for this sale provides additional information. Company 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 added to or reduced their stakes in the business. Community Financial Services Group LLC bought a new position in shares of Public Service Enterprise Group in the second quarter worth $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Public Service Enterprise Group in the 2nd quarter worth about $26,000. James T. Borello RIA acquired a new stake in Public Service Enterprise Group during the 3rd quarter valued at $27,000. Elevation Wealth Partners LLC increased its holdings in shares of Public Service Enterprise Group by 240.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 243 shares during the period. Finally, Aberdeen Wealth Management LLC acquired a new position in shares of Public Service Enterprise Group in the second quarter worth $32,000. 73.34% of the stock is owned by institutional investors.

Public Service Enterprise Group News Roundup

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

• Positive Sentiment: Management reaffirmed full-year 2026 non-GAAP operating earnings guidance of $4.28-$4.40 per share. Although the midpoint of $4.34 is below the $4.38 consensus estimate, maintaining the outlook limits the risk of a larger forecast reduction. PSEG Announces Third Quarter 2026 Results
• Positive Sentiment: PSEG highlighted a substantial five-year regulated capital investment plan totaling $22.5 billion to $25.5 billion. Planned spending could support regulated rate-base growth and provide a foundation for longer-term earnings and cash-flow expansion. Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Third-quarter non-GAAP operating earnings increased modestly to $1.15 per share from $1.13 a year earlier, suggesting underlying operations remained relatively stable despite weaker reported revenue. An analyst commentary piece also pointed to improved valuation as a reason for a more favorable rating. Public Service Enterprise: Not Great Results, But Better Valuation
• Negative Sentiment: PSEG reported quarterly revenue of $3.02 billion, below the $3.19 billion consensus estimate and down 6.4% year over year. Non-GAAP EPS of $1.15 also missed estimates ranging from $1.19 to $1.21, creating a near-term earnings disappointment. PSEG Misses Q3 Earnings and Revenue Estimates
• Negative Sentiment: GAAP net income declined to $376 million, or $0.76 per share, from $622 million, or $1.24 per share, in the prior-year quarter. The decline and the lower end of the 2026 guidance range may reinforce concerns about near-term operating momentum. Public Service Enterprise Group Profit Retreats in Q3

About Public Service Enterprise Group

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.