Barclays Issues Positive Forecast for Public Service Enterprise Group (NYSE:PEG) Stock Price

Public Service Enterprise Group (NYSE:PEG) had its price objective lifted by Barclays from $81.00 to $89.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target indicates a potential upside of 6.71% from the company’s current price.

Several other analysts also recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Monday, December 29th. LADENBURG THALM/SH SH raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 price target on the stock in a report on Wednesday, January 7th. Scotiabank reiterated a “sector perform” rating and issued a $92.00 price objective on shares of Public Service Enterprise Group in a report on Thursday, February 26th. TD Cowen boosted their target price on Public Service Enterprise Group from $93.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $85.00 price target (down from $88.00) on shares of Public Service Enterprise Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.73.

Public Service Enterprise Group Stock Down 0.6%

PEG stock traded down $0.51 during trading on Thursday, hitting $83.40. 753,500 shares of the stock traded hands, compared to its average volume of 3,003,843. The stock has a market cap of $41.59 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60. 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 is $81.70 and its two-hundred day moving average is $81.81.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, sell-side analysts anticipate that Public Service Enterprise Group will post 3.67 EPS for the current year.

Insiders Place Their Bets

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,700 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $2,363,923. This represents a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Public Service Enterprise Group

Several large investors have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC purchased a new stake in Public Service Enterprise Group during the 2nd quarter valued at approximately $25,000. Chapman Financial Group LLC purchased a new stake in shares of Public Service Enterprise Group in the second quarter worth about $25,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Public Service Enterprise Group during the 3rd quarter worth approximately $27,000. Quest 10 Wealth Builders Inc. increased its position in Public Service Enterprise Group by 250.5% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 248 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Public Service Enterprise Group in the third quarter worth $38,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

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.