Public Service Enterprise Group (NYSE:PEG) Downgraded by LADENBURG THALM/SH SH to “Neutral”

Public Service Enterprise Group (NYSE:PEG) was downgraded by stock analysts at LADENBURG THALM/SH SH from a “buy” rating to a “neutral” rating in a report issued on Friday, Marketbeat.com reports. They currently have a $84.50 price objective on the utilities provider’s stock, down from their previous price objective of $87.50. LADENBURG THALM/SH SH’s price target points to a potential upside of 1.41% from the stock’s previous close.

PEG has been the subject of a number of other research reports. UBS Group cut their price target on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Wells Fargo & Company lifted their price objective on shares of 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. Barclays upped their target price on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price target on Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.88.

Public Service Enterprise Group Stock Performance

PEG stock traded up $0.85 during trading hours on Friday, hitting $83.32. 512,584 shares of the stock were exchanged, compared to its average volume of 2,960,159. The company has a 50-day simple moving average of $82.02 and a two-hundred day simple moving average of $81.79. The firm has a market capitalization of $41.56 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.68 and a beta of 0.60. Public Service Enterprise Group has a 12 month low of $74.67 and a 12 month high of $91.25. 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 announced its earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, analysts forecast that Public Service Enterprise Group will post 3.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction dated 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $83.66, for a total value of $174,263.78. Following the sale, the chief executive officer owned 292,889 shares in the company, valued at approximately $24,503,093.74. The trade was a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Public Service Enterprise Group

Several institutional investors have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth approximately $25,000. Chapman Financial Group LLC acquired a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at $25,000. Cedar Mountain Advisors LLC acquired a new position in shares of Public Service Enterprise Group during the 3rd quarter valued at $27,000. Quest 10 Wealth Builders Inc. boosted its stake in Public Service Enterprise Group by 250.5% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 248 shares in the last quarter. Finally, Bayban acquired a new stake in Public Service Enterprise Group in the fourth quarter worth $33,000. 73.34% of the stock is 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.