Public Service Enterprise Group (NYSE:PEG) Price Target Cut to $89.00 by Analysts at Wells Fargo & Company

Public Service Enterprise Group (NYSE:PEG) had its price objective decreased by investment analysts at Wells Fargo & Company from $91.00 to $89.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 18.86% from the stock’s current price.

A number of other research firms have also commented on PEG. Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial increased their target price on shares of Public Service Enterprise Group from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings lowered Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Royal Bank Of Canada started coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price target on the stock. Finally, Jefferies Financial Group dropped their price target on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.11.

Public Service Enterprise Group Stock Performance

Shares of PEG traded down $1.39 during mid-day trading on Wednesday, reaching $74.88. 653,490 shares of the company’s stock were exchanged, compared to its average volume of 2,938,087. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.75. The stock has a market capitalization of $37.31 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 2.88 and a beta of 0.51. The business’s fifty day simple moving average is $79.60 and its 200-day simple moving average is $80.81. Public Service Enterprise Group has a 52-week low of $74.20 and a 52-week high of $88.65.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company posted $0.77 EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts expect that Public Service Enterprise Group will post 4.37 earnings per share for the current year.

Insider Transactions at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $76.47, for a total value of $159,287.01. Following the completion of the sale, the chief executive officer owned 283,656 shares in the company, valued at $21,691,174.32. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kim C. Hanemann sold 3,035 shares of Public Service Enterprise Group stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total value of $248,870.00. Following the completion of the sale, the chief operating officer directly owned 98,815 shares in the company, valued at $8,102,830. This represents a 2.98% 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. Over the last quarter, insiders have sold 9,284 shares of company stock worth $736,271. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Public Service Enterprise Group

Large investors have recently modified their holdings of the business. Community Financial Services Group LLC acquired a new position in Public Service Enterprise Group during the second quarter worth $25,000. Chapman Financial Group LLC acquired a new stake in Public Service Enterprise Group in the second quarter valued at $25,000. Quest 10 Wealth Builders Inc. boosted its position in shares of Public Service Enterprise Group by 250.5% during the 4th 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 in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Public Service Enterprise Group by 240.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 243 shares in the last quarter. Finally, Bayban acquired a new position in shares of Public Service Enterprise Group during the 4th quarter worth $33,000. 73.34% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Public Service Enterprise Group

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

• Positive Sentiment: EPS beat estimates: PSEG reported second-quarter earnings of $0.86 per share, up from $0.77 a year earlier and above the $0.80 analyst consensus. The earnings outperformance could support PEG, particularly if cost controls and operating execution remain strong. PSEG Tops Q2 Earnings Estimates
• Positive Sentiment: 2026 guidance was maintained: Management reaffirmed operating EPS guidance of $4.28 to $4.40, broadly consistent with the $4.38 consensus. PSEG also plans to file a base-rate case by year-end 2026, which could provide future rate-base growth and improve utility cash-flow visibility. PSEG Reaffirms 2026 EPS and Base-Rate Filing Plans
• Positive Sentiment: Dividend remains attractive: The company declared a quarterly dividend of $0.67, or $2.68 annualized, implying a yield of roughly 3.5% based on the reported share price. PSEG Dividend and Stock Information
• Neutral Sentiment: CEO insider sale was modest: CEO Ralph Larossa sold 2,083 shares for approximately $159,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.73%, making it less significant as an investment signal. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed and declined: Second-quarter revenue was $2.55 billion, below the $2.66 billion estimate and down 8.9% year over year. The top-line weakness and discussion of GAAP headwinds may outweigh the EPS beat in the near term. PSEG Quarterly Earnings Report

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.