Public Service Enterprise Group Incorporated (NYSE:PEG) Stock Has Consensus Price Target of $89.23

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) have received a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $88.83.

Several analysts recently weighed in on PEG shares. Jefferies Financial Group decreased their price target on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Truist Financial reduced their target price on shares of Public Service Enterprise Group from $84.00 to $78.00 and set a “hold” rating on the stock in a research note on Thursday. Royal Bank Of Canada started coverage on shares of Public Service Enterprise Group in a report on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 target price for the company. Wells Fargo & Company lowered their target price on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, Citigroup dropped their price target on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th.

Public Service Enterprise Group Stock Performance

Shares of NYSE:PEG opened at $71.56 on Tuesday. The firm has a fifty day simple moving average of $71.80 and a two-hundred day simple moving average of $76.90. Public Service Enterprise Group has a 52 week low of $66.15 and a 52 week high of $87.63. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $35.67 billion, a P/E ratio of 17.80, a PEG ratio of 2.69 and a beta of 0.50.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was down 8.9% 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, analysts expect that Public Service Enterprise Group will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

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

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $67.48, for a total value of $140,560.84. Following the transaction, the chief executive officer owned 279,490 shares of the company’s stock, valued at $18,859,985.20. This represents a 0.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the sale, the senior vice president owned 20,970 shares in the company, valued at approximately $1,563,523.20. The trade was a 27.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 12,166 shares of company stock worth $896,328. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PEG. Banque Pictet & Cie SA purchased a new stake in Public Service Enterprise Group during the 3rd quarter worth approximately $587,000. James T. Borello RIA acquired a new stake in shares of Public Service Enterprise Group during the third quarter worth $27,000. V Square Quantitative Management LLC raised its stake in shares of Public Service Enterprise Group by 12.1% in the third quarter. V Square Quantitative Management LLC now owns 11,064 shares of the utilities provider’s stock worth $745,000 after purchasing an additional 1,198 shares during the last quarter. Eastern Bank lifted its holdings in shares of 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 purchasing an additional 1,213 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of 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 purchasing an additional 2,559 shares during the period. 73.34% of the stock is currently owned by institutional investors.

More Public Service Enterprise Group News

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.