Public Service Enterprise Group (NYSE:PEG) Given New $77.00 Price Target at JPMorgan Chase & Co.

Public Service Enterprise Group (NYSE:PEG) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $81.00 to $77.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 9.51% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. Jefferies Financial Group cut their target price on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. Wells Fargo & Company decreased their price target on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Citigroup dropped their price target on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. Finally, Truist Financial reduced their price objective on Public Service Enterprise Group from $84.00 to $78.00 and set a “hold” rating for the company in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.97.

Public Service Enterprise Group Stock Down 1.6%

Public Service Enterprise Group stock traded down $1.18 during midday trading on Monday, hitting $70.31. 3,266,749 shares of the stock were exchanged, compared to its average volume of 3,071,711. Public Service Enterprise Group has a 52-week low of $66.15 and a 52-week high of $87.63. The stock has a market capitalization of $35.05 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.69 and a beta of 0.50. The business’s 50-day moving average price is $71.80 and its 200-day moving average price is $76.87. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 16.04% and a return on equity of 12.42%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, research analysts expect that Public Service Enterprise Group will post 4.37 EPS for the current fiscal year.

Insider Transactions at Public Service Enterprise Group

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

Institutional Trading of Public Service Enterprise Group

A number of large investors have recently bought and sold shares of PEG. Westfuller Advisors LLC lifted its position in shares of Public Service Enterprise Group by 7.3% during 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 last quarter. Y.D. More Investments Ltd grew its stake in shares of Public Service Enterprise Group by 22.5% during the 1st quarter. Y.D. More Investments Ltd now owns 866 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 159 shares during the period. Green Ridge Wealth Planning LLC increased its holdings in Public Service Enterprise Group by 7.1% in the 2nd quarter. Green Ridge Wealth Planning LLC now owns 2,986 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 198 shares during the last quarter. Syon Capital LLC increased its holdings in Public Service Enterprise Group by 2.0% in the 2nd quarter. Syon Capital LLC now owns 10,214 shares of the utilities provider’s stock worth $829,000 after acquiring an additional 199 shares during the last quarter. Finally, RDA Financial Network increased its holdings in Public Service Enterprise Group by 3.6% in the 2nd quarter. RDA Financial Network now owns 5,996 shares of the utilities provider’s stock worth $487,000 after acquiring an additional 207 shares during the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.