Public Service Enterprise Group (NYSE:PEG) Reaches New 12-Month Low – Here’s Why

Public Service Enterprise Group Incorporated (NYSE:PEG) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $70.25 and last traded at $70.5690, with a volume of 112897 shares changing hands. The stock had previously closed at $70.92.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings downgraded Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 target price on the stock. Truist Financial reduced their price target on Public Service Enterprise Group from $90.00 to $84.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Citigroup decreased their price target on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $89.43.

Public Service Enterprise Group Trading Down 0.5%

The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. The business’s 50-day simple moving average is $76.18 and its two-hundred day simple moving average is $79.16. The company has a market capitalization of $35.18 billion, a PE ratio of 17.58, a PEG ratio of 2.73 and a beta of 0.50.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%.The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the firm earned $0.77 earnings per share. The company’s 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, analysts predict that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is 66.67%.

Insiders Place Their Bets

In other news, SVP Richard T. Thigpen sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the transaction, the senior vice president directly owned 20,970 shares in the company, valued at approximately $1,563,523.20. This represents a 27.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $76.47, for a total transaction of $159,287.01. Following the sale, the chief executive officer directly owned 283,656 shares of the company’s stock, valued at $21,691,174.32. The trade was a 0.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,201 shares of company stock worth $1,172,339 in the last three months. 0.19% of the stock is owned by insiders.

Institutional Trading of Public Service Enterprise Group

Several institutional investors have recently added to or reduced their stakes in PEG. Westfuller Advisors LLC lifted its position in shares of Public Service Enterprise Group by 7.3% in the 1st quarter. Westfuller Advisors LLC now owns 1,891 shares of the utilities provider’s stock valued at $153,000 after acquiring an additional 129 shares in the last quarter. Key Financial Inc boosted its stake in Public Service Enterprise Group by 2.6% in the 4th quarter. Key Financial Inc now owns 5,221 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 133 shares during the period. CFS Investment Advisory Services LLC grew its position in Public Service Enterprise Group by 1.0% during the 4th quarter. CFS Investment Advisory Services LLC now owns 13,296 shares of the utilities provider’s stock worth $1,068,000 after purchasing an additional 138 shares in the last quarter. Y.D. More Investments Ltd grew its position in Public Service Enterprise Group by 22.5% during the 1st quarter. Y.D. More Investments Ltd now owns 866 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 159 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in Public Service Enterprise Group by 0.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 18,430 shares of the utilities provider’s stock valued at $1,480,000 after purchasing an additional 160 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Through its principal subsidiary, Public Service Electric and Gas Company (PSE&G), it provides regulated electric and natural gas transmission, distribution and delivery services to residential, commercial and industrial customers, primarily in New Jersey.

PSEG also owns PSEG Power, which operates and manages a diverse portfolio of electric-generating facilities, including nuclear, natural gas and renewable energy assets.