B of A Securities Cuts PEG Price Target to $85
Key Points
- B of A Securities adjusted its price target on PEG from $87 to $85, maintaining a Buy rating as of October 27, 2026.
- B of A Securities's $85 price target implies 17.88% upside from Public Service Enterprise Group Incorporated's ($PEG) current $72.11 share price.
- The stock recently traded at $72.11, which is about 15.2% below the new analyst target of $85.
- PEG has a market cap of about $35.9 billion and a forward P/E ratio of 15.5.
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On October 27, 2026, B of A Securities lowered its price target on Public Service Enterprise Group Incorporated (PEG) from $87 to $85 while keeping its Buy rating. This change was reported in the firm's research note on the same day.
B of A Securities maintains a positive outlook on PEG despite the lower target. The stock closed at $72.11 on October 26, 2026, the day before the adjustment. The recent price is about 15.2% below the new price target, indicating a potential upside for investors if the stock moves closer to the target in the future.
PEG
Public Service Enterprise Group Incorporated
B of A Securities vs. the S&P 500
Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in PEG
Legal & General Group PLC increased its holdings in PEG by 134,084 shares, bringing its total to 6,838,275 shares valued at approximately $493.1 million. This reflects a 2.0% increase in their position.
Public Service Enterprise Group Incorporated Stock Up 0.1%
Currently, PEG trades at $72.11, which is about equal to its closing price on the previous day. The stock is below its 200-day moving average by about 7.8% and is 17.7% away from its 52-week high of $87.63. This positioning may influence investor sentiment following the target adjustment.
$PEG price target
Public Service Enterprise Group Incorporated daily closes and this analyst's $85 target. Not advice.
Recent Earnings
In its most recent earnings report, PEG posted a trailing twelve-month revenue of approximately $12.54 billion, with an EPS of $4.02. The next earnings report is scheduled for November 2, 2026, which will provide further insights into the company's performance.
Insider Buying and Selling at Public Service Enterprise Group Incorporated
Since July 2026, several insiders at PEG have sold shares. CEO Ralph A. Larossa Jr. sold 2,083 shares at an average price of $80.51 on July 1, 2026, totaling about $167,704. He also sold shares on August 3 and September 1 at lower prices. Richard T. Thigpen, another officer, sold 8,000 shares on August 11 at an average price of $74.56, valued at approximately $596,480.
Analysts Set New Price Targets
On October 27, 2026, B of A Securities lowered its price target for PEG from $87 to $85 while maintaining its Buy rating. Other analysts have also recently adjusted their targets, with Truist Securities maintaining a Hold rating and a target of $78, and JP Morgan keeping a Neutral rating with a target of $77.
About PEG
Public Service Enterprise Group Incorporated operates in the electric and gas utility sector, providing services through its subsidiaries across the United States. The company is headquartered in Newark, NJ, and has a workforce of about 13,189 employees. The recent adjustments in analyst targets may impact investor expectations as the company approaches its next earnings report.
Bottom Line
Investors should watch for the upcoming earnings report on November 2, 2026, to assess PEG's performance following these analyst changes. The adjustments by B of A Securities and other firms highlight the ongoing scrutiny of PEG in the current market environment.
Related Filing Alerts
Source: B of A Securities's rating change on $PEG (Oct 27, 2026). Written by software, not financial advice. How we make alerts