Public Service Enterprise Group (NYSE:PEG) Earns “Neutral” Rating from JPMorgan Chase & Co.

Public Service Enterprise Group (NYSE:PEG)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $85.00 price objective on the utilities provider’s stock, down from their prior price objective of $88.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 6.52% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 price objective for the company in a research note on Wednesday, January 7th. BTIG Research assumed coverage on shares of Public Service Enterprise Group in a report on Wednesday, October 22nd. They set a “buy” rating and a $98.00 target price on the stock. TD Cowen lifted their price target on shares of Public Service Enterprise Group from $93.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Argus upgraded Public Service Enterprise Group to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, Barclays raised their price objective on Public Service Enterprise Group from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.42.

Public Service Enterprise Group Stock Performance

PEG opened at $79.80 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.93 and a quick ratio of 0.69. The business has a fifty day simple moving average of $80.36 and a 200 day simple moving average of $82.36. Public Service Enterprise Group has a 1 year low of $74.67 and a 1 year high of $91.25. The company has a market capitalization of $39.83 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 2.24 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Monday, November 3rd. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.11. Public Service Enterprise Group had a return on equity of 12.62% and a net margin of 17.77%.The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the business earned $0.90 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. Research analysts expect that Public Service Enterprise Group will post 3.67 EPS for the current year.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,920 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $82.33, for a total transaction of $405,063.60. Following the completion of the transaction, the senior vice president owned 26,134 shares of the company’s stock, valued at approximately $2,151,612.22. The trade was a 15.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Newman Dignan & Sheerar Inc. lifted its stake in Public Service Enterprise Group by 11.8% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 6,279 shares of the utilities provider’s stock valued at $504,000 after purchasing an additional 662 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Public Service Enterprise Group by 6.9% during the fourth quarter. Greenleaf Trust now owns 10,300 shares of the utilities provider’s stock worth $827,000 after buying an additional 661 shares in the last quarter. Master S Wealth Management Inc. lifted its stake in shares of Public Service Enterprise Group by 13.0% in the 4th quarter. Master S Wealth Management Inc. now owns 2,771 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 318 shares during the last quarter. Apella Capital LLC boosted its holdings in shares of Public Service Enterprise Group by 22.2% during the 4th quarter. Apella Capital LLC now owns 6,532 shares of the utilities provider’s stock valued at $525,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Public Service Enterprise Group by 64.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 4,518 shares of the utilities provider’s stock valued at $363,000 after acquiring an additional 1,774 shares in the last quarter. 73.34% of the stock is owned by 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.