Public Service Enterprise Group (NYSE:PEG) Price Target Cut to $78.00 by Analysts at Truist Financial

Public Service Enterprise Group (NYSE:PEG) had its price objective dropped by equities researchers at Truist Financial from $84.00 to $78.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the utilities provider’s stock. Truist Financial’s price objective suggests a potential upside of 11.05% from the stock’s previous close.

Several other research firms have also recently issued reports on PEG. Jefferies Financial Group cut their price objective on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Royal Bank Of Canada began coverage on Public Service Enterprise Group in a research report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price target for the company. Citigroup dropped their price objective on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Wells Fargo & Company cut their price objective on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings cut shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Public Service Enterprise Group has a consensus rating of “Hold” and an average price target of $88.83.

Public Service Enterprise Group Price Performance

NYSE PEG traded down $0.32 on Thursday, hitting $70.24. The company had a trading volume of 667,478 shares, compared to its average volume of 3,058,899. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.67. The company has a market capitalization of $35.01 billion, a PE ratio of 17.45, a PEG ratio of 2.65 and a beta of 0.50. Public Service Enterprise Group has a 12-month low of $66.15 and a 12-month high of $87.63. The company’s fifty day moving average price is $71.98 and its 200-day moving average price is $77.01.

Public Service Enterprise Group (NYSE:PEG) last released 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. The business 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 12.42% and a net margin of 16.04%. The business’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 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts predict that Public Service Enterprise Group will post 4.37 earnings per share for the current year.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $67.48, for a total transaction of $140,560.84. Following the transaction, the chief executive officer directly owned 279,490 shares of the company’s stock, valued at approximately $18,859,985.20. This trade represents a 0.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 12,166 shares of company stock valued at $896,328. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC increased its holdings in Public Service Enterprise Group by 26.3% in the first quarter. Kestra Advisory Services LLC now owns 69,089 shares of the utilities provider’s stock valued at $5,593,000 after buying an additional 14,406 shares in the last quarter. Elevation Point Wealth Partners LLC raised its position in shares of Public Service Enterprise Group by 135.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 21,693 shares of the utilities provider’s stock valued at $1,756,000 after buying an additional 12,468 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Public Service Enterprise Group by 120.0% in the first quarter. Y Intercept Hong Kong Ltd now owns 63,102 shares of the utilities provider’s stock valued at $5,108,000 after buying an additional 34,415 shares during the last quarter. Commerce Bank purchased a new position in shares of Public Service Enterprise Group during the second quarter valued at approximately $3,934,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Public Service Enterprise Group by 66.2% during the first quarter. Quantinno Capital Management LP now owns 359,477 shares of the utilities provider’s stock valued at $29,100,000 after buying an additional 143,148 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group News Roundup

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

• Positive Sentiment: KeyCorp raised its estimate for third-quarter 2026 earnings to $1.25 per share from $1.14 and lifted its full-year 2026 forecast to $4.37 from $4.35, matching the current consensus estimate. KeyCorp earnings estimate update
• Positive Sentiment: Wall Street expects third-quarter diluted EPS to increase at a single-digit rate year over year, which could support the shares if PEG exceeds expectations or provides favorable guidance. What You Need to Know Ahead of Public Service Enterprise Group’s Earnings Release
• Neutral Sentiment: PSEG will announce its third-quarter 2026 financial results on November 2, making the upcoming report and management outlook the next major catalysts for PEG. PSEG To Announce Third Quarter 2026 Financial Results On November 2
• Negative Sentiment: KeyCorp cut its fourth-quarter 2026 EPS estimate sharply to $0.70 from $0.94. It also trimmed forecasts for 2027 EPS to $4.67 from $4.68, 2028 EPS to $4.94 from $4.99, 2029 EPS to $5.25 from $5.35, and 2030 EPS to $5.59 from $5.75, signaling softer longer-term earnings expectations. KeyCorp earnings estimate revisions
• Negative Sentiment: Goldman Sachs lowered its PEG price target to $83 from $86. Although the revised target remains above the recent trading level, the reduction reflects a less favorable valuation or outlook assessment. Goldman Sachs Adjusts Price Target on Public Service Enterprise Group

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Founded in 1903, the company operates primarily through its regulated utility subsidiary, Public Service Electric and Gas Company (PSE&G), and its competitive energy businesses.

PSE&G is New Jersey’s largest electric and gas utility, providing electricity and natural gas delivery, transmission, distribution, and related customer services to residential, commercial, and industrial customers across the state.