Public Service Enterprise Group (NYSE:PEG) Issues FY 2026 Earnings Guidance

Key Points

• PSEG issued FY 2026 EPS guidance of $4.28–$4.40, broadly in line with analysts’ $4.38 consensus estimate and reaffirming its near-term outlook.
• Third-quarter results were weaker than expected: EPS was $1.15 versus the $1.19 consensus, while revenue fell 6.4% year over year to $3.02 billion, below the $3.19 billion estimate.
• Analysts maintain a consensus “Hold” rating with an $80 price target, while PSEG’s planned $22.5–$25.5 billion five-year regulated capital program could support longer-term rate-base and earnings growth.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.280-4.400 for the period, compared to the consensus estimate of 4.380.

Public Service Enterprise Group Stock Up 0.0%

PEG stock opened at $74.29 on Tuesday. The company has a market cap of $37.03 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 2.48 and a beta of 0.48. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88. The business's 50-day moving average is $71.23 and its two-hundred day moving average is $78.02. Public Service Enterprise Group has a fifty-two week low of $66.15 and a fifty-two week high of $87.63.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.04). Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts forecast that Public Service Enterprise Group will post 4.38 earnings per share for the current year.

Analyst Ratings Changes

PEG has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on shares of Public Service Enterprise Group from $81.00 to $76.00 in a research report on Monday, October 26th. Barclays dropped their price target on shares of Public Service Enterprise Group from $83.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Monday, October 12th. Jefferies Financial Group cut their price objective on shares of Public Service Enterprise Group from $73.00 to $69.00 and set a "hold" rating for the company in a research report on Friday, October 9th. JPMorgan Chase & Co. reduced their price objective on Public Service Enterprise Group from $81.00 to $77.00 and set a "neutral" rating for the company in a research note on Monday, October 19th. Finally, BTIG Research decreased their target price on Public Service Enterprise Group from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Tuesday, October 20th. Eight investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $80.00.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 8,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 20,970 shares in the company, valued at $1,563,523.20. This represents a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.19% of the company's stock.

Key Headlines Impacting Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: Management reaffirmed 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share, reducing concerns about a near-term outlook cut. PSEG Announces Third Quarter 2026 Results
• Positive Sentiment: PSEG’s five-year regulated capital investment plan totals $22.5 billion to $25.5 billion. The spending could expand the utility’s rate base and support longer-term earnings and cash-flow growth, although execution and regulatory approvals remain important. Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Non-GAAP operating earnings rose to $1.15 per share from $1.13 a year earlier, while net income fell to $0.76 per share from $1.24 because of reconciling items. Analysts’ valuation-based outlook was reportedly upgraded despite the uneven results. Public Service Enterprise: Not Great Results, But Better Valuation
• Negative Sentiment: Third-quarter EPS of $1.15 missed consensus estimates ranging from $1.19 to $1.21, and revenue of $3.02 billion fell short of the $3.19 billion estimate. Revenue declined 6.4% year over year, indicating softer quarterly operating performance. PSEG Misses Q3 Earnings and Revenue Estimates

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated NYSE: PEG, commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG's principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.

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