Public Service Enterprise Group (NYSE:PEG) Stock Rating Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded PSEG to “Hold” from “Sell,” while the broader analyst consensus remains “Hold,” with an average price target of $89.23.
• PSEG shares opened at $66.99, near their 12-month low of $66.15. The company beat quarterly earnings expectations with $0.86 in EPS versus the $0.80 estimate, although revenue fell 8.9% year over year to $2.55 billion.
• Company insiders sold 12,166 shares worth approximately $923,469 over the past 90 days, while institutional investors remain major holders, owning 73.34% of the stock.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada initiated coverage on shares of Public Service Enterprise Group in a report on Thursday, July 2nd. They set a "sector perform" rating and a $81.00 price target on the stock. Citigroup reduced their price target on Public Service Enterprise Group from $91.00 to $84.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Truist Financial decreased their price target on Public Service Enterprise Group from $90.00 to $84.00 and set a "hold" rating for the company in a research note on Thursday, August 13th. Jefferies Financial Group reduced their target price on Public Service Enterprise Group from $89.00 to $78.00 and set a "hold" rating on the stock in a report on Monday, July 20th. Finally, Morgan Stanley decreased 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 report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $89.23.

Public Service Enterprise Group Trading Up 0.7%

Shares of NYSE:PEG opened at $66.99 on Friday. Public Service Enterprise Group has a 12-month low of $66.15 and a 12-month high of $87.63. The business has a 50 day moving average of $74.14 and a 200-day moving average of $78.21. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31. The stock has a market cap of $33.39 billion, a PE ratio of 16.66, a P/E/G ratio of 2.51 and a beta of 0.50.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates 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 firm 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 firm posted $0.77 EPS. The company's revenue for the quarter was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities research analysts forecast that Public Service Enterprise Group will post 4.36 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Richard T. Thigpen sold 8,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the sale, the senior vice president owned 20,970 shares in the company, valued at $1,563,523.20. This represents a 27.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $76.47, for a total transaction of $159,287.01. Following the completion of the sale, the chief executive officer owned 283,656 shares of the company's stock, valued at approximately $21,691,174.32. This trade represents a 0.73% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 $923,469 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Community Financial Services Group LLC bought a new stake in shares of Public Service Enterprise Group during the 2nd quarter valued at $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Public Service Enterprise Group in the 2nd quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its stake in shares of 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 during the last quarter. Aberdeen Wealth Management LLC bought a new position in shares of Public Service Enterprise Group during the second quarter valued at $32,000. Finally, Bayban purchased a new position in shares of Public Service Enterprise Group in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 73.34% of the company's stock.

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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