Public Service Enterprise Group (NYSE:PEG) Releases FY 2026 Earnings Guidance

Public Service Enterprise Group (NYSE:PEG) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.280-4.400 for the period, compared to the consensus earnings per share estimate of 4.390. The company issued revenue guidance of -.

Public Service Enterprise Group Stock Up 0.1%

Public Service Enterprise Group stock traded up $0.06 during mid-day trading on Thursday, reaching $86.03. 2,248,244 shares of the company’s stock were exchanged, compared to its average volume of 2,954,836. The company has a fifty day moving average of $81.27 and a 200-day moving average of $81.88. The company has a market cap of $42.94 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.79 and a beta of 0.59. The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 1.27. Public Service Enterprise Group has a twelve month low of $74.67 and a twelve month high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.62% and a net margin of 17.77%.The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Sell-side analysts expect that Public Service Enterprise Group will post 3.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PEG. Jefferies Financial Group raised Public Service Enterprise Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $89.00 to $90.00 in a research report on Thursday, November 6th. UBS Group lowered their price target on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Argus raised shares of Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Monday, December 29th. Finally, Barclays decreased their price target on Public Service Enterprise Group from $87.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.96.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in Public Service Enterprise Group by 10.3% during the first quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock worth $831,000 after buying an additional 940 shares during the period. Woodline Partners LP grew its holdings in shares of Public Service Enterprise Group by 40.7% in the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after acquiring an additional 12,172 shares during the period. Cresset Asset Management LLC increased its stake in Public Service Enterprise Group by 27.6% in the 2nd quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider’s stock valued at $405,000 after purchasing an additional 1,040 shares in the last quarter. Jump Financial LLC raised its holdings in Public Service Enterprise Group by 70.4% during the second quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider’s stock worth $1,070,000 after purchasing an additional 5,250 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Public Service Enterprise Group by 3.0% during the second quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider’s stock worth $4,785,000 after purchasing an additional 1,649 shares in the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.