FY2026 Earnings Estimate for Public Service Enterprise Group Incorporated (NYSE:PEG) Issued By Zacks Research

Public Service Enterprise Group Incorporated (NYSE:PEG) – Investment analysts at Zacks Research lifted their FY2026 earnings per share (EPS) estimates for shares of Public Service Enterprise Group in a note issued to investors on Tuesday, March 26th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $4.24 per share for the year, up from their previous forecast of $4.19. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Monday, February 26th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. Public Service Enterprise Group had a return on equity of 11.53% and a net margin of 22.81%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the firm posted $0.64 EPS. Public Service Enterprise Group’s revenue for the quarter was down 17.0% on a year-over-year basis.

PEG has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price target on Public Service Enterprise Group from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, December 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 price target (up from $61.00) on shares of Public Service Enterprise Group in a report on Monday. Bank of America lifted their price target on Public Service Enterprise Group from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Wells Fargo & Company lifted their price target on Public Service Enterprise Group from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Royal Bank of Canada lifted their price target on Public Service Enterprise Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.38.

Public Service Enterprise Group Trading Up 0.2 %

PEG opened at $66.78 on Wednesday. Public Service Enterprise Group has a 12 month low of $53.71 and a 12 month high of $67.02. The stock has a market capitalization of $33.30 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 2.86 and a beta of 0.57. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.67 and a quick ratio of 0.46. The business has a fifty day moving average price of $61.14 and a 200 day moving average price of $61.16.

Institutional Investors Weigh In On Public Service Enterprise Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Union Savings Bank purchased a new stake in Public Service Enterprise Group in the 2nd quarter valued at approximately $28,000. Operose Advisors LLC lifted its stake in Public Service Enterprise Group by 435.0% in the 3rd quarter. Operose Advisors LLC now owns 535 shares of the utilities provider’s stock valued at $30,000 after buying an additional 435 shares in the last quarter. Addison Advisors LLC purchased a new stake in Public Service Enterprise Group in the 4th quarter valued at approximately $31,000. ICA Group Wealth Management LLC purchased a new stake in Public Service Enterprise Group in the 4th quarter valued at approximately $31,000. Finally, Clear Street Markets LLC purchased a new stake in Public Service Enterprise Group in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Insider Activity at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,374 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.00, for a total value of $86,562.00. Following the transaction, the chief executive officer now owns 153,721 shares in the company, valued at approximately $9,684,423. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,374 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.00, for a total transaction of $86,562.00. Following the transaction, the chief executive officer now owns 153,721 shares in the company, valued at approximately $9,684,423. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard T. Thigpen sold 4,800 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $64.18, for a total value of $308,064.00. Following the transaction, the senior vice president now owns 31,122 shares in the company, valued at approximately $1,997,409.96. The disclosure for this sale can be found here. Insiders have sold 6,574 shares of company stock worth $419,108 in the last quarter. Company insiders own 0.57% of the company’s stock.

Public Service Enterprise Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.57. Public Service Enterprise Group’s payout ratio is 46.78%.

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.