Seaport Res Ptn Has Bullish Estimate for PEG FY2025 Earnings

Key Points

• Seaport Res Ptn has increased its FY2025 EPS estimate for Public Service Enterprise Group (PEG) from $4.01 to $4.04, indicating a positive outlook for the utilities provider.
• Public Service Enterprise Group reported a quarterly revenue of $3.22 billion, surpassing the consensus estimate of $3.15 billion, along with an EPS of $1.43.
• The company will pay a quarterly dividend of $0.63 on September 30th, representing an annualized dividend of $2.52 and a yield of 2.84%.

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Equities research analysts at Seaport Res Ptn boosted their FY2025 earnings estimates for Public Service Enterprise Group in a research note issued to investors on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $4.04 per share for the year, up from their prior forecast of $4.01. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $3.67 per share. Seaport Res Ptn also issued estimates for Public Service Enterprise Group's FY2026 earnings at $4.51 EPS, FY2027 earnings at $4.86 EPS and FY2028 earnings at $5.40 EPS.

Other research analysts have also recently issued reports about the stock. Barclays dropped 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 report on Thursday, July 10th. Evercore ISI lowered their target price on Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Guggenheim cut 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. BMO Capital Markets increased their price objective on shares of Public Service Enterprise Group from $83.00 to $84.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley cut their target price on shares of Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Public Service Enterprise Group currently has an average rating of "Hold" and a consensus price target of $90.50.

Public Service Enterprise Group Price Performance

Shares of NYSE PEG traded down $0.82 during trading on Wednesday, hitting $88.97. 2,460,263 shares of the company were exchanged, compared to its average volume of 2,284,674. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.82 and a quick ratio of 0.65. Public Service Enterprise Group has a 1 year low of $74.67 and a 1 year high of $95.22. The firm's fifty day moving average price is $82.59 and its 200 day moving average price is $82.23. The company has a market cap of $44.40 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.21 and a beta of 0.45.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.43. Public Service Enterprise Group had a return on equity of 11.80% and a net margin of 17.01%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the business posted $1.31 EPS. The company's revenue for the quarter was up 16.7% on a year-over-year basis.

Public Service Enterprise Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Public Service Enterprise Group's dividend payout ratio is presently 68.85%.

Insider Buying and Selling at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,387 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $83.12, for a total value of $115,287.44. Following the completion of the sale, the chief executive officer directly owned 218,328 shares in the company, valued at approximately $18,147,423.36. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

Institutional investors have recently added to or reduced their stakes in the company. Austin Private Wealth LLC grew its holdings in shares of Public Service Enterprise Group by 8.0% during the 2nd quarter. Austin Private Wealth LLC now owns 3,343 shares of the utilities provider's stock worth $281,000 after purchasing an additional 247 shares during the period. New York Life Investment Management LLC increased its position in shares of Public Service Enterprise Group by 1.4% in the second quarter. New York Life Investment Management LLC now owns 74,521 shares of the utilities provider's stock worth $6,273,000 after acquiring an additional 1,019 shares in the last quarter. Howard Capital Management Inc. raised its stake in shares of Public Service Enterprise Group by 1.0% in the 2nd quarter. Howard Capital Management Inc. now owns 54,612 shares of the utilities provider's stock valued at $4,597,000 after acquiring an additional 545 shares during the period. Advisory Alpha LLC lifted its holdings in shares of Public Service Enterprise Group by 28.1% during the 2nd quarter. Advisory Alpha LLC now owns 6,031 shares of the utilities provider's stock valued at $508,000 after acquiring an additional 1,322 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in Public Service Enterprise Group by 45.1% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 38,382 shares of the utilities provider's stock worth $3,231,000 after purchasing an additional 11,937 shares during the period. 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.