What is Scotiabank’s Estimate for PEG FY2026 Earnings?

Public Service Enterprise Group Incorporated (NYSE:PEG) – Investment analysts at Scotiabank issued their FY2026 earnings estimates for shares of Public Service Enterprise Group in a research report issued on Wednesday, January 8th. Scotiabank analyst A. Weisel forecasts that the utilities provider will post earnings per share of $4.23 for the year. Scotiabank has a “Sector Perform” rating and a $86.00 price target on the stock. 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 posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.44 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS.

Other analysts have also issued reports about the stock. UBS Group raised their price target on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their target price on shares of Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Morgan Stanley upped their target price on shares of Public Service Enterprise Group from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Evercore ISI upped their target price on shares of Public Service Enterprise Group from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Guggenheim reissued a “buy” rating on shares of Public Service Enterprise Group in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.17.

Public Service Enterprise Group Stock Performance

NYSE PEG opened at $84.28 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $41.99 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 3.18 and a beta of 0.65. The company’s fifty day moving average is $87.44 and its two-hundred day moving average is $83.98. Public Service Enterprise Group has a 52-week low of $56.85 and a 52-week high of $95.22.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 2.85%. Public Service Enterprise Group’s dividend payout ratio is 58.97%.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total transaction of $117,005.98. Following the transaction, the chief executive officer now directly owns 144,212 shares in the company, valued at approximately $12,245,040.92. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kim C. Hanemann sold 956 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $90.09, for a total transaction of $86,126.04. Following the transaction, the chief operating officer now owns 70,011 shares in the company, valued at $6,307,290.99. The trade was a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,234 shares of company stock valued at $722,037. 0.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Public Service Enterprise Group

Several large investors have recently bought and sold shares of PEG. Ashton Thomas Securities LLC acquired a new position in Public Service Enterprise Group in the third quarter valued at approximately $35,000. Northwest Investment Counselors LLC acquired a new position in Public Service Enterprise Group in the third quarter valued at approximately $48,000. Legacy Investment Solutions LLC acquired a new position in Public Service Enterprise Group in the third quarter valued at approximately $59,000. Kimelman & Baird LLC acquired a new position in Public Service Enterprise Group in the second quarter valued at approximately $66,000. Finally, Fortitude Family Office LLC lifted its holdings in Public Service Enterprise Group by 325.0% in the third quarter. Fortitude Family Office LLC now owns 799 shares of the utilities provider’s stock valued at $71,000 after buying an additional 611 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group Company Profile

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.