LADENBURG THALM/SH SH Downgrades Public Service Enterprise Group (NYSE:PEG) to Neutral

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 report released on Friday, Marketbeat Ratings reports. They currently 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 0.89% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Evercore upgraded shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 target price on the stock in a research report on Thursday, March 5th. Scotiabank reissued a “sector perform” rating and set a $92.00 price objective on shares of Public Service Enterprise Group in a research note on Thursday, February 26th. UBS Group decreased their price objective on Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. Barclays raised their price objective on Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company lifted their target price on Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.88.

Public Service Enterprise Group Trading Up 1.6%

Shares of PEG opened at $83.75 on Friday. The company’s fifty day moving average is $82.08 and its 200 day moving average is $81.79. Public Service Enterprise Group has a fifty-two week low of $74.67 and a fifty-two week high of $91.25. The stock has a market capitalization of $41.77 billion, a PE ratio of 19.85, a P/E/G ratio of 2.73 and a beta of 0.60. 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 (NYSE:PEG) last released its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 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 analyst estimates of $2.68 billion. During the same quarter last year, the business earned $0.84 earnings per share. Public Service Enterprise Group’s quarterly 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. Sell-side analysts expect that Public Service Enterprise Group will post 3.67 earnings per share for the current fiscal year.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $83.66, for a total transaction of $174,263.78. Following the transaction, the chief executive officer owned 292,889 shares of the company’s stock, valued at approximately $24,503,093.74. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Richard T. Thigpen sold 4,700 shares of the 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 completion of the sale, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. The trade was a 14.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of large investors have recently bought and sold shares of PEG. World Investment Advisors boosted its holdings in shares of Public Service Enterprise Group by 36.5% in the fourth quarter. World Investment Advisors now owns 82,943 shares of the utilities provider’s stock valued at $6,660,000 after purchasing an additional 22,193 shares during the period. Meadowbrook Advisors Group LLC bought a new position in Public Service Enterprise Group in the fourth quarter worth approximately $269,000. Green Ridge Wealth Planning LLC purchased a new position in Public Service Enterprise Group during the 4th quarter worth $224,000. Corient Private Wealth LLC raised its position in Public Service Enterprise Group by 2.7% during the 4th quarter. Corient Private Wealth LLC now owns 203,396 shares of the utilities provider’s stock valued at $16,350,000 after purchasing an additional 5,299 shares in the last quarter. Finally, Union Savings Bank bought a new stake in Public Service Enterprise Group during the 4th quarter valued at $99,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

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.