Public Service Enterprise Group (NYSE:PEG) Given New $84.00 Price Target at Citigroup

Public Service Enterprise Group (NYSE:PEG) had its price objective dropped by Citigroup from $91.00 to $84.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. Citigroup’s target price suggests a potential upside of 11.20% from the stock’s previous close.

Several other equities research analysts have also weighed in on the stock. Royal Bank Of Canada initiated coverage on shares of Public Service Enterprise Group in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price objective on the stock. Wells Fargo & Company reduced their price objective on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday. BMO Capital Markets increased their target price on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research report on Monday, April 13th. Weiss Ratings downgraded shares of Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.63.

Public Service Enterprise Group Stock Down 1.0%

PEG traded down $0.73 during trading on Wednesday, hitting $75.54. The company had a trading volume of 1,491,280 shares, compared to its average volume of 2,943,726. Public Service Enterprise Group has a 1-year low of $74.20 and a 1-year high of $88.65. 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 company has a market cap of $37.64 billion, a PE ratio of 16.71, a P/E/G ratio of 2.88 and a beta of 0.51. The business has a 50-day moving average of $79.60 and a 200-day moving average of $80.81.

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

Insider Buying and Selling at Public Service Enterprise Group

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

Institutional Trading of Public Service Enterprise Group

Institutional investors have recently made changes to their positions in the stock. Community Financial Services Group LLC bought a new stake in Public Service Enterprise Group during the second quarter worth approximately $25,000. Chapman Financial Group LLC acquired a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at $25,000. Quest 10 Wealth Builders Inc. increased 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 valued at $28,000 after purchasing an additional 248 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of Public Service Enterprise Group by 240.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock worth $28,000 after buying an additional 243 shares in the last quarter. Finally, Bayban acquired a new stake in shares of Public Service Enterprise Group in the fourth quarter valued at $33,000. 73.34% of the stock is owned by institutional investors and hedge funds.

Public Service Enterprise Group News Roundup

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

• Positive Sentiment: Second-quarter EPS beat estimates: PSEG reported earnings of $0.86 per share, above the $0.80 consensus and up from $0.77 a year earlier. The earnings outperformance provides some support for PEG. PSEG Tops Q2 Earnings Estimates
• Positive Sentiment: Analyst remains bullish: Wells Fargo lowered its PEG price target from $91 to $89 but retained an “overweight” rating, indicating continued confidence in the stock’s long-term potential and substantial upside from recent levels. Wells Fargo PEG Rating and Price Target
• Positive Sentiment: Dividend and regulatory growth prospects: PSEG declared a quarterly dividend of $0.67, equivalent to a 3.5% annualized yield. Management also reaffirmed its 2026 operating EPS outlook of $4.28–$4.40 and plans to file a base-rate case by year-end, which could support future utility earnings and cash flow. PSEG 2026 Guidance and Rate Filing Plans
• Neutral Sentiment: CEO insider sale: CEO Ralph Larossa sold 2,083 shares worth about $159,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.73%, limiting its significance for investors. SEC Insider Transaction Filing
• Negative Sentiment: Revenue weakness and reduced target: Quarterly revenue of $2.55 billion missed the $2.66 billion estimate and fell 8.9% year over year. The top-line decline, combined with Wells Fargo’s target reduction, may be driving the weaker trading despite the EPS beat. PSEG Quarterly Earnings Report

Public Service Enterprise Group Company Profile

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.