Guggenheim Maintains Buy Rating for Public Service Enterprise: Here's What You Need To Know

Guggenheim has decided to maintain its Buy rating of Public Service Enterprise PEG and lower its price target from $71.00 to $68.00.

Shares of Public Service Enterprise are trading up 0.05% over the last 24 hours, at $61.18 per share.

A move to $68.00 would account for a 11.15% increase from the current share price.

About Public Service Enterprise

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy infrastructure. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the Mid-Atlantic, New York, and the Northeast.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.