Public Service Enterprise Group Incorporated Announces Quarterly Dividend of $0.67 (NYSE:PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.67 per share by the utilities provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 9th.

Public Service Enterprise Group has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Public Service Enterprise Group has a payout ratio of 61.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Public Service Enterprise Group to earn $4.70 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 57.0%.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $78.57 on Wednesday. The firm has a market capitalization of $39.19 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. The firm has a fifty day simple moving average of $83.09 and a two-hundred day simple moving average of $81.75. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group has a 12 month low of $76.00 and a 12 month high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. Public Service Enterprise Group’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Analysts forecast that Public Service Enterprise Group will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.