LADENBURG THALM/SH SH Has Lowered Expectations for Public Service Enterprise Group (NYSE:PEG) Stock Price

Public Service Enterprise Group (NYSE:PEG) had its target price reduced by investment analysts at LADENBURG THALM/SH SH from $80.50 to $75.50 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. LADENBURG THALM/SH SH‘s price objective suggests a potential upside of 3.53% from the company’s previous close.

PEG has been the topic of several other reports. Jefferies Financial Group dropped their target price on Public Service Enterprise Group from $73.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Wells Fargo & Company reduced their price target on Public Service Enterprise Group from $89.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday. Truist Financial dropped their price objective on Public Service Enterprise Group from $84.00 to $78.00 and set a “hold” rating on the stock in a report on Thursday, October 15th. The Goldman Sachs Group dropped their price objective on Public Service Enterprise Group from $86.00 to $83.00 in a report on Thursday, October 15th. Finally, Barclays cut their price objective on shares of Public Service Enterprise Group from $83.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.63.

Public Service Enterprise Group Stock Down 2.0%

Public Service Enterprise Group stock traded down $1.45 during trading hours on Tuesday, hitting $72.93. The company had a trading volume of 1,445,709 shares, compared to its average volume of 3,074,751. The firm has a market capitalization of $36.35 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 2.48 and a beta of 0.48. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.67. The firm’s fifty day moving average is $71.23 and its 200-day moving average is $78.02. Public Service Enterprise Group has a fifty-two week low of $66.15 and a fifty-two week high of $87.63.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Monday, November 2nd. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the business earned $1.13 EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, research analysts forecast that Public Service Enterprise Group will post 4.38 earnings per share for the current year.

Insider Activity

In other Public Service Enterprise Group news, SVP Richard Thigpen sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the sale, the senior vice president owned 20,970 shares of the company’s stock, valued at $1,563,523.20. The trade was a 27.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ralph LaRossa sold 2,083 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $67.48, for a total value of $140,560.84. Following the sale, the chief executive officer owned 279,490 shares of the company’s stock, valued at approximately $18,859,985.20. This trade represents a 0.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Public Service Enterprise Group in the second quarter worth $4,366,570,000. State Street Corp grew its stake in Public Service Enterprise Group by 1.4% in the 2nd quarter. State Street Corp now owns 29,481,434 shares of the utilities provider’s stock valued at $2,392,713,000 after buying an additional 399,191 shares during the last quarter. Bank of America Corp DE acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at $1,207,400,000. Legal & General Group Plc bought a new position in Public Service Enterprise Group in the 2nd quarter worth $554,994,000. Finally, Amundi raised its holdings in Public Service Enterprise Group by 71.6% in the 2nd quarter. Amundi now owns 3,962,317 shares of the utilities provider’s stock worth $321,580,000 after acquiring an additional 1,653,832 shares during the period. Institutional investors own 73.34% of the company’s stock.

Key Stories Impacting Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: Wells Fargo lowered its price target to $87 from $89 but maintained an Overweight rating, implying about 19% upside from the cited share price. Article
• Neutral Sentiment: PSEG maintained 2026 non-GAAP operating EPS guidance of $4.28–$4.40, in line with the $4.38 analyst consensus midpoint. The company also cited a five-year regulated investment plan of $22.5 billion–$25.5 billion, supporting long-term infrastructure growth but requiring substantial investment. PSEG third-quarter results Long-term investor takeaways
• Negative Sentiment: Third-quarter non-GAAP operating EPS was $1.15, below analyst estimates of roughly $1.19–$1.21, while revenue of $3.02 billion missed the $3.19 billion consensus and fell 6.4% year over year. Net income was also lower than a year earlier, adding to investor concerns about the quarter. Q3 earnings miss Q3 profit report

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.