Public Service Enterprise Group Incorporated (NYSE:PEG) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts hold a consensus “Hold” rating on Public Service Enterprise Group, with 10 holds, six buys and one strong buy among 17 firms. The average 12-month price target is $89.43, above the reported share price of $70.96.
• PSEG exceeded quarterly EPS expectations, reporting $0.86 versus the $0.80 consensus, but revenue declined 8.9% year over year to $2.55 billion. Management’s fiscal 2026 EPS guidance is $4.28–$4.40.
• The company announced a quarterly dividend of $0.67 per share, representing a $2.68 annualized payout and a 3.8% yield. Institutional investors own 73.34% of the stock, while insiders sold 15,201 shares worth approximately $1.17 million during the last quarter.

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) have earned a consensus rating of "Hold" from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $89.4333.

A number of equities analysts have weighed in on the stock. Truist Financial dropped their price target on shares of Public Service Enterprise Group from $90.00 to $84.00 and set a "hold" rating for the company in a research report on Thursday, August 13th. Wells Fargo & Company lowered their target price on 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. 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. Royal Bank Of Canada began coverage on 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. Finally, Morgan Stanley lowered their price target on Public Service Enterprise Group from $93.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, August 21st.

Insider Transactions at Public Service Enterprise Group

In related news, COO Kim Hanemann sold 3,035 shares of Public Service Enterprise Group stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total transaction of $248,870.00. Following the completion of the transaction, the chief operating officer directly owned 98,815 shares of the company's stock, valued at approximately $8,102,830. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed 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, CEO Ralph LaRossa sold 2,083 shares of the company's 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 transaction, the chief executive officer owned 283,656 shares in the company, valued at $21,691,174.32. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 15,201 shares of company stock worth $1,172,339. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Public Service Enterprise Group in the 2nd quarter valued at about $4,366,570,000. Bank of America Corp DE acquired a new position in Public Service Enterprise Group during the second quarter worth $1,207,400,000. Geode Capital Management LLC increased its stake in shares of Public Service Enterprise Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider's stock worth $1,021,475,000 after acquiring an additional 114,351 shares during the last quarter. Norges Bank purchased a new position in shares of Public Service Enterprise Group during the 4th quarter worth $552,280,000. Finally, Legal & General Group Plc acquired a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at about $554,994,000. 73.34% of the stock is owned by institutional investors.

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG opened at $70.96 on Friday. 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 capitalization of $35.37 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. The firm's 50 day moving average price is $75.55 and its 200-day moving average price is $78.83. Public Service Enterprise Group has a twelve month low of $70.05 and a twelve month high of $87.63.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last announced its earnings results 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 net margin of 16.04% and a return on equity of 12.42%. The business 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 earnings per share. The firm's revenue 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. Equities research analysts expect that Public Service Enterprise Group will post 4.36 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.8%. Public Service Enterprise Group's dividend payout ratio is currently 66.67%.

About Public Service Enterprise Group

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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