Seaport Res Ptn Has Bearish Forecast for PEG FY2025 Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Seaport Res Ptn dropped their FY2025 earnings estimates for shares of Public Service Enterprise Group in a report released on Wednesday, December 11th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $3.99 per share for the year, down from their previous estimate of $4.17. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share. Seaport Res Ptn also issued estimates for Public Service Enterprise Group’s FY2026 earnings at $4.53 EPS.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.90 EPS 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 business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year.

A number of other equities analysts have also recently weighed in on PEG. Evercore ISI upped their price objective on shares of Public Service Enterprise Group from $92.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Morgan Stanley increased 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. Barclays lowered their price objective on Public Service Enterprise Group from $98.00 to $88.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company upped their target price on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group assumed coverage on shares of Public Service Enterprise Group in a research report on Friday, September 13th. They set a “hold” rating and a $85.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.17.

Public Service Enterprise Group Price Performance

Shares of PEG stock opened at $86.81 on Friday. Public Service Enterprise Group has a twelve month low of $56.85 and a twelve month high of $95.22. The company has a market capitalization of $43.25 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 3.14 and a beta of 0.62. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. The firm has a fifty day simple moving average of $89.32 and a 200-day simple moving average of $82.26.

Public Service Enterprise Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, December 10th. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 58.97%.

Insider Activity at Public Service Enterprise Group

In related news, COO Kim C. Hanemann sold 956 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 $6,307,290.99. The trade was a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tamara Louise Linde sold 9,564 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $90.61, for a total value of $866,594.04. Following the transaction, the executive vice president now owns 48,397 shares of the company’s stock, valued at approximately $4,385,252.17. The trade was a 16.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,798 shares of company stock valued at $1,595,921 in the last quarter. Insiders own 0.57% of the company’s stock.

Institutional Trading of Public Service Enterprise Group

A number of large investors have recently modified their holdings of the company. SPX Gestao de Recursos Ltda bought a new position in Public Service Enterprise Group in the 3rd quarter worth about $10,137,000. Inspire Trust Co. N.A. grew its holdings in Public Service Enterprise Group by 11.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 14,000 shares of the utilities provider’s stock worth $1,249,000 after buying an additional 1,476 shares in the last quarter. Franklin Resources Inc. increased its position in Public Service Enterprise Group by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,637,882 shares of the utilities provider’s stock valued at $235,194,000 after acquiring an additional 147,903 shares during the period. Tidal Investments LLC raised its stake in Public Service Enterprise Group by 26.9% during the 3rd quarter. Tidal Investments LLC now owns 16,306 shares of the utilities provider’s stock valued at $1,455,000 after acquiring an additional 3,461 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Public Service Enterprise Group by 30.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,189 shares of the utilities provider’s stock worth $909,000 after acquiring an additional 2,384 shares during the period. Institutional investors and hedge funds 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.