FY2026 Earnings Forecast for PEG Issued By KeyCorp

Key Points

• KeyCorp has issued an earnings per share (EPS) forecast of $4.33 for Public Service Enterprise Group (PEG) for FY2026, higher than the current consensus estimate of $3.67 per share.
• The stock currently has a Moderate Buy rating with a consensus price target of $91.14, following multiple analyst ratings ranging from "Strong Buy" to "Hold."
• PEG's recent quarterly earnings showed an EPS of $0.77, exceeding analyst estimates by 7 cents, with a revenue increase of 15.8% year-over-year.

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Investment analysts at KeyCorp issued their FY2026 earnings per share (EPS) estimates for Public Service Enterprise Group in a research note issued on Wednesday, October 15th. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings per share of $4.33 for the year. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $3.67 per share. KeyCorp also issued estimates for Public Service Enterprise Group's FY2027 earnings at $4.60 EPS and FY2028 earnings at $4.87 EPS.

A number of other analysts also recently issued reports on the company. Wall Street Zen upgraded Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 6th. TD Cowen started coverage on Public Service Enterprise Group in a research report on Thursday. They issued a "buy" rating and a $93.00 price target for the company. Evercore ISI assumed coverage on Public Service Enterprise Group in a research report on Tuesday, October 7th. They issued an "in-line" rating and a $83.00 price target for the company. Morgan Stanley decreased their target price on Public Service Enterprise Group from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Finally, Barclays decreased their target price on Public Service Enterprise Group from $83.00 to $82.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.14.

Public Service Enterprise Group Stock Up 0.5%

Shares of PEG opened at $84.77 on Monday. The company has a market cap of $42.30 billion, a PE ratio of 21.41, a P/E/G ratio of 2.60 and a beta of 0.53. The business has a fifty day moving average of $82.74 and a 200 day moving average of $82.23. Public Service Enterprise Group has a 52-week low of $74.67 and a 52-week high of $95.22. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 1.30.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.07. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.49 billion. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.Public Service Enterprise Group's revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS.

Hedge Funds Weigh In On Public Service Enterprise Group

Several institutional investors have recently made changes to their positions in PEG. GAMMA Investing LLC increased its stake in shares of Public Service Enterprise Group by 4.1% during the first quarter. GAMMA Investing LLC now owns 7,131 shares of the utilities provider's stock valued at $587,000 after buying an additional 279 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Public Service Enterprise Group by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 90,126 shares of the utilities provider's stock valued at $7,417,000 after buying an additional 3,601 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Public Service Enterprise Group by 12.7% during the first quarter. Exchange Traded Concepts LLC now owns 3,977 shares of the utilities provider's stock valued at $327,000 after buying an additional 447 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Public Service Enterprise Group by 1.2% during the first quarter. Janney Montgomery Scott LLC now owns 67,393 shares of the utilities provider's stock valued at $5,546,000 after buying an additional 783 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in shares of Public Service Enterprise Group during the first quarter valued at $298,000. Hedge funds and other institutional investors 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.

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