JPMorgan Chase & Co. Increases Public Service Enterprise Group (NYSE:PEG) Price Target to $90.00

Key Points

• JPMorgan Chase & Co. raised its price target on Public Service Enterprise Group from $85 to $90 and kept a "neutral" rating, implying about an 8.69% upside from the current share price.
• Public Service Enterprise Group beat quarterly expectations with $0.72 EPS (vs. $0.71 est.) and $2.92B revenue (vs. $2.68B est.), and set FY2026 guidance of 4.28–4.40 EPS.
• The stock carries a consensus "Moderate Buy" from analysts with a consensus price target of $93.12, while shares trade around $82.81 and the company has a market cap of about $41.3 billion.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) had its price target upped by analysts at JPMorgan Chase & Co. from $85.00 to $90.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 8.69% from the stock's current price.

PEG has been the topic of several other reports. Barclays upped their price target on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 5th. Argus upgraded shares of Public Service Enterprise Group to a "strong-buy" rating in a report on Wednesday, January 14th. Scotiabank reaffirmed a "sector perform" rating and issued a $92.00 target price on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. Wells Fargo & Company increased their price target on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Finally, LADENBURG THALM/SH SH raised shares of Public Service Enterprise Group from a "neutral" rating to a "buy" rating and set a $87.50 price objective on the stock in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $93.12.

Public Service Enterprise Group Trading Up 0.6%

Shares of NYSE PEG traded up $0.50 during midday trading on Thursday, hitting $82.81. 1,102,927 shares of the company traded hands, compared to its average volume of 2,980,706. Public Service Enterprise Group has a 12-month low of $74.67 and a 12-month high of $91.25. The firm has a market cap of $41.30 billion, a P/E ratio of 19.64, a P/E/G ratio of 2.71 and a beta of 0.60. The stock has a 50-day moving average price of $81.98 and a 200 day moving average price of $81.79. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the business posted $0.84 earnings per share. Public Service Enterprise Group's quarterly revenue was up 18.3% 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, analysts expect that Public Service Enterprise Group will post 3.67 earnings per share for the current year.

Insider Activity at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 4,700 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the transaction, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. This represents a 14.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total transaction of $174,263.78. Following the sale, the chief executive officer directly owned 292,889 shares of the company's stock, valued at $24,503,093.74. This trade represents a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.19% of the company's stock.

Institutional Trading of Public Service Enterprise Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC lifted its position in Public Service Enterprise Group by 10.3% during the first quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider's stock valued at $831,000 after purchasing an additional 940 shares during the period. Woodline Partners LP grew its position in Public Service Enterprise Group by 40.7% in the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider's stock worth $3,464,000 after purchasing an additional 12,172 shares during the period. Savant Capital LLC raised its stake in Public Service Enterprise Group by 7.5% during the 2nd quarter. Savant Capital LLC now owns 11,215 shares of the utilities provider's stock valued at $944,000 after buying an additional 786 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at $270,000. Finally, Midwest Trust Co bought a new stake in shares of Public Service Enterprise Group in the second quarter worth $352,000. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group NYSE: PEG is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company's activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.

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