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

Public Service Enterprise Group Incorporated (NYSE:PEG) – Stock analysts at Seaport Res Ptn increased their FY2025 earnings per share (EPS) 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 anticipates that the utilities provider will post earnings of $4.40 per share for the year, up from their prior forecast 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 posted its quarterly earnings data on Monday, February 26th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Public Service Enterprise Group had a return on equity of 11.53% and a net margin of 22.81%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the firm earned $0.64 EPS. The business’s quarterly revenue was down 17.0% on a year-over-year basis.

A number of other research firms have also recently weighed in on PEG. Barclays lifted their price objective on Public Service Enterprise Group from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Scotiabank lowered their price target on Public Service Enterprise Group from $64.00 to $62.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Morgan Stanley reissued an “overweight” rating and issued a $70.00 price target (up from $61.00) on shares of Public Service Enterprise Group in a report on Monday, March 25th. BMO Capital Markets lowered their price target on Public Service Enterprise Group from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Tuesday, February 27th. Finally, Bank of America boosted their price target on Public Service Enterprise Group from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Public Service Enterprise Group currently has a consensus rating of “Moderate Buy” and an average target price of $67.15.

Public Service Enterprise Group Stock Down 0.4 %

PEG stock opened at $67.82 on Friday. Public Service Enterprise Group has a twelve month low of $53.71 and a twelve month high of $68.39. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 1.15. The stock has a market cap of $33.81 billion, a P/E ratio of 13.22, a PEG ratio of 2.98 and a beta of 0.58. The business’s 50-day moving average price is $64.64 and its 200-day moving average price is $62.31.

Hedge Funds Weigh In On Public Service Enterprise Group

Large investors have recently modified their holdings of the stock. Rockline Wealth Management LLC bought a new position in shares of Public Service Enterprise Group during the 4th quarter valued at approximately $1,185,000. Allspring Global Investments Holdings LLC grew its position in Public Service Enterprise Group by 4.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 415,315 shares of the utilities provider’s stock valued at $25,397,000 after acquiring an additional 17,838 shares during the last quarter. Jennison Associates LLC grew its position in Public Service Enterprise Group by 79.9% in the 4th quarter. Jennison Associates LLC now owns 895,450 shares of the utilities provider’s stock valued at $54,757,000 after acquiring an additional 397,606 shares during the last quarter. International Assets Investment Management LLC grew its position in Public Service Enterprise Group by 5,613.8% in the 4th quarter. International Assets Investment Management LLC now owns 172,443 shares of the utilities provider’s stock valued at $10,545,000 after acquiring an additional 169,425 shares during the last quarter. Finally, PATRIZIA Pty Ltd bought a new position in Public Service Enterprise Group in the 4th quarter valued at $5,158,000. Institutional investors own 73.34% of the company’s stock.

Insiders Place Their Bets

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,800 shares of Public Service Enterprise Group 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 sale, the senior vice president now owns 31,122 shares of the company’s stock, valued at approximately $1,997,409.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Richard T. Thigpen sold 4,800 shares of the business’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 transaction of $308,064.00. Following the transaction, the senior vice president now owns 31,122 shares of the company’s stock, valued at approximately $1,997,409.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ralph A. Larossa sold 1,374 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $66.37, for a total value of $91,192.38. Following the transaction, the chief executive officer now directly owns 152,347 shares in the company, valued at approximately $10,111,270.39. The disclosure for this sale can be found here. Insiders have sold a total of 7,948 shares of company stock valued at $511,814 in the last quarter. 0.57% of the stock is currently owned by insiders.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Friday, June 7th. Public Service Enterprise Group’s payout ratio is 46.78%.

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.