Public Service Enterprise Group (NYSE:PEG) Sets New 1-Year Low - Here's Why

Key Points

• Public Service Enterprise Group shares hit a new 52-week low of $66.15, trading well below their 50-day and 200-day moving averages. The stock has a market capitalization of approximately $33.3 billion.
• Analyst sentiment is broadly cautious: PEG has a consensus “Hold” rating, with an average price target of $89.23, while several firms recently lowered their targets to $84.
• The company exceeded quarterly EPS expectations, reporting $0.86 versus the $0.80 consensus, but revenue fell 8.9% year over year to $2.55 billion. PEG also declared a quarterly dividend of $0.67, representing a 4.0% annualized yield.

Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $66.15 and last traded at $66.9710, with a volume of 69286 shares trading hands. The stock had previously closed at $66.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup decreased their target price 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 cut their price target on Public Service Enterprise Group from $90.00 to $84.00 and set a "hold" rating for the company in a report on Thursday, August 13th. Wall Street Zen upgraded Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research report on Saturday. Weiss Ratings downgraded Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They set a "sector perform" rating and a $81.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $89.23.

Public Service Enterprise Group Stock Up 0.2%

The business has a 50-day simple moving average of $73.91 and a two-hundred day simple moving average of $78.05. The stock has a market capitalization of $33.32 billion, a P/E ratio of 16.63, a PEG ratio of 2.52 and a beta of 0.50. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31.

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 earnings per share (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 company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period last year, the business earned $0.77 earnings per share. The business'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 forecast that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group's payout ratio is 66.67%.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 8,000 shares of Public Service Enterprise Group stock in a transaction 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 sale, the senior vice president owned 20,970 shares of the company's stock, valued at approximately $1,563,523.20. The trade was a 27.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $76.47, for a total transaction of $159,287.01. Following the sale, the chief executive officer owned 283,656 shares of the company's stock, valued at $21,691,174.32. The trade was 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 12,166 shares of company stock worth $923,469 in the last ninety days. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of institutional investors have recently made changes to their positions in PEG. Westfuller Advisors LLC raised its holdings in shares of Public Service Enterprise Group by 7.3% in the first quarter. Westfuller Advisors LLC now owns 1,891 shares of the utilities provider's stock valued at $153,000 after acquiring an additional 129 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of Public Service Enterprise Group by 22.5% in the 1st quarter. Y.D. More Investments Ltd now owns 866 shares of the utilities provider's stock worth $70,000 after purchasing an additional 159 shares during the period. Green Ridge Wealth Planning LLC boosted its stake in shares of Public Service Enterprise Group by 7.1% during the second quarter. Green Ridge Wealth Planning LLC now owns 2,986 shares of the utilities provider's stock valued at $242,000 after purchasing an additional 198 shares in the last quarter. Syon Capital LLC boosted its stake in shares of Public Service Enterprise Group by 2.0% during the second quarter. Syon Capital LLC now owns 10,214 shares of the utilities provider's stock valued at $829,000 after purchasing an additional 199 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in Public Service Enterprise Group by 20.0% during the fourth quarter. Rothschild Investment LLC now owns 1,207 shares of the utilities provider's stock valued at $97,000 after buying an additional 201 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.

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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