Public Service Enterprise Group (NYSE:PEG) Reaches New 52-Week Low – What’s Next?

Public Service Enterprise Group Incorporated (NYSE:PEG)’s stock price reached a new 52-week low on Friday . The company traded as low as $76.50 and last traded at $76.6180, with a volume of 674737 shares. The stock had previously closed at $77.75.

Analysts Set New Price Targets

A number of research analysts have weighed in on PEG shares. Truist Financial assumed coverage on Public Service Enterprise Group in a report on Tuesday, April 21st. They issued a “hold” rating and a $91.00 price objective on the stock. Wells Fargo & Company boosted their price target on shares of Public Service Enterprise Group from $96.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Friday, March 27th. Barclays boosted their price target on shares of 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.42.

Public Service Enterprise Group Stock Performance

The firm has a 50 day moving average of $81.18 and a two-hundred day moving average of $81.37. The stock has a market cap of $38.08 billion, a PE ratio of 16.90, a PEG ratio of 2.91 and a beta of 0.53. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.75.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.11. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Research analysts predict that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, June 9th. This represents a $2.68 annualized dividend and a yield of 3.5%. Public Service Enterprise Group’s payout ratio is presently 59.29%.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $81.21, for a total value of $169,160.43. Following the completion of the sale, the chief executive officer owned 289,315 shares in the company, valued at approximately $23,495,271.15. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the business’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 sale, the senior vice president owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. This represents a 14.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 10,949 shares of company stock valued at $902,747. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

Large investors have recently modified their holdings of the stock. Chapman Financial Group LLC purchased a new stake in shares of Public Service Enterprise Group during the second quarter worth approximately $25,000. Quest 10 Wealth Builders Inc. raised its stake in shares of 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 purchasing an additional 248 shares during the last quarter. Bayban purchased a new stake in shares of Public Service Enterprise Group during the fourth quarter worth approximately $33,000. Motiv8 Investments LLC purchased a new stake in shares of Public Service Enterprise Group during the fourth quarter worth approximately $40,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Public Service Enterprise Group during the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

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.