Public Service Enterprise Group Incorporated (NYSE:PEG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Public Service Enterprise Group Incorporated (NYSE:PEG) has been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $92.8846.

Several analysts have commented on the stock. Argus upgraded shares of Public Service Enterprise Group to a “strong-buy” rating in a research note on Wednesday, January 14th. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $87.50 to $84.50 in a report on Friday, March 13th. Evercore upgraded 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. Wells Fargo & Company increased their price target on Public Service Enterprise Group from $92.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Monday, December 29th.

Public Service Enterprise Group Trading Down 0.7%

Public Service Enterprise Group stock opened at $80.47 on Friday. Public Service Enterprise Group has a 1 year low of $74.67 and a 1 year high of $91.25. The firm’s 50 day moving average price is $82.68 and its 200-day moving average price is $81.79. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60. The stock has a market cap of $40.13 billion, a P/E ratio of 19.07, a PEG ratio of 2.64 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. Public Service Enterprise Group’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts predict that Public Service Enterprise Group will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, March 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s dividend payout ratio is currently 63.51%.

Insiders Place Their Bets

In related news, SVP Richard T. Thigpen sold 4,700 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the completion of the transaction, the senior vice president directly owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. This trade represents a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer owned 292,889 shares in the company, valued at $24,503,093.74. This represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.19% of the company’s stock.

Institutional Trading of Public Service Enterprise Group

A number of large investors have recently made changes to their positions in PEG. Twin Peaks Wealth Advisors LLC purchased a new position in Public Service Enterprise Group in the second quarter worth about $25,000. Chapman Financial Group LLC purchased a new stake in Public Service Enterprise Group during the second quarter valued at approximately $25,000. Cedar Mountain Advisors LLC purchased a new stake in Public Service Enterprise Group during the third quarter valued at approximately $27,000. Quest 10 Wealth Builders Inc. lifted its stake in shares of Public Service Enterprise Group by 250.5% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 248 shares during the last quarter. Finally, Bayban purchased a new position in shares of Public Service Enterprise Group in the 4th quarter worth approximately $33,000. 73.34% of the stock is currently owned by institutional investors.

About Public Service Enterprise Group

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.