Public Service Enterprise Group (NYSE:PEG) Issues FY 2025 Earnings Guidance

Public Service Enterprise Group (NYSE:PEG) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 4.000-4.060 for the period, compared to the consensus EPS estimate of 4.020. The company issued revenue guidance of -.

Public Service Enterprise Group Price Performance

Shares of PEG opened at $80.02 on Monday. Public Service Enterprise Group has a 12-month low of $74.67 and a 12-month high of $95.22. The business has a 50-day simple moving average of $82.12 and a two-hundred day simple moving average of $82.36. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock has a market cap of $39.94 billion, a PE ratio of 20.19, a PEG ratio of 2.46 and a beta of 0.53.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Monday, November 3rd. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.11. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. Analysts anticipate that Public Service Enterprise Group will post 3.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PEG shares. UBS Group increased their price target on Public Service Enterprise Group from $97.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Wells Fargo & Company initiated coverage on Public Service Enterprise Group in a research report on Tuesday, October 28th. They set an “equal weight” rating and a $88.00 target price on the stock. Evercore ISI assumed coverage on Public Service Enterprise Group in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $83.00 price objective for the company. BMO Capital Markets decreased their price target on Public Service Enterprise Group from $89.00 to $85.00 and set a “market perform” rating for the company in a research report on Monday, October 20th. Finally, TD Cowen assumed coverage on Public Service Enterprise Group in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

Institutional Investors Weigh In On Public Service Enterprise Group

Large investors have recently added to or reduced their stakes in the business. Chapman Financial Group LLC bought a new stake in Public Service Enterprise Group during the second quarter valued at $25,000. MUFG Securities EMEA plc bought a new stake in Public Service Enterprise Group during the second quarter worth about $124,000. Boothbay Fund Management LLC bought a new stake in Public Service Enterprise Group during the second quarter worth about $212,000. Keel Point LLC bought a new stake in Public Service Enterprise Group during the second quarter worth about $226,000. Finally, Benjamin Edwards Inc. lifted its stake in Public Service Enterprise Group by 4.3% during the second quarter. Benjamin Edwards Inc. now owns 3,231 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

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.