Public Service Enterprise Group (NYSE:PEG) Sets New 52-Week Low - Time to Sell?

Key Points

• Public Service Enterprise Group shares fell 2.9% to a new 52-week low of $72.39. Analysts have generally turned more cautious, with a consensus “Hold” rating and an average price target of $89.43, although some firms have issued sell or downgraded ratings.
• The company beat quarterly EPS expectations, reporting $0.86 versus the $0.80 estimate, but revenue declined 8.9% year over year to $2.55 billion and missed forecasts. Management maintained fiscal 2026 EPS guidance of $4.28–$4.40.
• PSEG announced a quarterly dividend of $0.67, equivalent to $2.68 annually and a 3.7% yield. Recent insider transactions were net sales, while institutional investors and hedge funds own 73.34% of the stock.

Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $72.39 and last traded at $72.4860, with a volume of 478140 shares. The stock had previously closed at $74.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PEG shares. Weiss Ratings cut shares of Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Jefferies Financial Group reduced their price objective 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. Citigroup dropped their price objective 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. Wall Street Zen downgraded Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, Royal Bank Of Canada assumed coverage on shares of Public Service Enterprise Group in a report on Thursday, July 2nd. They issued a "sector perform" rating and a $81.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Public Service Enterprise Group presently has a consensus rating of "Hold" and an average price target of $89.43.

Public Service Enterprise Group Stock Down 2.9%

The firm has a market cap of $35.95 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 2.78 and a beta of 0.50. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.67. The company's 50-day simple moving average is $76.90 and its 200 day simple moving average is $79.55.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. Public Service Enterprise Group's quarterly revenue was down 8.9% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.7%. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 66.67%.

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 company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $76.47, for a total value of $159,287.01. Following the transaction, the chief executive officer directly owned 283,656 shares in the company, valued at $21,691,174.32. This represents a 0.73% decrease in their position. The sale was disclosed in a legal 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 the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the transaction, the senior vice president directly owned 20,970 shares in the company, valued at approximately $1,563,523.20. This trade represents a 27.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,201 shares of company stock valued at $1,172,339 in the last three months. Company insiders own 0.19% of the company's stock.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of large investors have recently made changes to their positions in PEG. National Pension Service raised its stake in Public Service Enterprise Group by 2.8% in the second quarter. National Pension Service now owns 732,199 shares of the utilities provider's stock valued at $59,425,000 after buying an additional 19,898 shares during the last quarter. WINTON GROUP Ltd boosted its position in Public Service Enterprise Group by 86.2% in the 2nd quarter. WINTON GROUP Ltd now owns 15,337 shares of the utilities provider's stock worth $1,245,000 after purchasing an additional 7,101 shares in the last quarter. Engineers Gate Manager LP increased its holdings in Public Service Enterprise Group by 74.4% in the second quarter. Engineers Gate Manager LP now owns 105,592 shares of the utilities provider's stock valued at $8,570,000 after buying an additional 45,056 shares in the last quarter. Cidel Asset Management Inc. raised its holdings in Public Service Enterprise Group by 9.1% in the 2nd quarter. Cidel Asset Management Inc. now owns 3,869 shares of the utilities provider's stock worth $314,000 after purchasing an additional 323 shares during the period. Finally, Capital Analysts LLC increased its holdings in Public Service Enterprise Group by 209.3% in the 2nd quarter. Capital Analysts LLC now owns 10,239 shares of the utilities provider's stock worth $831,000 after acquiring an additional 6,929 shares in the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (PSEG) is an energy company headquartered in Newark, New Jersey. Through its principal subsidiary, Public Service Electric and Gas Company (PSE&G), PSEG delivers electricity and natural gas to residential, commercial and industrial customers across New Jersey.

PSE&G operates electric transmission and distribution infrastructure, natural gas distribution systems and related energy services. The utility also provides energy-efficiency programs, appliance and equipment solutions, and other services designed to help customers manage energy use and support the reliability of the regional power system.

Through PSEG Power, the company owns and operates a portfolio of power-generation assets and sells electricity in wholesale markets.

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