Equities Analysts Set Expectations for PEG Q3 Earnings

Key Points

• KeyCorp raised its Q3 2026 EPS forecast for Public Service Enterprise Group to $1.25, up from $1.14, while projecting $0.70 for Q4 2026 and $4.67 for FY2027. The company’s FY2026 guidance remains $4.28–$4.40 per share.
• In its latest reported quarter, PEG earned $0.86 per share, beating consensus by $0.06, though revenue fell 8.9% year over year to $2.55 billion and missed estimates.
• Analyst sentiment is broadly neutral, with a MarketBeat average rating of “Hold” and an average price target of $89.23. The stock recently traded at $70.53, while PEG maintains a $0.67 quarterly dividend, yielding approximately 3.8% annually.

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Research analysts at KeyCorp boosted their Q3 2026 EPS estimates for Public Service Enterprise Group in a note issued to investors on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $1.25 for the quarter, up from their previous forecast of $1.14. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $4.37 per share. KeyCorp also issued estimates for Public Service Enterprise Group's Q4 2026 earnings at $0.70 EPS, FY2027 earnings at $4.67 EPS and FY2030 earnings at $5.59 EPS.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The firm's revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS.

A number of other analysts also recently commented on PEG. Weiss Ratings downgraded Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Citigroup dropped their target price on Public Service Enterprise Group from $91.00 to $84.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Wall Street Zen upgraded Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 26th. Royal Bank Of Canada began coverage on Public Service Enterprise Group in a research report on Thursday, July 2nd. They set a "sector perform" rating and a $81.00 price target for the company. Finally, Morgan Stanley decreased their price target on Public Service Enterprise Group from $91.00 to $88.00 and set an "overweight" rating for the company in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $89.23.

Public Service Enterprise Group Stock Performance

NYSE PEG opened at $70.53 on Thursday. The stock has a 50-day simple moving average of $71.98 and a two-hundred day simple moving average of $77.01. The firm has a market capitalization of $35.15 billion, a P/E ratio of 17.54, a PEG ratio of 2.65 and a beta of 0.50. Public Service Enterprise Group has a fifty-two week low of $66.15 and a fifty-two week high of $87.63. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88.

Public Service Enterprise Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 9th. Public Service Enterprise Group's dividend payout ratio is presently 66.67%.

Insider Activity

In related news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $67.48, for a total value of $140,560.84. Following the completion of the transaction, the chief executive officer owned 279,490 shares in the company, valued at $18,859,985.20. The trade was a 0.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the transaction, the senior vice president directly owned 20,970 shares of the company's stock, valued at $1,563,523.20. The trade was a 27.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 12,166 shares of company stock worth $896,328. Corporate insiders own 0.19% of the company's stock.

Institutional Trading of Public Service Enterprise Group

Institutional investors have recently bought and sold shares of the business. Eastern Bank lifted its stake in Public Service Enterprise Group by 25.8% during the 3rd quarter. Eastern Bank now owns 5,918 shares of the utilities provider's stock worth $399,000 after acquiring an additional 1,213 shares in the last quarter. QRG Capital Management Inc. grew its position in Public Service Enterprise Group by 8.5% in the 2nd quarter. QRG Capital Management Inc. now owns 32,696 shares of the utilities provider's stock valued at $2,654,000 after acquiring an additional 2,559 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Public Service Enterprise Group by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 670,293 shares of the utilities provider's stock valued at $54,401,000 after acquiring an additional 4,825 shares in the last quarter. State Street Corp increased its stake in Public Service Enterprise Group by 1.4% during the second quarter. State Street Corp now owns 29,481,434 shares of the utilities provider's stock worth $2,392,713,000 after purchasing an additional 399,191 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Public Service Enterprise Group by 20.5% during the second quarter. Sequoia Financial Advisors LLC now owns 34,091 shares of the utilities provider's stock worth $2,767,000 after purchasing an additional 5,796 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated NYSE: PEG is an energy company headquartered in Newark, New Jersey. Founded in 1903, the company operates primarily through its regulated utility subsidiary, Public Service Electric and Gas Company (PSE&G), and its competitive energy businesses.

PSE&G is New Jersey's largest electric and gas utility, providing electricity and natural gas delivery, transmission, distribution, and related customer services to residential, commercial, and industrial customers across the state.

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