Seaport Res Ptn Analysts Raise Earnings Estimates for Public Service Enterprise Group Incorporated (NYSE:PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) – Analysts at Seaport Res Ptn lifted their FY2025 earnings per share estimates for shares of Public Service Enterprise Group in a note issued to investors on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $4.40 per share for the year, up from their previous estimate of $4.05. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.66 per share. Seaport Res Ptn also issued estimates for Public Service Enterprise Group’s FY2026 earnings at $4.66 EPS.

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

Other research analysts also recently issued reports about the company. Guggenheim downgraded Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Monday, January 22nd. BMO Capital Markets lowered their price objective on shares of Public Service Enterprise Group from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Tuesday, February 27th. Scotiabank lowered their price objective on shares of Public Service Enterprise Group from $64.00 to $62.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada boosted their price objective on shares of Public Service Enterprise Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Public Service Enterprise Group from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.15.

Public Service Enterprise Group Trading Down 0.4 %

Shares of PEG opened at $67.82 on Friday. The stock has a fifty day moving average of $64.64 and a two-hundred day moving average of $62.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.67. The company has a market capitalization of $33.81 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 2.98 and a beta of 0.58. Public Service Enterprise Group has a fifty-two week low of $53.71 and a fifty-two week high of $68.39.

Public Service Enterprise Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a yield of 3.54%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 46.78%.

Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,374 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.00, for a total value 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 approximately $9,684,423. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,374 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.00, for a total value 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 approximately $9,684,423. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Richard T. Thigpen sold 4,800 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $64.18, for a total transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 7,948 shares of company stock valued at $511,814. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of institutional investors have recently modified their holdings of PEG. Operose Advisors LLC raised 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 acquiring an additional 435 shares during the period. Addison Advisors LLC acquired a new stake in Public Service Enterprise Group during the fourth quarter worth about $31,000. CNB Bank acquired a new stake in Public Service Enterprise Group during the third quarter worth about $34,000. Bruce G. Allen Investments LLC acquired a new stake in Public Service Enterprise Group during the fourth quarter worth about $36,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Public Service Enterprise Group during the first quarter worth about $36,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

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.