Investment Analysts’ Weekly Ratings Updates for Public Service Enterprise Group (PEG)

A number of firms have modified their ratings and price targets on shares of Public Service Enterprise Group (NYSE: PEG) recently:

• 3/14/2025 – Public Service Enterprise Group was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/5/2025 – Public Service Enterprise Group was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/3/2025 – Public Service Enterprise Group had its price target lowered by analysts at Bank of America Co. from $95.00 to $92.00. They now have a “buy” rating on the stock.
• 2/26/2025 – Public Service Enterprise Group had its price target lowered by analysts at Wells Fargo & Company from $100.00 to $95.00. They now have an “overweight” rating on the stock.
• 2/26/2025 – Public Service Enterprise Group had its price target raised by analysts at BMO Capital Markets from $85.00 to $86.00. They now have a “market perform” rating on the stock.
• 2/26/2025 – Public Service Enterprise Group had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $98.00 price target on the stock.
• 1/27/2025 – Public Service Enterprise Group was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $84.00 price target on the stock, down previously from $88.00.

Public Service Enterprise Group Trading Up 2.3 %

NYSE:PEG opened at $81.59 on Monday. The stock has a 50-day simple moving average of $83.74 and a 200-day simple moving average of $86.02. The stock has a market cap of $40.68 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.78 and a beta of 0.60. Public Service Enterprise Group Incorporated has a 1 year low of $63.31 and a 1 year high of $95.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. As a group, analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.63 dividend. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.60. This represents a $2.52 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Monday, March 10th. Public Service Enterprise Group’s payout ratio is presently 71.19%.

Insider Activity

In other news, CEO Ralph A. Larossa sold 1,378 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $83.10, for a total value of $114,511.80. Following the completion of the sale, the chief executive officer now directly owns 126,791 shares of the company’s stock, valued at approximately $10,536,332.10. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

Institutional Trading of Public Service Enterprise Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Center for Financial Planning Inc. lifted its holdings in shares of Public Service Enterprise Group by 3.0% in the 4th quarter. Center for Financial Planning Inc. now owns 4,126 shares of the utilities provider’s stock valued at $349,000 after purchasing an additional 120 shares during the last quarter. Spire Wealth Management raised its stake in Public Service Enterprise Group by 2.4% during the 4th quarter. Spire Wealth Management now owns 5,207 shares of the utilities provider’s stock valued at $440,000 after acquiring an additional 121 shares during the last quarter. First Commonwealth Financial Corp PA raised its stake in Public Service Enterprise Group by 1.3% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 9,444 shares of the utilities provider’s stock valued at $842,000 after acquiring an additional 123 shares during the last quarter. United Asset Strategies Inc. raised its stake in Public Service Enterprise Group by 2.6% during the 4th quarter. United Asset Strategies Inc. now owns 4,921 shares of the utilities provider’s stock valued at $416,000 after acquiring an additional 127 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in Public Service Enterprise Group by 0.4% during the 4th quarter. Fifth Third Bancorp now owns 35,384 shares of the utilities provider’s stock valued at $2,990,000 after acquiring an additional 139 shares during the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

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.