Public Service Enterprise Group (NYSE:PEG) Now Covered by Evercore ISI

Key Points

• Evercore ISI initiated coverage on Public Service Enterprise Group (NYSE: PEG) with an "in-line" rating and a price target of $83.00, indicating a potential upside of 1.42% from its previous close.
• The stock has received mixed ratings from analysts, with six holding a Buy rating and five a Hold rating, resulting in a consensus rating of "Moderate Buy" and an average price target of $90.95.
• Public Service Enterprise Group reported earnings of $0.77 per share for the last quarter, surpassing analysts' expectations, and indicated a revenue increase of 15.8% year-over-year to $2.81 billion.

Equities research analysts at Evercore ISI started coverage on shares of Public Service Enterprise Group (NYSE:PEG - Get Free Report) in a report issued on Tuesday, MarketBeat.com reports. The firm set an "inline" rating and a $83.00 price target on the utilities provider's stock. Evercore ISI's target price indicates a potential upside of 2.33% from the stock's previous close.

PEG has been the subject of several other research reports. Wall Street Zen raised shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a report on Saturday, September 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Public Service Enterprise Group in a report on Saturday, September 27th. Barclays dropped their target price on Public Service Enterprise Group from $83.00 to $82.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. BMO Capital Markets upped their price objective on Public Service Enterprise Group from $84.00 to $89.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley cut 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 report on Thursday, September 25th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.95.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock traded down $0.73 during trading hours on Tuesday, hitting $81.11. 387,960 shares of the stock traded hands, compared to its average volume of 2,837,431. The firm's 50 day moving average price is $83.81 and its 200-day moving average price is $82.21. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 0.76. The stock has a market capitalization of $40.48 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.85 and a beta of 0.53. Public Service Enterprise Group has a 1 year low of $74.67 and a 1 year high of $95.22.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.07. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company's revenue 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. As a group, equities analysts expect that Public Service Enterprise Group will post 3.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in Public Service Enterprise Group during the 2nd quarter worth approximately $25,000. Chapman Financial Group LLC acquired a new stake in shares of Public Service Enterprise Group in the second quarter worth approximately $25,000. Keener Financial Planning LLC purchased a new stake in shares of Public Service Enterprise Group during the second quarter worth approximately $27,000. GoalVest Advisory LLC raised its stake in Public Service Enterprise Group by 166.7% in 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 during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Public Service Enterprise Group in the 1st quarter valued at $32,000. 73.34% of the stock is owned by hedge funds and other 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.