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 Tuesday morning. The company provided earnings per share (EPS) guidance of 4.280-4.400 for the period, compared to the consensus estimate of 4.380.

Public Service Enterprise Group Stock Performance

NYSE:PEG traded down $0.78 on Tuesday, hitting $73.60. The stock had a trading volume of 359,792 shares, compared to its average volume of 3,069,762. The stock has a market cap of $36.68 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.48 and a beta of 0.48. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31. The business’s 50-day simple moving average is $71.23 and its two-hundred day simple moving average is $78.02. Public Service Enterprise Group has a 52-week low of $66.15 and a 52-week high of $87.63.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Monday, November 2nd. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts predict that Public Service Enterprise Group will post 4.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PEG shares. The Goldman Sachs Group cut their target price on shares of Public Service Enterprise Group from $86.00 to $83.00 in a research report on Thursday, October 15th. Barclays decreased their price target on shares of Public Service Enterprise Group from $83.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. Scotiabank dropped their price target on shares of Public Service Enterprise Group from $92.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 30th. BMO Capital Markets cut their price objective on shares of Public Service Enterprise Group from $79.00 to $77.00 and set a “market perform” rating for the company in a research report on Thursday, October 22nd. Finally, BTIG Research cut their price objective on shares of Public Service Enterprise Group from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Eight investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $79.89.

Insider Activity

In other news, CEO Ralph LaRossa sold 2,083 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $67.48, for a total value of $140,560.84. Following the completion of the sale, the chief executive officer owned 279,490 shares of the company’s stock, valued at approximately $18,859,985.20. This represents a 0.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard Thigpen sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the senior vice president owned 20,970 shares in the company, valued at approximately $1,563,523.20. This represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.19% of the company’s stock.

Trending Headlines about Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: Management reaffirmed full-year 2026 non-GAAP operating earnings guidance of $4.28-$4.40 per share. Although the midpoint of $4.34 is below the $4.38 consensus estimate, maintaining the outlook limits the risk of a larger forecast reduction. PSEG Announces Third Quarter 2026 Results
• Positive Sentiment: PSEG highlighted a substantial five-year regulated capital investment plan totaling $22.5 billion to $25.5 billion. Planned spending could support regulated rate-base growth and provide a foundation for longer-term earnings and cash-flow expansion. Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Third-quarter non-GAAP operating earnings increased modestly to $1.15 per share from $1.13 a year earlier, suggesting underlying operations remained relatively stable despite weaker reported revenue. An analyst commentary piece also pointed to improved valuation as a reason for a more favorable rating. Public Service Enterprise: Not Great Results, But Better Valuation
• Negative Sentiment: PSEG reported quarterly revenue of $3.02 billion, below the $3.19 billion consensus estimate and down 6.4% year over year. Non-GAAP EPS of $1.15 also missed estimates ranging from $1.19 to $1.21, creating a near-term earnings disappointment. PSEG Misses Q3 Earnings and Revenue Estimates
• Negative Sentiment: GAAP net income declined to $376 million, or $0.76 per share, from $622 million, or $1.24 per share, in the prior-year quarter. The decline and the lower end of the 2026 guidance range may reinforce concerns about near-term operating momentum. Public Service Enterprise Group Profit Retreats in Q3

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.