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What is Zacks Research's Estimate for PEG Q1 Earnings?

Public Service Enterprise Group logo with Utilities background

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Analysts at Zacks Research lowered their Q1 2026 earnings per share (EPS) estimates for shares of Public Service Enterprise Group in a note issued to investors on Wednesday, May 21st. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $1.53 per share for the quarter, down from their prior estimate of $1.68. 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 2026 earnings at $0.89 EPS and FY2026 earnings at $4.23 EPS.

PEG has been the subject of a number of other research reports. Wells Fargo & Company reduced 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 report on Wednesday, February 26th. Wall Street Zen lowered shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Morgan Stanley lowered their price objective on shares of Public Service Enterprise Group from $102.00 to $101.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. 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 for the company. in a research report on Wednesday, March 19th. Finally, Evercore ISI reduced their target price on shares of Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Public Service Enterprise Group currently has a consensus rating of "Hold" and an average target price of $89.63.

Check Out Our Latest Stock Analysis on PEG

Public Service Enterprise Group Stock Performance

Shares of NYSE PEG traded down $1.54 during midday trading on Friday, hitting $78.06. 757,310 shares of the stock traded hands, compared to its average volume of 2,742,799. The firm has a market capitalization of $38.95 billion, a P/E ratio of 19.18, a PEG ratio of 2.78 and a beta of 0.48. Public Service Enterprise Group has a one year low of $71.89 and a one year high of $95.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. The firm has a 50-day moving average of $80.48 and a two-hundred day moving average of $83.81.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. The firm had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $3.15 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 earnings per share.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of hedge funds have recently made changes to their positions in PEG. Transce3nd LLC purchased a new position in Public Service Enterprise Group in the 4th quarter worth approximately $25,000. Chapman Financial Group LLC bought a new stake in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $25,000. REAP Financial Group LLC lifted its holdings in shares of Public Service Enterprise Group by 105.9% in the fourth quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock worth $27,000 after buying an additional 162 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Public Service Enterprise Group during the first quarter worth $32,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Public Service Enterprise Group during the first quarter valued at $33,000. Institutional investors own 73.34% of the company's stock.

Insider Activity

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

Public Service Enterprise Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 9th. This represents a $2.52 annualized dividend and a dividend yield of 3.23%. Public Service Enterprise Group's payout ratio is 68.85%.

Public Service Enterprise Group Company Profile

(Get Free Report)

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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Earnings History and Estimates for Public Service Enterprise Group (NYSE:PEG)

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