Public Service Enterprise Group (NYSE:PEG) Given New $83.00 Price Target at BMO Capital Markets

Public Service Enterprise Group (NYSE:PEG) had its target price trimmed by BMO Capital Markets from $85.00 to $83.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a market perform rating on the utilities provider’s stock.

A number of other research firms have also recently issued reports on PEG. Morgan Stanley decreased their price target on shares of Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Barclays upped their price target on shares of Public Service Enterprise Group from $82.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. BTIG Research started coverage on shares of Public Service Enterprise Group in a report on Wednesday, October 22nd. They set a “buy” rating and a $98.00 price target for the company. Wells Fargo & Company started coverage on shares of Public Service Enterprise Group in a report on Tuesday, October 28th. They set an “equal weight” rating and a $88.00 price target for the company. Finally, Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.04.

Public Service Enterprise Group Trading Up 0.5%

Shares of NYSE:PEG opened at $81.81 on Tuesday. The stock has a market capitalization of $40.83 billion, a PE ratio of 20.66, a P/E/G ratio of 2.46 and a beta of 0.53. Public Service Enterprise Group has a 1 year low of $74.67 and a 1 year high of $95.22. The firm has a fifty day moving average price of $82.07 and a 200 day moving average price of $82.33. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. Analysts expect that Public Service Enterprise Group will post 3.67 EPS for the current fiscal year.

Institutional Trading of Public Service Enterprise Group

Institutional investors have recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth approximately $25,000. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group in the second quarter worth about $25,000. Cedar Mountain Advisors LLC acquired a new position in Public Service Enterprise Group in the third quarter worth about $27,000. Keener Financial Planning LLC acquired a new position in Public Service Enterprise Group in the second quarter worth about $27,000. Finally, GoalVest Advisory LLC raised its position in Public Service Enterprise Group by 166.7% in the second quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 225 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, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.