Zacks Research Issues Pessimistic Forecast for PEG Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Analysts at Zacks Research decreased their Q2 2025 earnings per share estimates for Public Service Enterprise Group in a research report issued on Wednesday, May 21st. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $0.75 for the quarter, down from their prior forecast of $0.77. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $3.67 per share. Zacks Research also issued estimates for Public Service Enterprise Group's Q3 2025 earnings at $1.02 EPS, Q4 2025 earnings at $0.78 EPS, FY2025 earnings at $3.97 EPS, Q2 2026 earnings at $0.88 EPS, Q1 2027 earnings at $1.49 EPS and FY2027 earnings at $4.54 EPS.

PEG has been the topic of a number of other reports. Evercore ISI decreased their price target 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. Morgan Stanley reduced their price target on Public Service Enterprise Group from $102.00 to $101.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Guggenheim decreased their price objective on shares of Public Service Enterprise Group from $98.00 to $94.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company cut their price target on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Finally, Barclays dropped their target price on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $89.63.

Public Service Enterprise Group Stock Up 0.6%

Shares of Public Service Enterprise Group stock traded up $0.50 during midday trading on Thursday, hitting $79.46. The company had a trading volume of 915,455 shares, compared to its average volume of 2,742,601. The company has a 50 day moving average of $80.55 and a 200 day moving average of $83.84. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. Public Service Enterprise Group has a 52-week low of $71.89 and a 52-week high of $95.22. The stock has a market capitalization of $39.65 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.78 and a beta of 0.48.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. The firm 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 company's revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share.

Public Service Enterprise Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Monday, June 9th. Public Service Enterprise Group's dividend payout ratio is presently 68.85%.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 1,378 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $79.26, for a total transaction of $109,220.28. Following the completion of the sale, the chief executive officer now directly owns 221,093 shares of the company's stock, valued at $17,523,831.18. This trade represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company's stock.

Institutional Trading of Public Service Enterprise Group

Several hedge funds and other institutional investors have recently bought and sold shares of PEG. Transce3nd LLC bought a new stake in Public Service Enterprise Group in the 4th quarter worth about $25,000. Chapman Financial Group LLC purchased a new stake in shares of Public Service Enterprise Group during the 4th quarter worth approximately $25,000. REAP Financial Group LLC raised its holdings in shares of Public Service Enterprise Group by 105.9% during the 4th quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock worth $27,000 after acquiring an additional 162 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Public Service Enterprise Group during the 1st quarter valued at approximately $32,000. Finally, Wealth Preservation Advisors LLC bought a new position in Public Service Enterprise Group in the 1st quarter valued at $33,000. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Company Profile

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.