Public Service Enterprise Group Incorporated (NYSE:PEG) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Public Service Enterprise Group has received an average rating of "Moderate Buy" from ten analysts, with a 12-month price target of $91.85.
• The company reported $0.77 EPS for the last quarter, exceeding the consensus estimate by $0.07, and revenues increased by 15.8% year-over-year.
• Public Service Enterprise Group recently announced a quarterly dividend of $0.63 per share, representing an annual yield of 3.1%.

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) have earned an average rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $91.85.

Several research firms have recently commented on PEG. Barclays lowered their price objective on shares of Public Service Enterprise Group from $83.00 to $82.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. BMO Capital Markets lifted their price objective on shares of Public Service Enterprise Group from $84.00 to $89.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Morgan Stanley decreased their price objective on shares of Public Service Enterprise Group from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. UBS Group boosted their target price on shares of Public Service Enterprise Group from $97.00 to $103.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 6th.

Public Service Enterprise Group Trading Down 1.3%

NYSE:PEG opened at $81.51 on Friday. Public Service Enterprise Group has a 12 month low of $74.67 and a 12 month high of $95.22. The firm has a fifty day simple moving average of $84.03 and a 200-day simple moving average of $82.23. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $40.68 billion, a P/E ratio of 20.58, a PEG ratio of 2.87 and a beta of 0.53.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. On average, equities research analysts anticipate that Public Service Enterprise Group will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were given a dividend of $0.63 per share. The ex-dividend date was Tuesday, September 9th. This represents a $2.52 dividend on an annualized basis and a yield of 3.1%. Public Service Enterprise Group's payout ratio is currently 63.64%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new position in Public Service Enterprise Group during the second quarter valued at $25,000. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group during the second quarter valued at $25,000. Keener Financial Planning LLC acquired a new position in shares of Public Service Enterprise Group in the second quarter worth about $27,000. GoalVest Advisory LLC raised its position in shares of Public Service Enterprise Group by 166.7% in the second quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider's stock worth $30,000 after acquiring an additional 225 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Public Service Enterprise Group in the first quarter worth about $32,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.