Public Service Enterprise Group (NYSE:PEG) Releases Earnings Results, Beats Estimates By $0.08 EPS

Key Points

• Q1 beat: PEG reported $1.55 EPS, beating estimates by $0.08 and revenue of $3.85B (vs. $3.35B est.), with revenue up 19.4% year-over-year and FY2026 guidance raised to 4.280–4.400 EPS.
• Dividend announced: A $0.67 quarterly dividend (ex-dividend and record date June 9; pay date June 30) implies a $2.68 annualized payout and a ~3.3% yield with a 63.5% payout ratio.
• Insiders sold shares this quarter (including CEO and SVP) leaving insiders with 0.19% ownership while institutions hold 73.34%; analysts are mixed but the consensus is a “Moderate Buy” with a $93.19 target.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) released its quarterly earnings data on Tuesday. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.08, Briefing.com reports. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the business earned $1.43 EPS. Public Service Enterprise Group's revenue for the quarter was up 19.4% compared to the same quarter last year. Public Service Enterprise Group updated its FY 2026 guidance to 4.280-4.400 EPS.

Public Service Enterprise Group Stock Performance

NYSE PEG opened at $80.77 on Tuesday. 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 capitalization of $40.28 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.02 and a beta of 0.53. Public Service Enterprise Group has a 12-month low of $76.00 and a 12-month high of $91.25. The firm has a 50-day moving average price of $82.36 and a two-hundred day moving average price of $81.69.

Public Service Enterprise Group Dividend Announcement

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

Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total transaction 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 transaction was disclosed in a legal filing 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 4,700 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the sale, the senior vice president owned 28,481 shares of the company's stock, valued at approximately $2,363,923. The trade was a 14.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,866 shares of company stock valued at $733,587. 0.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PEG. State Street Corp grew its stake in Public Service Enterprise Group by 2.8% during the fourth quarter. State Street Corp now owns 28,361,198 shares of the utilities provider's stock worth $2,277,404,000 after buying an additional 762,591 shares in the last quarter. Bank of America Corp DE raised its position in shares of Public Service Enterprise Group by 24.7% in the 2nd quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider's stock valued at $1,476,230,000 after buying an additional 3,469,886 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Public Service Enterprise Group by 9.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider's stock worth $674,218,000 after acquiring an additional 715,051 shares during the period. Invesco Ltd. boosted its position in shares of Public Service Enterprise Group by 2.2% during the 4th quarter. Invesco Ltd. now owns 6,239,884 shares of the utilities provider's stock worth $501,063,000 after acquiring an additional 131,641 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Public Service Enterprise Group by 0.4% in the fourth quarter. Northern Trust Corp now owns 4,950,122 shares of the utilities provider's stock valued at $397,495,000 after acquiring an additional 17,691 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PEG shares. Jefferies Financial Group downgraded Public Service Enterprise Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $90.00 to $89.00 in a research report on Wednesday, April 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Public Service Enterprise Group in a research note on Friday, March 27th. Truist Financial assumed coverage on Public Service Enterprise Group in a report on Tuesday, April 21st. They set a "hold" rating and a $91.00 target price on the stock. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a "buy" rating to a "neutral" rating and dropped their price target for the company from $87.50 to $84.50 in a research note on Friday, March 13th. Finally, BMO Capital Markets raised their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a "market perform" rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.19.

About Public Service Enterprise Group

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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