Public Service Enterprise Group (NYSE:PEG) Stock Rating Lowered by LADENBURG THALM/SH SH

Public Service Enterprise Group (NYSE:PEG) was downgraded by equities researchers at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a research report issued on Friday, MarketBeat Ratings reports. They presently have a $84.50 price target on the utilities provider’s stock, down from their previous price target of $87.50. LADENBURG THALM/SH SH’s target price would indicate a potential upside of 1.41% from the company’s previous close.

Several other analysts have also commented on PEG. JPMorgan Chase & Co. lifted their price objective on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday. Wall Street Zen lowered shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Barclays lifted their price target on shares of 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. Wells Fargo & Company upped their price objective on Public Service Enterprise Group from $92.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, UBS Group reduced their price objective on Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and an average target price of $92.88.

Public Service Enterprise Group Stock Up 1.0%

Shares of NYSE PEG traded up $0.85 during midday trading on Friday, hitting $83.32. 512,584 shares of the stock traded hands, compared to its average volume of 2,960,159. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80. Public Service Enterprise Group has a one year low of $74.67 and a one year high of $91.25. The business has a 50 day moving average price of $82.02 and a two-hundred day moving average price of $81.79. The company has a market cap of $41.56 billion, a PE ratio of 19.77, a P/E/G ratio of 2.68 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the firm posted $0.84 EPS. Public Service Enterprise Group’s revenue 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. On average, equities analysts predict that Public Service Enterprise Group will post 3.67 EPS for the current year.

Insider Activity

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total value of $390,100.00. Following the transaction, the senior vice president directly owned 28,481 shares of the company’s stock, valued at $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total value of $174,263.78. Following the completion of the sale, the chief executive officer owned 292,889 shares of the company’s stock, valued at $24,503,093.74. The trade was a 0.71% decrease in their position. The SEC filing for this sale provides additional information. 0.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Public Service Enterprise Group during the 4th quarter valued at $552,280,000. Bank of America Corp DE boosted its holdings in shares of Public Service Enterprise Group by 24.7% during the second 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. boosted its holdings 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 worth $5,420,155,000 after purchasing an additional 2,189,951 shares during the period. Pictet Asset Management Holding SA grew 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 worth $225,704,000 after purchasing an additional 1,788,449 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Public Service Enterprise Group by 27.8% during the 2nd quarter. Invesco Ltd. now owns 6,473,897 shares of the utilities provider’s stock valued at $544,973,000 after purchasing an additional 1,408,707 shares during the period. 73.34% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Company Profile

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.