Zacks Research Issues Negative Outlook for PEG Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Equities research analysts at Zacks Research lowered their Q2 2025 earnings estimates for shares of Public Service Enterprise Group in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $0.77 per share for the quarter, down from their previous forecast of $0.79. 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 FY2025 earnings at $4.00 EPS, Q1 2026 earnings at $1.68 EPS and Q3 2026 earnings at $0.82 EPS.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.01. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis.

A number of other research firms also recently commented on PEG. StockNews.com upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Friday, March 14th. Scotiabank increased their price target on shares of Public Service Enterprise Group from $73.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Bank of America dropped their price target on shares of Public Service Enterprise Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company dropped their price target on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, Barclays cut shares of Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $88.00 to $84.00 in a research note on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Public Service Enterprise Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.65.

Public Service Enterprise Group Stock Down 0.4 %

PEG stock opened at $83.00 on Friday. The company has a market cap of $41.38 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.78 and a beta of 0.60. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. Public Service Enterprise Group has a 12 month low of $64.03 and a 12 month high of $95.22. The firm has a 50-day moving average of $83.50 and a two-hundred day moving average of $86.06.

Hedge Funds Weigh In On Public Service Enterprise Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEG. Empowered Funds LLC boosted its position in Public Service Enterprise Group by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 8,362 shares of the utilities provider’s stock valued at $746,000 after buying an additional 597 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Public Service Enterprise Group in the 3rd quarter valued at $2,258,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Public Service Enterprise Group in the 3rd quarter valued at $2,498,000. Commerce Bank raised its holdings in shares of Public Service Enterprise Group by 2.9% in the 3rd quarter. Commerce Bank now owns 44,879 shares of the utilities provider’s stock valued at $4,004,000 after purchasing an additional 1,261 shares in the last quarter. Finally, Howe & Rusling Inc. acquired a new stake in shares of Public Service Enterprise Group in the 3rd quarter valued at $488,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 144,212 shares of the company’s stock, valued at $12,245,040.92. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.57% of the stock is currently owned by corporate insiders.

Public Service Enterprise Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.04%. The ex-dividend date is Monday, March 10th. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.60. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 71.19%.

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.