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

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.

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

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.