Public Service Enterprise Group Incorporated (NYSE:PEG) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Public Service Enterprise Group, with 10 holds, six buys and one strong buy among 17 analysts. The average 12-month price target is $89.43.
• The company reported quarterly EPS of $0.86, beating estimates of $0.80, though revenue fell 8.9% year over year to $2.55 billion. Management issued fiscal 2026 EPS guidance of $4.28–$4.40.
• PEG declared a quarterly dividend of $0.67 per share, equivalent to an annualized $2.68 payout and a 3.7% yield. Institutional investors own 73.34% of the stock, while insiders sold 17,284 shares worth about $1.33 million over the past 90 days.

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) have earned an average recommendation of "Hold" from the seventeen analysts that are covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $89.4333.

A number of equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a research note on Thursday, July 2nd. They issued a "sector perform" rating and a $81.00 price objective for the company. Truist Financial lowered their target price on 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. Citigroup dropped their price target on shares of 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. Finally, Jefferies Financial Group lowered their target price on Public Service Enterprise Group from $89.00 to $78.00 and set a "hold" rating for the company in a report on Monday, July 20th.

Insider Transactions at Public Service Enterprise Group

In related news, COO Kim C. Hanemann sold 3,035 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total value of $248,870.00. Following the transaction, the chief operating officer directly owned 98,815 shares in the company, valued at $8,102,830. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the business's 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 sale, the senior vice president owned 20,970 shares of the company's stock, valued at $1,563,523.20. This trade represents a 27.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,284 shares of company stock valued at $1,332,751 over the last ninety days. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Public Service Enterprise Group

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Public Service Enterprise Group by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider's stock worth $5,420,155,000 after buying an additional 2,189,951 shares in the last quarter. BlackRock Inc. bought a new stake in Public Service Enterprise Group in the 2nd quarter valued at about $4,366,570,000. State Street Corp raised its position in shares of Public Service Enterprise Group by 2.8% in the fourth quarter. State Street Corp now owns 28,361,198 shares of the utilities provider's stock valued at $2,277,404,000 after purchasing an additional 762,591 shares during the period. Bank of America Corp DE raised its holdings in Public Service Enterprise Group by 24.7% during the 2nd quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider's stock valued at $1,476,230,000 after acquiring an additional 3,469,886 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Public Service Enterprise Group by 0.9% during 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 purchasing an additional 114,351 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Public Service Enterprise Group Stock Performance

NYSE:PEG opened at $72.71 on Monday. The stock has a 50 day simple moving average of $78.72 and a 200 day simple moving average of $80.37. The stock has a market cap of $36.24 billion, a P/E ratio of 18.09, a PEG ratio of 2.73 and a beta of 0.51. Public Service Enterprise Group has a 1-year low of $72.60 and a 1-year high of $87.63. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, beating 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 business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the company posted $0.77 earnings per share. Public Service Enterprise Group's 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 will post 4.36 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 9th. Public Service Enterprise Group's dividend payout ratio is 66.67%.

About Public Service Enterprise Group

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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