Zacks Research Issues Positive Estimate for PEG Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Research analysts at Zacks Research boosted their Q1 2025 earnings per share estimates for shares of Public Service Enterprise Group in a report issued on Thursday, December 12th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $1.26 for the quarter, up from their previous forecast of $1.23. 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 $0.78 EPS, Q4 2025 earnings at $0.95 EPS, Q2 2026 earnings at $0.77 EPS and FY2026 earnings at $4.23 EPS.

PEG has been the subject of several other reports. Barclays reduced their price target on Public Service Enterprise Group from $98.00 to $88.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. UBS Group upped their price target on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Jefferies Financial Group assumed coverage on Public Service Enterprise Group in a report on Friday, September 13th. They issued a “hold” rating and a $85.00 price objective for the company. Bank of America lifted their target price on shares of Public Service Enterprise Group from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Guggenheim reiterated a “buy” rating on shares of Public Service Enterprise Group in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.17.

Public Service Enterprise Group Price Performance

PEG opened at $86.05 on Monday. 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 $42.87 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 3.18 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $89.13 and a 200-day moving average price of $82.55.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. Public Service Enterprise Group’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of institutional investors and hedge funds have recently bought and sold shares of PEG. Ashton Thomas Securities LLC purchased a new stake in Public Service Enterprise Group during the 3rd quarter valued at approximately $35,000. Family Firm Inc. bought a new stake in Public Service Enterprise Group during the second quarter worth approximately $33,000. Northwest Investment Counselors LLC purchased a new stake in Public Service Enterprise Group during the 3rd quarter valued at $48,000. Legacy Investment Solutions LLC purchased a new stake in shares of Public Service Enterprise Group in the third quarter valued at $59,000. Finally, Rothschild Investment LLC purchased a new position in shares of Public Service Enterprise Group during the second quarter valued at approximately $58,000. 73.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, EVP Tamara Louise Linde sold 9,564 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $90.61, for a total transaction of $866,594.04. Following the completion of the sale, the executive vice president now directly owns 48,397 shares of the company’s stock, valued at approximately $4,385,252.17. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $90.20, for a total value of $124,295.60. Following the completion of the transaction, the chief executive officer now directly owns 147,514 shares in the company, valued at approximately $13,305,762.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,798 shares of company stock worth $1,595,921. Company insiders own 0.57% of the company’s stock.

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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, December 10th. Public Service Enterprise Group’s dividend payout ratio is currently 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.