Seaport Res Ptn Has Positive Outlook of PEG FY2027 Earnings

Key Points

• Seaport Res Ptn has raised its FY2027 earnings estimate for Public Service Enterprise Group (PEG) to $4.88 per share, an increase from their previous forecast of $4.87.
• PEG reported a quarterly earnings per share (EPS) of $0.77, exceeding analyst expectations of $0.70, with revenue of $2.81 billion compared to estimates of $2.49 billion.
• The company also declared a quarterly dividend of $0.63, reflecting a 3.1% dividend yield and a payout ratio of 63.64%.

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Equities researchers at Seaport Res Ptn upped their FY2027 earnings estimates for Public Service Enterprise Group in a report issued on Wednesday, October 8th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings per share of $4.88 for the year, up from their prior forecast of $4.87. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $3.67 per share.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.07. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.49 billion. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.Public Service Enterprise Group's revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS.

Other research analysts also recently issued research reports about the company. BMO Capital Markets boosted their target price on Public Service Enterprise Group from $84.00 to $89.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Public Service Enterprise Group in a research note on Wednesday. Wall Street Zen raised shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 6th. Morgan Stanley decreased their target price on shares of Public Service Enterprise Group from $105.00 to $103.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Finally, UBS Group upped their price objective on shares of Public Service Enterprise Group from $97.00 to $103.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.95.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $81.83 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. Public Service Enterprise Group has a 1-year low of $74.67 and a 1-year high of $95.22. The stock's fifty day simple moving average is $83.50 and its 200-day simple moving average is $82.19. The company has a market capitalization of $40.84 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 2.80 and a beta of 0.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new position in Public Service Enterprise Group in the second quarter worth $25,000. Chapman Financial Group LLC bought a new position in shares of Public Service Enterprise Group during the 2nd quarter worth about $25,000. Keener Financial Planning LLC bought a new position in Public Service Enterprise Group during the second quarter worth about $27,000. GoalVest Advisory LLC lifted its stake in Public Service Enterprise Group by 166.7% during the second quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider's stock worth $30,000 after purchasing an additional 225 shares during the period. Finally, Headlands Technologies LLC bought a new position in Public Service Enterprise Group during the first quarter worth about $32,000. 73.34% of the stock is owned by institutional investors.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were given a $0.63 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.1%. Public Service Enterprise Group's dividend payout ratio (DPR) is currently 63.64%.

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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