Public Service Enterprise Group (NYSE:PEG) Sets New 12-Month Low – Should You Sell?

Public Service Enterprise Group Incorporated (NYSE:PEG)’s share price reached a new 52-week low on Tuesday. The company traded as low as $66.15 and last traded at $66.9710, with a volume of 69286 shares. The stock had previously closed at $66.73.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup dropped their price objective on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Morgan Stanley reduced their target price on shares of Public Service Enterprise Group from $91.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group lowered their price target on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Finally, Truist Financial cut their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $89.23.

Public Service Enterprise Group Stock Up 0.2%

The stock has a market capitalization of $33.32 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.52 and a beta of 0.50. 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 company’s 50-day moving average is $73.91 and its 200 day moving average is $78.05.

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, topping the consensus estimate 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 net margin of 16.04% and a return on equity of 12.42%. Public Service Enterprise Group’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.0%. Public Service Enterprise Group’s payout ratio is 66.67%.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the sale, the senior vice president owned 20,970 shares in the company, valued at approximately $1,563,523.20. The trade was a 27.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $76.47, for a total value of $159,287.01. Following the completion of the transaction, the chief executive officer directly owned 283,656 shares in the company, valued at $21,691,174.32. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 12,166 shares of company stock worth $923,469. 0.19% of the stock is owned by insiders.

Institutional Trading of Public Service Enterprise Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Community Financial Services Group LLC purchased a new stake in Public Service Enterprise Group in the second quarter valued at $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Public Service Enterprise Group in the second quarter worth about $26,000. Elevation Wealth Partners LLC grew its holdings in Public Service Enterprise Group by 240.6% during the second quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 243 shares during the period. Aberdeen Wealth Management LLC purchased a new position in Public Service Enterprise Group during the second quarter valued at approximately $32,000. Finally, Montgomery Financial Services LLC acquired a new position in Public Service Enterprise Group in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

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.