Zacks Research Brokers Reduce Earnings Estimates for PEG

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Equities research analysts at Zacks Research lowered their Q1 2026 earnings per share (EPS) estimates for Public Service Enterprise Group in a report released on Wednesday, May 21st. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $1.53 for the quarter, down from their previous forecast 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 topic of several other reports. Morgan Stanley lowered their price target 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 downgraded 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. Evercore ISI decreased their target price on Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Bank of America reduced their price target on Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Wells Fargo & Company decreased their target price on shares of 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. 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 stock. According to MarketBeat.com, Public Service Enterprise Group presently has an average rating of "Hold" and an average price target of $89.63.

Public Service Enterprise Group Stock Up 0.8%

Shares of Public Service Enterprise Group stock traded up $0.64 on Friday, hitting $79.60. The company had a trading volume of 2,953,104 shares, compared to its average volume of 2,750,584. The stock has a 50-day moving average of $80.55 and a 200-day moving average of $83.84. Public Service Enterprise Group has a twelve month low of $71.89 and a twelve month high of $95.22. The firm has a market capitalization of $39.72 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.78 and a beta of 0.48. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its 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. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company earned $1.31 EPS. The company's revenue for the quarter was up 16.7% compared to the same quarter last year.

Hedge Funds Weigh In On Public Service Enterprise Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Public Service Enterprise Group in the 4th quarter worth approximately $445,005,000. Raymond James Financial Inc. purchased a new stake in Public Service Enterprise Group in the 4th quarter worth $376,209,000. Vanguard Group Inc. boosted its stake in Public Service Enterprise Group by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 63,761,676 shares of the utilities provider's stock worth $5,247,586,000 after purchasing an additional 2,986,646 shares during the period. Jennison Associates LLC grew its position in shares of Public Service Enterprise Group by 125.3% during the fourth quarter. Jennison Associates LLC now owns 3,384,803 shares of the utilities provider's stock valued at $285,982,000 after purchasing an additional 1,882,667 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Public Service Enterprise Group by 604.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,004,100 shares of the utilities provider's stock valued at $169,404,000 after purchasing an additional 1,719,614 shares in the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $79.26, for a total transaction of $109,220.28. Following the sale, the chief executive officer now owns 221,093 shares of the company's stock, valued at $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 available through this link. 0.19% of the stock is currently owned by corporate insiders.

Public Service Enterprise Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued a $0.63 dividend. The ex-dividend date is Monday, June 9th. This represents a $2.52 annualized dividend and a dividend yield of 3.17%. Public Service Enterprise Group's dividend payout ratio is currently 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.