JPMorgan Chase & Co. Has Lowered Expectations for Public Service Enterprise Group (NYSE:PEG) Stock Price

Public Service Enterprise Group (NYSE:PEG) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $81.00 to $77.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.51% from the company’s current price.

PEG has been the topic of several other research reports. Morgan Stanley cut their price objective on Public Service Enterprise Group from $91.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Citigroup lowered their target price on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Wells Fargo & Company dropped their target price on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings lowered Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $87.97.

Public Service Enterprise Group Price Performance

Public Service Enterprise Group stock traded down $1.18 during mid-day trading on Monday, reaching $70.31. The company had a trading volume of 3,266,749 shares, compared to its average volume of 3,071,711. Public Service Enterprise Group has a fifty-two week low of $66.15 and a fifty-two week high of $87.63. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. The company has a market cap of $35.05 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.69 and a beta of 0.50. The business has a fifty day simple moving average of $71.80 and a 200 day simple moving average of $76.87.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The company’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts predict that Public Service Enterprise Group will post 4.37 earnings per share for the current year.

Insider Buying and Selling at Public Service Enterprise Group

In related news, SVP Richard Thigpen sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the senior vice president owned 20,970 shares of the company’s stock, valued at $1,563,523.20. The trade was a 27.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ralph LaRossa sold 2,083 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $67.48, for a total value of $140,560.84. Following the completion of the sale, the chief executive officer owned 279,490 shares of the company’s stock, valued at $18,859,985.20. The trade was a 0.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 12,166 shares of company stock worth $896,328. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Banque Pictet & Cie SA bought a new position in shares of Public Service Enterprise Group in the third quarter valued at approximately $587,000. James T. Borello RIA purchased a new position in shares of Public Service Enterprise Group during the third quarter valued at approximately $27,000. V Square Quantitative Management LLC boosted its position in shares of Public Service Enterprise Group by 12.1% during the third quarter. V Square Quantitative Management LLC now owns 11,064 shares of the utilities provider’s stock valued at $745,000 after buying an additional 1,198 shares during the last quarter. Eastern Bank grew its holdings in Public Service Enterprise Group by 25.8% during the third quarter. Eastern Bank now owns 5,918 shares of the utilities provider’s stock worth $399,000 after buying an additional 1,213 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Public Service Enterprise Group by 8.5% during the second quarter. QRG Capital Management Inc. now owns 32,696 shares of the utilities provider’s stock worth $2,654,000 after buying an additional 2,559 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.