Public Service Enterprise Group (NYSE:PEG) Stock Rating Upgraded by Evercore

Public Service Enterprise Group (NYSE:PEG) was upgraded by analysts at Evercore from an “in-line” rating to an “outperform” rating in a report issued on Thursday, Marketbeat reports. The brokerage currently has a $96.00 price target on the utilities provider’s stock. Evercore’s price objective suggests a potential upside of 14.71% from the company’s current price.

PEG has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $85.00 price objective (down from $88.00) on shares of Public Service Enterprise Group in a research note on Thursday, January 22nd. Scotiabank restated a “sector perform” rating and issued a $92.00 price target on shares of Public Service Enterprise Group in a report on Thursday, February 26th. UBS Group reduced their price target on shares of 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. Wells Fargo & Company increased their price objective on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Argus raised shares of Public Service Enterprise Group to a “strong-buy” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and an average price target of $92.12.

Public Service Enterprise Group Trading Down 0.3%

Shares of PEG traded down $0.22 during mid-day trading on Thursday, reaching $83.69. The company had a trading volume of 416,032 shares, compared to its average volume of 2,996,180. Public Service Enterprise Group has a fifty-two week low of $74.67 and a fifty-two week high of $91.25. The firm has a fifty day simple moving average of $81.70 and a 200-day simple moving average of $81.81. The stock has a market cap of $41.74 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28.

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, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. 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 fiscal year.

Insiders Place Their Bets

In related news, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the sale, the senior vice president owned 28,481 shares of the company’s stock, valued at $2,363,923. The trade was a 14.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Institutional Trading of Public Service Enterprise Group

Several large investors have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC purchased a new position in Public Service Enterprise Group in the second quarter valued at about $25,000. Chapman Financial Group LLC purchased a new stake in Public Service Enterprise Group during the 2nd quarter worth approximately $25,000. Cedar Mountain Advisors LLC acquired a new position in shares of Public Service Enterprise Group in the 3rd quarter valued at approximately $27,000. Quest 10 Wealth Builders Inc. raised its position 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 in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Public Service Enterprise Group in the 3rd quarter valued at approximately $38,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

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.