Public Service Enterprise Group (NYSE:PEG) Stock Price Target Lowered at Truist Financial

Key Points

• Truist Financial lowered its PEG price target to $78 from $84 and maintained a “hold” rating, implying approximately 11% upside from the stock’s recent $70.24 price.
• Analyst sentiment remains cautious: PEG has an average “hold” rating and a consensus target of $88.83, while several firms have recently reduced their price targets or earnings forecasts.
• Public Service Enterprise Group exceeded its latest quarterly EPS estimate ($0.86 versus $0.80), but revenue fell 8.9% year over year; the company is scheduled to report third-quarter 2026 results on November 2.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) had its price target dropped by research analysts at Truist Financial from $84.00 to $78.00 in a report issued on Thursday, Benzinga reports. The firm currently has a "hold" rating on the utilities provider's stock. Truist Financial's target price indicates a potential upside of 11.05% from the stock's current price.

Several other research analysts have also recently weighed in 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 for the company in a research report on Wednesday, August 5th. Royal Bank Of Canada started coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They set a "sector perform" rating and a $81.00 target price on the stock. 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. Weiss Ratings downgraded shares of Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Public Service Enterprise Group from a "sell" rating to a "hold" rating in a report on Saturday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Public Service Enterprise Group currently has an average rating of "Hold" and a consensus target price of $88.83.

Public Service Enterprise Group Stock Performance

PEG stock traded down $0.32 during midday trading on Thursday, hitting $70.24. The stock had a trading volume of 667,478 shares, compared to its average volume of 3,058,899. The firm has a market capitalization of $35.01 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.65 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. The stock has a 50-day simple moving average of $71.98 and a 200 day simple moving average of $77.01. Public Service Enterprise Group has a 52 week low of $66.15 and a 52 week high of $87.63.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share 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 for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the company posted $0.77 EPS. The company'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. As a group, equities research analysts anticipate that Public Service Enterprise Group will post 4.37 earnings per share for the current year.

Insider Activity at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $67.48, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 firm'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 transaction of $596,480.00. Following the completion of the transaction, the senior vice president owned 20,970 shares of the company's stock, valued at approximately $1,563,523.20. This trade represents a 27.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,166 shares of company stock worth $896,328 in the last quarter. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Public Service Enterprise Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Community Financial Services Group LLC purchased a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Public Service Enterprise Group during the 2nd quarter valued at $26,000. Elevation Wealth Partners LLC boosted its holdings in Public Service Enterprise Group by 240.6% in the second quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider's stock worth $28,000 after acquiring an additional 243 shares in the last quarter. Aberdeen Wealth Management LLC acquired a new position in Public Service Enterprise Group during the 2nd quarter valued at approximately $32,000. Finally, Montgomery Financial Services LLC purchased a new position in Public Service Enterprise Group in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 73.34% of the company's stock.

Public Service Enterprise Group News Summary

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

• Positive Sentiment: KeyCorp raised its estimate for third-quarter 2026 earnings to $1.25 per share from $1.14 and lifted its full-year 2026 forecast to $4.37 from $4.35, matching the current consensus estimate. KeyCorp earnings estimate update
• Positive Sentiment: Wall Street expects third-quarter diluted EPS to increase at a single-digit rate year over year, which could support the shares if PEG exceeds expectations or provides favorable guidance. What You Need to Know Ahead of Public Service Enterprise Group’s Earnings Release
• Neutral Sentiment: PSEG will announce its third-quarter 2026 financial results on November 2, making the upcoming report and management outlook the next major catalysts for PEG. PSEG To Announce Third Quarter 2026 Financial Results On November 2
• Negative Sentiment: KeyCorp cut its fourth-quarter 2026 EPS estimate sharply to $0.70 from $0.94. It also trimmed forecasts for 2027 EPS to $4.67 from $4.68, 2028 EPS to $4.94 from $4.99, 2029 EPS to $5.25 from $5.35, and 2030 EPS to $5.59 from $5.75, signaling softer longer-term earnings expectations. KeyCorp earnings estimate revisions
• Negative Sentiment: Goldman Sachs lowered its PEG price target to $83 from $86. Although the revised target remains above the recent trading level, the reduction reflects a less favorable valuation or outlook assessment. Goldman Sachs Adjusts Price Target on Public Service Enterprise Group

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.

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