Public Service Enterprise Group (NYSE:PEG) Releases FY 2025 Earnings Guidance

Key Points

• Public Service Enterprise Group has revised its FY 2025 earnings per share guidance to between 3.940 and 4.060, lower than the consensus estimate of 4.022.
• The company's quarterly earnings exceeded expectations, with a reported EPS of $0.77, surpassing the consensus estimate of $0.70.
• A dividend of $0.63 per share has been declared, contributing to an annual yield of 2.9%, with the ex-dividend date set for September 9th.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.940-4.060 for the period, compared to the consensus earnings per share estimate of 4.022. The company issued revenue guidance of -.

Analyst Ratings Changes

PEG has been the subject of a number of recent analyst reports. Guggenheim dropped their price target on Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Evercore ISI decreased their price objective on shares of Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. BMO Capital Markets boosted their price objective on shares of Public Service Enterprise Group from $83.00 to $84.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Barclays decreased their target price on shares of Public Service Enterprise Group from $83.00 to $82.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Finally, UBS Group upped their target price on shares of Public Service Enterprise Group from $97.00 to $103.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $90.50.

Public Service Enterprise Group Stock Performance

PEG stock traded down $2.42 during midday trading on Tuesday, hitting $87.72. 1,384,815 shares of the company traded hands, compared to its average volume of 2,881,076. Public Service Enterprise Group has a twelve month low of $74.67 and a twelve month high of $95.22. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 1.25. The business has a 50 day simple moving average of $83.01 and a 200-day simple moving average of $82.20. The stock has a market capitalization of $43.77 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 3.19 and a beta of 0.45.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.49 billion. Public Service Enterprise Group had a net margin of 17.01% and a return on equity of 11.80%. Public Service Enterprise Group's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share. As a group, equities research analysts predict that Public Service Enterprise Group will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 9th. Public Service Enterprise Group's payout ratio is currently 68.85%.

Insider Activity

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,387 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $83.12, for a total transaction of $115,287.44. Following the completion of the sale, the chief executive officer directly owned 218,328 shares of the company's stock, valued at approximately $18,147,423.36. The trade was a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Public Service Enterprise Group

A hedge fund recently raised its stake in Public Service Enterprise Group stock. Empowered Funds LLC boosted its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 10.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,103 shares of the utilities provider's stock after acquiring an additional 940 shares during the period. Empowered Funds LLC's holdings in Public Service Enterprise Group were worth $831,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 73.34% of the company's stock.

About Public Service Enterprise Group

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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