Zacks Research Brokers Increase Earnings Estimates for Public Service Enterprise Group Incorporated (NYSE:PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) – Investment analysts at Zacks Research upped their FY2025 earnings per share estimates for shares of Public Service Enterprise Group in a research note issued on Tuesday, March 26th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $3.93 for the year, up from their previous estimate of $3.90. 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 Q4 2025 earnings at $0.69 EPS.

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, beating analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Public Service Enterprise Group had a return on equity of 11.53% and a net margin of 22.81%. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS.

Several other equities analysts also recently weighed in on the company. Bank of America lifted their target price on Public Service Enterprise Group from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Barclays boosted their price objective on Public Service Enterprise Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Guggenheim cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Monday, January 22nd. BMO Capital Markets cut their target price on Public Service Enterprise Group from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on Public Service Enterprise Group from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.38.

Public Service Enterprise Group Stock Up 1.7 %

Shares of NYSE:PEG opened at $66.65 on Thursday. The stock has a market capitalization of $33.23 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 2.86 and a beta of 0.57. The stock has a fifty day simple moving average of $60.99 and a two-hundred day simple moving average of $61.12. Public Service Enterprise Group has a 12-month low of $53.71 and a 12-month high of $66.65. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 1.15.

Institutional Investors Weigh In On Public Service Enterprise Group

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Public Service Enterprise Group by 13.0% during the third quarter. Vanguard Group Inc. now owns 61,673,935 shares of the utilities provider’s stock worth $3,509,864,000 after acquiring an additional 7,103,657 shares during the last quarter. Norges Bank purchased a new stake in Public Service Enterprise Group during the 4th quarter worth $215,074,000. T. Rowe Price Investment Management Inc. increased its position in shares of Public Service Enterprise Group by 259.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,504,200 shares of the utilities provider’s stock worth $275,973,000 after purchasing an additional 3,252,500 shares during the last quarter. Royal Bank of Canada grew its position in shares of Public Service Enterprise Group by 159.2% during the 4th quarter. Royal Bank of Canada now owns 2,497,907 shares of the utilities provider’s stock valued at $152,747,000 after buying an additional 1,534,228 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Public Service Enterprise Group by 196.2% during the 1st quarter. Prudential Financial Inc. now owns 1,892,166 shares of the utilities provider’s stock valued at $132,451,000 after buying an additional 1,253,283 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insider Activity at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,374 shares of Public Service Enterprise Group stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.00, for a total transaction of $86,562.00. Following the sale, the chief executive officer now owns 153,721 shares of the company’s stock, valued at approximately $9,684,423. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $86,562.00. Following the sale, the chief executive officer now owns 153,721 shares of the company’s stock, valued at $9,684,423. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $64.18, for a total value of $308,064.00. Following the completion of the sale, the senior vice president now directly owns 31,122 shares in the company, valued at approximately $1,997,409.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,574 shares of company stock valued at $419,108. 0.57% of the stock is owned by corporate insiders.

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 paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a yield of 3.60%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 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.