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

Key Points

• Public Service Enterprise Group issued FY2026 EPS guidance of 4.28–4.40, essentially in line with the Street consensus of about 4.37 (analysts' average ~4.36).
• The company reported quarterly EPS of $1.55, beating estimates by $0.08, with revenue rising 19.4% year-over-year.
• Management declared a quarterly dividend of $0.67 (annualized $2.68) for a yield of ~3.3%, with an ex-dividend date of June 9 and payment on June 30.

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 (EPS) guidance of 4.280-4.400 for the period, compared to the consensus estimate of 4.370. The company issued revenue guidance of -.

Public Service Enterprise Group Stock Up 0.4%

PEG stock opened at $80.48 on Tuesday. Public Service Enterprise Group has a 12-month low of $76.00 and a 12-month high of $91.25. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28. The company has a market cap of $40.14 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 3.02 and a beta of 0.53. The company has a 50 day moving average of $82.36 and a two-hundred day moving average of $81.69.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.08. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. During the same period in the prior year, the business posted $1.43 earnings per share. The company's revenue was up 19.4% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts anticipate that Public Service Enterprise Group will post 4.36 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.67 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. Public Service Enterprise Group's dividend payout ratio is presently 63.51%.

Analysts Set New Price Targets

PEG has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Public Service Enterprise Group in a research report on Friday, March 27th. Wells Fargo & Company lifted their price objective on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, March 12th. Barclays increased their target price on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 5th. Finally, Truist Financial started coverage on shares of Public Service Enterprise Group in a research report on Tuesday, April 21st. They set a "hold" rating and a $91.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Public Service Enterprise Group presently has an average rating of "Moderate Buy" and a consensus price target of $93.19.

Insider Buying and Selling at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total value of $169,222.92. Following the transaction, the chief executive officer owned 291,398 shares in the company, valued at $23,673,173.52. This trade represents a 0.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the transaction, the senior vice president directly owned 28,481 shares of the company's stock, valued at $2,363,923. This represents a 14.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,866 shares of company stock worth $733,587 in the last quarter. Insiders own 0.19% of the company's stock.

Institutional Trading of Public Service Enterprise Group

Several institutional investors have recently bought and sold shares of the stock. Boothbay Fund Management LLC bought a new stake in shares of Public Service Enterprise Group in the 2nd quarter worth about $212,000. Caxton Associates LLP bought a new position in Public Service Enterprise Group during the 3rd quarter valued at about $210,000. Advyzon Investment Management LLC bought a new position in Public Service Enterprise Group during the 4th quarter valued at about $207,000. Virtue Capital Management LLC acquired a new position in Public Service Enterprise Group in the fourth quarter valued at about $206,000. Finally, Larson Financial Group LLC grew its stake in Public Service Enterprise Group by 30.8% during the third quarter. Larson Financial Group LLC now owns 2,014 shares of the utilities provider's stock worth $168,000 after buying an additional 474 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group NYSE: PEG is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company's activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.

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