Wells Fargo & Company Raises Public Service Enterprise Group (NYSE:PEG) Price Target to $97.00

Key Points

• Wells Fargo & Company raised its price target on Public Service Enterprise Group to $97 (from $96) and kept an "overweight" rating, implying roughly a 22.15% upside from the current share price.
• PSEG beat Q1 expectations with $1.55 EPS (vs. $1.44) and $3.85B revenue (vs. $3.35B), set FY2026 operating EPS guidance of $4.28–$4.40, outlined $22.5–$25.5B of regulated capex through 2030, and maintained a $0.67 quarterly dividend (~3.4% yield).
• Analyst sentiment is mixed but averages a "Moderate Buy" with a $93.42 target; insiders sold about 10,949 shares (~$902,747) in the last three months while institutional investors hold roughly 73% of the stock.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) had its target price hoisted by equities researchers at Wells Fargo & Company from $96.00 to $97.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the utilities provider's stock. Wells Fargo & Company's target price points to a potential upside of 22.15% from the company's current price.

A number of other analysts have also weighed in on the company. LADENBURG THALM/SH SH lowered Public Service Enterprise Group from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $87.50 to $84.50 in a research report on Friday, March 13th. Jefferies Financial Group cut Public Service Enterprise Group from a "buy" rating to a "hold" rating and cut their price target for the company from $90.00 to $89.00 in a research note on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, March 12th. Wall Street Zen downgraded Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Finally, BMO Capital Markets lifted their target price on shares of Public Service Enterprise Group from $90.00 to $91.00 and gave the company a "market perform" rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.42.

Public Service Enterprise Group Trading Down 0.4%

Shares of PEG stock traded down $0.32 on Wednesday, hitting $79.41. The stock had a trading volume of 524,799 shares, compared to its average volume of 2,806,397. The company's 50 day moving average price is $82.25 and its 200-day moving average price is $81.66. Public Service Enterprise Group has a 1 year low of $76.00 and a 1 year high of $91.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60. The firm has a market capitalization of $39.60 billion, a P/E ratio of 18.82, a P/E/G ratio of 3.03 and a beta of 0.53.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.11. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The business had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The business's quarterly revenue was up 19.4% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Analysts anticipate that Public Service Enterprise Group will post 4.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Richard T. Thigpen sold 4,700 shares of the firm's stock in a transaction that occurred 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 directly owned 28,481 shares in the company, valued at approximately $2,363,923. This trade represents a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $81.21, for a total transaction of $169,160.43. Following the completion of the transaction, the chief executive officer owned 289,315 shares in the company, valued at approximately $23,495,271.15. This represents 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 10,949 shares of company stock worth $902,747 over the last three months. Corporate insiders own 0.19% of the company's stock.

Institutional Trading of Public Service Enterprise Group

Several large investors have recently modified their holdings of PEG. Norges Bank bought a new stake in shares of Public Service Enterprise Group in the fourth quarter valued at approximately $552,280,000. Bank of America Corp DE increased its holdings in shares of 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 worth $1,476,230,000 after purchasing an additional 3,469,886 shares during the period. Vanguard Group Inc. raised its position in shares of Public Service Enterprise Group by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider's stock valued at $5,420,155,000 after buying an additional 2,189,951 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Public Service Enterprise Group by 174.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,810,761 shares of the utilities provider's stock valued at $225,704,000 after buying an additional 1,788,449 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Public Service Enterprise Group by 40.0% in the fourth quarter. Van ECK Associates Corp now owns 2,708,385 shares of the utilities provider's stock valued at $217,483,000 after buying an additional 774,256 shares during the period. 73.34% of the stock is owned by institutional investors.

Trending Headlines about Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: Q1 beat — PSEG reported $1.55 EPS and $3.85B revenue, above consensus, with operating income up (roughly $1.08B). The strong top- and bottom-line print and higher volumes support near-term cash flow and validate utility fundamentals. Earnings Release
• Positive Sentiment: Large regulated capex plan — Management outlined $22.5B–$25.5B of regulated capex through 2030, signaling material rate base growth opportunities that can drive long‑term earnings and dividend support. Capex Article
• Positive Sentiment: Dividend maintained — Company announced a $0.67 quarterly dividend ($2.68 annualized, ~3.4% yield), supporting income investors and the stock’s yield narrative. Dividend & Earnings Detail
• Neutral Sentiment: FY‑2026 guidance largely in line — Management set operating EPS guidance of $4.28–$4.40 (street ~4.37). The range overlaps consensus but the midpoint is slightly conservative, limiting near-term upside. Guidance
• Neutral Sentiment: Earnings call available — Transcripts/slide deck provide management commentary on rate cases, storm timing and capital deployment; these details will matter for future quarters but require deeper rate‑case/regulatory read. Call Transcript
• Negative Sentiment: Insider sale — CEO Ralph Larossa sold 2,083 shares (~0.71% reduction of his holdings) under a pre‑arranged 10b5‑1 plan. Routine and small, but some investors interpret insider selling as a mild negative. SEC Filing

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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