Public Service Enterprise Group (NYSE:PEG) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Public Service Enterprise Group (NYSE:PEG) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Several other brokerages have also recently commented on PEG. UBS Group reduced their target price on Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Scotiabank restated a “sector perform” rating and issued a $92.00 price objective on shares of Public Service Enterprise Group in a research note on Thursday, February 26th. Wells Fargo & Company increased 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Monday, December 29th. Finally, Argus upgraded shares of Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.73.

Public Service Enterprise Group Trading Down 0.6%

Public Service Enterprise Group stock opened at $83.41 on Friday. The business has a 50 day moving average price of $81.82 and a two-hundred day moving average price of $81.80. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group has a 12 month low of $74.67 and a 12 month high of $91.25. The stock has a market cap of $41.60 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.71 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share 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 analyst estimates of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.Public Service Enterprise Group’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities analysts forecast that Public Service Enterprise Group will post 3.67 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.67 per share. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, March 10th. Public Service Enterprise Group’s dividend payout ratio is currently 59.72%.

Insiders Place Their Bets

In other news, 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 of the company’s stock, valued at approximately $24,503,093.74. This represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was 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. This trade represents a 14.16% decrease in their position. The SEC filing for this sale provides additional information. 0.19% of the stock is currently owned by company insiders.

Institutional Trading of Public Service Enterprise Group

Several large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Public Service Enterprise Group during the fourth quarter worth approximately $552,280,000. Bank of America Corp DE boosted its holdings in shares of Public Service Enterprise Group by 24.7% in the 2nd quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock worth $1,476,230,000 after acquiring an additional 3,469,886 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Public Service Enterprise Group by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider’s stock worth $5,420,155,000 after acquiring an additional 2,189,951 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Public Service Enterprise Group by 174.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,810,761 shares of the utilities provider’s stock worth $225,704,000 after acquiring an additional 1,788,449 shares during the last quarter. Finally, Invesco Ltd. grew its position in Public Service Enterprise Group by 27.8% during the 2nd quarter. Invesco Ltd. now owns 6,473,897 shares of the utilities provider’s stock worth $544,973,000 after acquiring an additional 1,408,707 shares during the last quarter. 73.34% of the stock is owned by institutional investors.

More Public Service Enterprise Group News

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

• Positive Sentiment: Analysts raised earnings and targets — Scotiabank increased its FY2026 and FY2027 EPS forecasts for PEG (to $4.37 and $4.68 respectively) and set a $92 target, reflecting stronger expected earnings from regulated operations. This signals upward revisions to fundamentals that can support the stock.
• Positive Sentiment: Broker upgrades lift sentiment — Evercore upgraded PSEG from in-line to outperform and set a $96 price target, giving the stock a notable upside case that may attract buyers. Finviz
• Positive Sentiment: Price-target increases from other shops — Barclays raised its target to $89 while keeping an equal-weight rating, and other brokers have recently raised targets or reaffirmed buys, supporting a consensus near ~$92 that underpins valuation expectations. Tickerreport
• Positive Sentiment: Fundamentals and shareholder returns — PEG recently reported a modest earnings beat and gave FY2026 EPS guidance (~$4.28–4.40). The company also raised its quarterly dividend to $0.67, improving yield and income appeal for dividend-focused investors.
• Neutral Sentiment: Institutional flows remain large — Vanguard, State Street and others increased stakes in PEG during recent quarters, signaling continued institutional allocation but not an immediate directional catalyst.
• Negative Sentiment: High-profile caution from Jim Cramer — On-air, Jim Cramer advised listeners not to buy PEG, a headline that can sway retail sentiment and increase short-term selling pressure. Jim Cramer on PEG
• Negative Sentiment: Insider selling — SVP Richard Thigpen sold 4,700 shares (~$390k) in early March; while not massive, insider sales can be viewed negatively by investors focused on insider alignment. SEC filing: SEC Filing

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.