Public Service Enterprise Group (NYSE:PEG) Price Target Raised to $91.00

Key Points

• BMO Capital Markets raised its price target on Public Service Enterprise Group to $91 (from $90), implying about an 11.5% upside, and analysts' actions have left a MarketBeat consensus of Moderate Buy with a $93.50 average target.
• PEG beat the quarter with $0.72 EPS versus $0.71 expected and revenue of $2.92B (up 18.3% y/y), and the company set FY2026 EPS guidance of $4.28–4.40.
• Shares traded at $81.59 (down $1.54) with a $40.7B market cap; insiders sold 8,866 shares last quarter (insiders own 0.19%) while institutional investors hold 73.34% of the stock.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) had its price objective hoisted by analysts at BMO Capital Markets from $90.00 to $91.00 in a report issued on Monday,Benzinga reports. The firm presently has a "market perform" rating on the utilities provider's stock. BMO Capital Markets' price target suggests a potential upside of 11.53% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the company. Scotiabank reaffirmed a "sector perform" rating and set a $92.00 price objective on shares of Public Service Enterprise Group in a report on Thursday, February 26th. Wells Fargo & Company lifted their price objective on Public Service Enterprise Group from $92.00 to $94.00 and gave the company an "overweight" rating in a report on Friday, February 27th. Evercore raised Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 price objective on the stock in a report on Thursday, March 5th. JPMorgan Chase & Co. lifted their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, March 12th. Finally, Barclays boosted their target price on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an "equal weight" rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $93.50.

Public Service Enterprise Group Stock Performance

PEG stock traded down $1.54 during trading on Monday, reaching $81.59. 451,559 shares of the stock were exchanged, compared to its average volume of 2,908,032. Public Service Enterprise Group has a twelve month low of $76.00 and a twelve month high of $91.25. The company has a market capitalization of $40.69 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.70 and a beta of 0.58. The stock has a 50 day simple moving average of $83.08 and a 200-day simple moving average of $81.81. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the business earned $0.84 earnings per share. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, sell-side analysts anticipate that Public Service Enterprise Group will post 3.67 earnings per share for the current year.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,700 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the sale, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total transaction of $169,222.92. Following the sale, the chief executive officer owned 291,398 shares of the company's stock, valued at $23,673,173.52. The trade was a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,866 shares of company stock valued at $733,587 in the last quarter. Corporate insiders own 0.19% of the company's stock.

Institutional Trading of Public Service Enterprise Group

A number of large investors have recently made changes to their positions in the company. Hsbc Holdings PLC increased its position in shares of Public Service Enterprise Group by 47.6% in the 4th quarter. Hsbc Holdings PLC now owns 1,472,165 shares of the utilities provider's stock valued at $118,305,000 after buying an additional 474,484 shares in the last quarter. Cornerstone Planning LLC acquired a new position in shares of Public Service Enterprise Group during the 4th quarter worth about $856,000. Rockefeller Capital Management L.P. boosted its stake in shares of Public Service Enterprise Group by 45.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 339,450 shares of the utilities provider's stock worth $27,258,000 after buying an additional 105,526 shares during the last quarter. World Investment Advisors lifted its stake in Public Service Enterprise Group by 36.5% in the 4th quarter. World Investment Advisors now owns 82,943 shares of the utilities provider's stock valued at $6,660,000 after purchasing an additional 22,193 shares during the last quarter. Finally, Meadowbrook Advisors Group LLC acquired a new stake in Public Service Enterprise Group in the 4th quarter valued at about $269,000. Institutional investors own 73.34% of the company's stock.

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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