Public Service Enterprise Group (NYSE:PEG) Coverage Initiated by Analysts at BTIG Research

Key Points

• BTIG Research has initiated coverage on Public Service Enterprise Group (PEG) with a "buy" rating and a price target of $98.00, indicating a potential upside of 17.90%.
• The average rating for PEG from analysts is a "Moderate Buy", with a consensus price target of $91.79.
• PEG reported a 15.8% year-over-year increase in revenue, achieving $2.81 billion, while also surpassing earnings expectations with $0.77 earnings per share.

Investment analysts at BTIG Research began coverage on shares of Public Service Enterprise Group (NYSE:PEG - Get Free Report) in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $98.00 price target on the utilities provider's stock. BTIG Research's price target suggests a potential upside of 17.90% from the stock's current price.

Several other research firms also recently weighed in on PEG. Morgan Stanley reduced their target price 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. Wall Street Zen raised shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Public Service Enterprise Group in a research note on Wednesday, October 8th. Evercore ISI initiated coverage on shares of Public Service Enterprise Group in a research note on Tuesday, October 7th. They issued an "in-line" rating and a $83.00 price target for the company. Finally, UBS Group upped their price objective on shares of Public Service Enterprise Group from $97.00 to $103.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $91.79.

Public Service Enterprise Group Price Performance

PEG opened at $83.12 on Wednesday. The company has a market capitalization of $41.49 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.60 and a beta of 0.53. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $82.61 and a 200-day moving average price of $82.28. Public Service Enterprise Group has a twelve month low of $74.67 and a twelve month high of $95.22.

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

Institutional Trading of Public Service Enterprise Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in Public Service Enterprise Group during the 2nd quarter valued at about $25,000. Chapman Financial Group LLC bought a new stake in Public Service Enterprise Group during the 2nd quarter valued at about $25,000. Keener Financial Planning LLC bought a new stake in Public Service Enterprise Group during the 2nd quarter valued at about $27,000. GoalVest Advisory LLC increased its stake in Public Service Enterprise Group by 166.7% during the 2nd quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 225 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Public Service Enterprise Group during the 1st quarter valued at about $32,000. 73.34% of the stock is currently owned by institutional investors.

About Public Service Enterprise Group

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.

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