Wall Street Zen Upgrades Public Service Enterprise Group (NYSE:PEG) to “Hold”

Public Service Enterprise Group (NYSE:PEG) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities research analysts have also commented on PEG. Morgan Stanley decreased their price target on Public Service Enterprise Group from $101.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 18th. BMO Capital Markets boosted their price target on Public Service Enterprise Group from $84.00 to $89.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. UBS Group boosted their price target on Public Service Enterprise Group from $97.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Barclays decreased their price target on Public Service Enterprise Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.95.

Public Service Enterprise Group Price Performance

Shares of PEG opened at $81.12 on Friday. The stock’s 50 day moving average is $84.55 and its two-hundred day moving average is $82.20. The firm has a market capitalization of $40.49 billion, a PE ratio of 20.49, a P/E/G ratio of 2.84 and a beta of 0.50. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. Public Service Enterprise Group has a twelve month low of $74.67 and a twelve month high of $95.22.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.49 billion. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. Research analysts anticipate that Public Service Enterprise Group will post 3.67 earnings per share for the current year.

Insider Activity

In related news, CEO Ralph A. Larossa sold 1,387 shares of Public Service Enterprise Group stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $83.12, for a total transaction of $115,287.44. Following the completion of the transaction, the chief executive officer directly owned 218,328 shares in the company, valued at $18,147,423.36. The trade was a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at $25,000. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at $25,000. REAP Financial Group LLC raised its holdings in Public Service Enterprise Group by 105.9% in the 4th quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 162 shares during the last quarter. Keener Financial Planning LLC acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at $27,000. Finally, GoalVest Advisory LLC raised its holdings in Public Service Enterprise Group by 166.7% in the 2nd quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 225 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.