Zacks Research Analysts Lift Earnings Estimates for Public Service Enterprise Group Incorporated (NYSE:PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) – Zacks Research upped their FY2026 EPS estimates for Public Service Enterprise Group in a report issued on Tuesday, March 26th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $4.24 per share for the year, up from their previous forecast of $4.19. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Monday, February 26th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. Public Service Enterprise Group had a net margin of 22.81% and a return on equity of 11.53%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis.

A number of other brokerages have also recently issued reports on PEG. BMO Capital Markets dropped their price target on shares of Public Service Enterprise Group from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 27th. Guggenheim cut shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Monday, January 22nd. Wells Fargo & Company upped their price target on shares of Public Service Enterprise Group from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Royal Bank of Canada boosted their target price on Public Service Enterprise Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, TheStreet raised Public Service Enterprise Group from a “c+” rating to a “b-” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $66.38.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $66.78 on Wednesday. Public Service Enterprise Group has a 12 month low of $53.71 and a 12 month high of $67.02. The stock has a market cap of $33.30 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 1.15. The company’s fifty day moving average price is $61.14 and its 200-day moving average price is $61.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Union Savings Bank purchased a new position in shares of Public Service Enterprise Group in the second quarter valued at $28,000. Addison Advisors LLC purchased a new position in shares of Public Service Enterprise Group in the fourth quarter valued at $31,000. ICA Group Wealth Management LLC purchased a new position in Public Service Enterprise Group during the fourth quarter worth $31,000. Clear Street Markets LLC purchased a new position in Public Service Enterprise Group during the fourth quarter worth $31,000. Finally, Operose Advisors LLC boosted its stake in Public Service Enterprise Group by 435.0% during the third quarter. Operose Advisors LLC now owns 535 shares of the utilities provider’s stock worth $30,000 after buying an additional 435 shares during the period. 73.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,800 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $64.18, for a total value of $308,064.00. Following the completion of the transaction, the senior vice president now directly owns 31,122 shares in the company, valued at approximately $1,997,409.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Richard T. Thigpen sold 4,800 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $64.18, for a total value of $308,064.00. Following the completion of the transaction, the senior vice president now directly owns 31,122 shares of the company’s stock, valued at $1,997,409.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ralph A. Larossa sold 1,374 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $63.00, for a total transaction of $86,562.00. Following the completion of the transaction, the chief executive officer now directly owns 153,721 shares of the company’s stock, valued at $9,684,423. The disclosure for this sale can be found here. Insiders sold 6,574 shares of company stock worth $419,108 in the last three months. 0.57% of the stock is owned by company insiders.

Public Service Enterprise Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.59%. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Thursday, March 7th. Public Service Enterprise Group’s dividend payout ratio is presently 46.78%.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.