KeyCorp Has Positive Estimate for PEG FY2026 Earnings

Key Points

• KeyCorp raised its FY2026 EPS estimate for Public Service Enterprise Group to $4.37 from $4.35, slightly above the $4.36 consensus. It also projected EPS of $4.94 for FY2028 and $5.25 for FY2029.
• PEG’s latest quarterly earnings came in at $0.86 per share, beating estimates of $0.80, although revenue of $2.55 billion missed expectations and declined 8.9% year over year. The company’s FY2026 guidance is $4.28–$4.40 EPS.
• Analysts have a consensus “Hold” rating and an average price target of $89.23, while the stock recently traded near $70.41. PEG also offers a quarterly dividend of $0.67, equivalent to a 3.8% annual yield.

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Investment analysts at KeyCorp upped their FY2026 EPS estimates for shares of Public Service Enterprise Group in a note issued to investors on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $4.37 per share for the year, up from their previous estimate of $4.35. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $4.36 per share. KeyCorp also issued estimates for Public Service Enterprise Group's FY2028 earnings at $4.94 EPS and FY2029 earnings at $5.25 EPS.

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

Several other equities research analysts also recently issued reports on PEG. Wells Fargo & Company reduced their price objective on Public Service Enterprise Group from $91.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, August 5th. Wall Street Zen raised Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 26th. Jefferies Financial Group lowered their target price on Public Service Enterprise Group from $89.00 to $78.00 and set a "hold" rating on the stock in a research note on Monday, July 20th. Truist Financial dropped their target price on Public Service Enterprise Group from $90.00 to $84.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Finally, Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They issued a "sector perform" rating and a $81.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $89.23.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $70.41 on Wednesday. Public Service Enterprise Group has a 1-year low of $66.15 and a 1-year high of $87.63. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $35.10 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 2.66 and a beta of 0.50. The stock's fifty day simple moving average is $72.08 and its 200-day simple moving average is $77.08.

Hedge Funds Weigh In On Public Service Enterprise Group

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth $4,366,570,000. Bank of America Corp DE acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at $1,207,400,000. Legal & General Group Plc acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at $554,994,000. Bank of New York Mellon Corp bought a new position in Public Service Enterprise Group in the 2nd quarter worth $221,632,000. Finally, Amundi raised its holdings in Public Service Enterprise Group by 71.6% in the 2nd quarter. Amundi now owns 3,962,317 shares of the utilities provider's stock worth $321,580,000 after acquiring an additional 1,653,832 shares during the period. Institutional investors and hedge funds own 73.34% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $67.48, for a total transaction of $140,560.84. Following the completion of the sale, the chief executive officer owned 279,490 shares of the company's stock, valued at approximately $18,859,985.20. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Public Service Enterprise Group stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the senior vice president directly owned 20,970 shares of the company's stock, valued at approximately $1,563,523.20. The trade was a 27.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,166 shares of company stock worth $896,328 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

Public Service Enterprise Group Announces Dividend

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

Public Service Enterprise Group Company Profile

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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