Public Service Enterprise Group Incorporated (PEG) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst consensus is “Hold”: Ten of 17 brokerages rate PEG a hold, while six recommend buying and one gives a strong-buy rating. The average 12-month price target is $89.23, though several firms recently lowered their targets.
• Quarterly earnings beat expectations: Public Service Enterprise Group reported $0.86 in quarterly EPS versus the $0.80 consensus estimate, despite revenue falling 8.9% year over year to $2.55 billion. Management set fiscal 2026 EPS guidance at $4.28–$4.40.
• PEG offers a 3.8% dividend yield: The company pays a quarterly dividend of $0.67, or $2.68 annually, with a 66.67% payout ratio. Institutional investors own 73.34% of the stock, while insiders sold $896,328 worth of shares over the past three months.

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) have been assigned an average recommendation of "Hold" from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $89.23.

A number of research analysts recently issued reports on PEG shares. Jefferies Financial Group decreased their price target 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 shares of Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Truist Financial reduced their price objective on shares of Public Service Enterprise Group from $90.00 to $84.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Morgan Stanley reduced their price objective on shares of Public Service Enterprise Group from $91.00 to $88.00 and set an "overweight" rating on the stock in a report on Friday, September 18th. Finally, Wall Street Zen raised shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 26th.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph LaRossa sold 2,083 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 279,490 shares in the company, valued at $18,859,985.20. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard Thigpen sold 8,000 shares of Public Service Enterprise Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the senior vice president directly owned 20,970 shares of the company's stock, valued at $1,563,523.20. This trade represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,166 shares of company stock worth $896,328 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Eastern Bank lifted its stake in Public Service Enterprise Group by 25.8% during the third quarter. Eastern Bank now owns 5,918 shares of the utilities provider's stock worth $399,000 after purchasing an additional 1,213 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Public Service Enterprise Group by 8.5% in the second quarter. QRG Capital Management Inc. now owns 32,696 shares of the utilities provider's stock valued at $2,654,000 after purchasing an additional 2,559 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Public Service Enterprise Group by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 670,293 shares of the utilities provider's stock valued at $54,401,000 after purchasing an additional 4,825 shares during the last quarter. State Street Corp increased its stake in Public Service Enterprise Group by 1.4% in the second quarter. State Street Corp now owns 29,481,434 shares of the utilities provider's stock valued at $2,392,713,000 after purchasing an additional 399,191 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Public Service Enterprise Group by 20.5% in the second quarter. Sequoia Financial Advisors LLC now owns 34,091 shares of the utilities provider's stock valued at $2,767,000 after purchasing an additional 5,796 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Public Service Enterprise Group Stock Performance

Shares of Public Service Enterprise Group stock opened at $70.66 on Tuesday. Public Service Enterprise Group has a one year low of $66.15 and a one year high of $87.63. The company has a market cap of $35.22 billion, a PE ratio of 17.58, a P/E/G ratio of 2.72 and a beta of 0.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88. The business has a 50-day simple moving average of $72.21 and a 200-day simple moving average of $77.16.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The business's quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts forecast that Public Service Enterprise Group will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

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

Public Service Enterprise Group Company Profile

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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