Zacks Research Issues Positive Forecast for PEG Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Investment analysts at Zacks Research upped their Q1 2025 earnings per share (EPS) estimates for shares of Public Service Enterprise Group in a research note issued on Wednesday, January 15th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $1.30 for the quarter, up from their previous forecast of $1.26. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share. Zacks Research also issued estimates for Public Service Enterprise Group’s Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.93 EPS and FY2025 earnings at $4.03 EPS.

Several other equities research analysts have also recently weighed in on PEG. UBS Group boosted their price objective on Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Guggenheim reaffirmed a “buy” rating on shares of Public Service Enterprise Group in a research note on Wednesday, December 11th. BMO Capital Markets increased their target price on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Finally, Morgan Stanley lifted their price target on shares of Public Service Enterprise Group from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Public Service Enterprise Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.17.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock opened at $88.41 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. Public Service Enterprise Group has a twelve month low of $56.85 and a twelve month high of $95.22. The company’s 50-day moving average price is $87.57 and its 200-day moving average price is $84.23. The company has a market cap of $44.05 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.81 and a beta of 0.65.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the firm posted $0.85 earnings per share. Public Service Enterprise Group’s revenue for the quarter was up 7.6% compared to the same quarter last year.

Institutional Trading of Public Service Enterprise Group

A number of hedge funds have recently bought and sold shares of PEG. Atomi Financial Group Inc. bought a new position in shares of Public Service Enterprise Group in the 4th quarter worth $202,000. Segment Wealth Management LLC raised its holdings in Public Service Enterprise Group by 7.0% in the fourth quarter. Segment Wealth Management LLC now owns 2,897 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 190 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Public Service Enterprise Group by 11.5% during the fourth quarter. Ballentine Partners LLC now owns 2,976 shares of the utilities provider’s stock valued at $251,000 after buying an additional 308 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Public Service Enterprise Group by 6.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 8,343 shares of the utilities provider’s stock valued at $705,000 after buying an additional 507 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Public Service Enterprise Group by 8.4% in the 4th quarter. UMB Bank n.a. now owns 8,842 shares of the utilities provider’s stock worth $747,000 after buying an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Insider Transactions at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total value of $117,005.98. Following the completion of the sale, the chief executive officer now directly owns 144,212 shares of the company’s stock, valued at $12,245,040.92. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard T. Thigpen sold 5,900 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $87.95, for a total transaction of $518,905.00. Following the transaction, the senior vice president now directly owns 25,829 shares in the company, valued at $2,271,660.55. This trade represents a 18.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,234 shares of company stock valued at $722,037. 0.18% of the stock is currently owned by corporate insiders.

Public Service Enterprise Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Tuesday, December 10th. Public Service Enterprise Group’s dividend payout ratio is 58.97%.

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.