What is Seaport Res Ptn's Forecast for PEG FY2025 Earnings?

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Analysts at Seaport Res Ptn raised their FY2025 EPS estimates for Public Service Enterprise Group in a research note issued on Tuesday, June 3rd. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $4.00 for the year, up from their prior estimate of $3.99. 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 $4.44 EPS, FY2027 earnings at $4.87 EPS and FY2028 earnings at $5.35 EPS.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $1.43 EPS for the quarter, meeting analysts' consensus estimates of $1.43. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.15 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The firm's revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 EPS.

Several other research analysts also recently weighed in on PEG. Barclays lowered their price objective on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. LADENBURG THALM/SH SH lowered shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 target price on the stock. in a report on Wednesday, March 19th. Morgan Stanley cut their price target on Public Service Enterprise Group from $102.00 to $101.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen lowered Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company lowered their price objective on Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $89.63.

Public Service Enterprise Group Stock Up 0.5%

Shares of PEG traded up $0.36 during trading hours on Thursday, reaching $80.19. The stock had a trading volume of 2,017,426 shares, compared to its average volume of 2,782,876. Public Service Enterprise Group has a 12 month low of $71.89 and a 12 month high of $95.22. The firm has a 50-day simple moving average of $80.26 and a 200 day simple moving average of $83.48. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $40.01 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.78 and a beta of 0.48.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, June 9th. Public Service Enterprise Group's dividend payout ratio is presently 68.85%.

Insider Buying and Selling

In related news, CEO Ralph A. Larossa sold 1,378 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $79.26, for a total value of $109,220.28. Following the sale, the chief executive officer now directly owns 221,093 shares in the company, valued at approximately $17,523,831.18. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio purchased a new stake in shares of Public Service Enterprise Group in the first quarter worth about $2,361,000. Jacobi Capital Management LLC grew its position in shares of Public Service Enterprise Group by 4.8% during the 1st quarter. Jacobi Capital Management LLC now owns 21,187 shares of the utilities provider's stock valued at $1,744,000 after purchasing an additional 977 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Public Service Enterprise Group by 6.5% in the first quarter. Geneos Wealth Management Inc. now owns 4,378 shares of the utilities provider's stock worth $360,000 after purchasing an additional 267 shares during the period. Intech Investment Management LLC raised its position in shares of Public Service Enterprise Group by 69.6% in the first quarter. Intech Investment Management LLC now owns 23,301 shares of the utilities provider's stock worth $1,918,000 after buying an additional 9,563 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in Public Service Enterprise Group by 6.4% during the first quarter. Focus Partners Wealth now owns 34,312 shares of the utilities provider's stock valued at $2,824,000 after buying an additional 2,075 shares during the period. 73.34% of the stock is owned by institutional investors.

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.