What is Scotiabank’s Estimate for PEG FY2026 Earnings?

Public Service Enterprise Group Incorporated (NYSE:PEG) – Research analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Public Service Enterprise Group in a research report issued on Wednesday, January 8th. Scotiabank analyst A. Weisel forecasts that the utilities provider will post earnings of $4.23 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $86.00 target price on the stock. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share.

Other analysts have also issued reports about the company. Morgan Stanley boosted their price target on Public Service Enterprise Group from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. UBS Group lifted their target price on Public Service Enterprise Group from $94.00 to $98.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Evercore ISI upped their price target on Public Service Enterprise Group from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on shares of Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Guggenheim reissued a “buy” rating on shares of Public Service Enterprise Group in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.17.

Public Service Enterprise Group Trading Down 0.2 %

PEG opened at $85.27 on Friday. The stock has a market capitalization of $42.48 billion, a P/E ratio of 20.95, a P/E/G ratio of 3.18 and a beta of 0.65. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. Public Service Enterprise Group has a 12 month low of $56.85 and a 12 month high of $95.22. The firm’s fifty day simple moving average is $87.50 and its 200 day simple moving average is $83.84.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.44 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS.

Public Service Enterprise Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Tuesday, December 10th. Public Service Enterprise Group’s payout ratio is currently 58.97%.

Insider Buying and Selling

In related news, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total transaction of $117,005.98. Following the completion of the sale, the chief executive officer now owns 144,212 shares of the company’s stock, valued at approximately $12,245,040.92. The trade was a 0.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Kim C. Hanemann sold 956 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $90.09, for a total transaction of $86,126.04. Following the completion of the transaction, the chief operating officer now owns 70,011 shares in the company, valued at approximately $6,307,290.99. This trade represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,234 shares of company stock worth $722,037. Company insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of large investors have recently made changes to their positions in PEG. Ashton Thomas Securities LLC acquired a new position in Public Service Enterprise Group in the 3rd quarter valued at $35,000. Northwest Investment Counselors LLC bought a new stake in shares of Public Service Enterprise Group in the third quarter valued at about $48,000. Legacy Investment Solutions LLC acquired a new position in shares of Public Service Enterprise Group in the third quarter valued at about $59,000. Kimelman & Baird LLC bought a new position in Public Service Enterprise Group during the second quarter worth about $66,000. Finally, Fortitude Family Office LLC raised its stake in Public Service Enterprise Group by 325.0% in the 3rd quarter. Fortitude Family Office LLC now owns 799 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 611 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Company Profile

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.