Public Service Enterprise Group (NYSE:PEG) Stock Gets Price Target Reduction from Truist Financial

Public Service Enterprise Group (NYSE:PEG) had its target price trimmed by Truist Financial from $84.00 to $78.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the utilities provider’s stock.

A number of other research firms have also commented on PEG. Citigroup dropped their price objective on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Royal Bank Of Canada assumed coverage on shares of Public Service Enterprise Group in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 target price for the company. Jefferies Financial Group decreased their target price on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Wells Fargo & Company lowered their price target on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Public Service Enterprise Group presently has a consensus rating of “Hold” and a consensus target price of $88.83.

Public Service Enterprise Group Price Performance

Shares of NYSE PEG opened at $71.56 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. Public Service Enterprise Group has a twelve month low of $66.15 and a twelve month high of $87.63. The stock has a 50 day moving average of $71.80 and a two-hundred day moving average of $76.90. The stock has a market cap of $35.67 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.69 and a beta of 0.50.

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

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.7%. Public Service Enterprise Group’s dividend payout ratio is presently 66.67%.

Insider Buying and Selling at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 8,000 shares of Public Service Enterprise Group stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $67.48, for a total transaction of $140,560.84. Following the transaction, the chief executive officer owned 279,490 shares in the company, valued at approximately $18,859,985.20. This trade represents 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. Insiders sold a total of 12,166 shares of company stock valued at $896,328 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of hedge funds have recently added to or reduced their stakes in the company. Westfuller Advisors LLC lifted its holdings in shares of Public Service Enterprise Group by 7.3% in the 1st quarter. Westfuller Advisors LLC now owns 1,891 shares of the utilities provider’s stock valued at $153,000 after buying an additional 129 shares during the period. Y.D. More Investments Ltd lifted its holdings in Public Service Enterprise Group by 22.5% in the first quarter. Y.D. More Investments Ltd now owns 866 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 159 shares during the period. Green Ridge Wealth Planning LLC lifted its holdings in Public Service Enterprise Group by 7.1% in the second quarter. Green Ridge Wealth Planning LLC now owns 2,986 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 198 shares during the period. Syon Capital LLC lifted its holdings in Public Service Enterprise Group by 2.0% in the second quarter. Syon Capital LLC now owns 10,214 shares of the utilities provider’s stock valued at $829,000 after acquiring an additional 199 shares during the period. Finally, RDA Financial Network boosted its position in shares of Public Service Enterprise Group by 3.6% during the 2nd quarter. RDA Financial Network now owns 5,996 shares of the utilities provider’s stock worth $487,000 after purchasing an additional 207 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Trending Headlines about Public Service Enterprise Group

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

• Positive Sentiment: KeyCorp raised its Q3 2026 earnings estimate to $1.25 per share from $1.14, suggesting stronger near-term results than previously expected. KeyCorp earnings estimates
• Positive Sentiment: Wall Street expects PEG’s upcoming Q3 results to show single-digit year-over-year diluted EPS growth, providing a potential near-term catalyst for the utility stock. Earnings release preview
• Neutral Sentiment: Barclays initiated or reiterated a Hold rating on Public Service Enterprise Group, indicating the analyst sees limited conviction for material near-term outperformance. Barclays Hold rating
• Negative Sentiment: Truist lowered its PEG price target to $78 from $84 and maintained a Hold rating. Although the revised target remains above the referenced share price, the cut reflects reduced expectations for valuation or earnings growth.
• Negative Sentiment: Goldman Sachs reduced its price target to $83 from $86, adding to a broader pattern of target cuts from analysts. Goldman Sachs price target change
• Negative Sentiment: KeyCorp reduced its Q4 2026 EPS estimate to $0.70 from $0.94, while trimming FY2027 EPS to $4.67 from $4.68 and FY2030 EPS to $5.59 from $5.75. The revisions point to weaker longer-term earnings expectations despite the improved Q3 forecast.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Founded in 1903, the company operates primarily through its regulated utility subsidiary, Public Service Electric and Gas Company (PSE&G), and its competitive energy businesses.

PSE&G is New Jersey’s largest electric and gas utility, providing electricity and natural gas delivery, transmission, distribution, and related customer services to residential, commercial, and industrial customers across the state.