Zacks Research Issues Positive Estimate for PEG Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Investment analysts at Zacks Research increased their Q1 2025 earnings per share estimates for Public Service Enterprise Group in a report released on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the utilities provider will earn $1.30 per share for the quarter, up from their previous estimate of $1.26. 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 Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.93 EPS and FY2025 earnings at $4.03 EPS.

Several other research firms have also weighed in on PEG. Wells Fargo & Company lifted their price objective on Public Service Enterprise Group from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Morgan Stanley lifted their target price on Public Service Enterprise Group from $83.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. UBS Group increased their price target on Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI lifted their price objective 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, Scotiabank increased their target price on shares of Public Service Enterprise Group from $73.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.17.

Public Service Enterprise Group Price Performance

Shares of NYSE PEG opened at $88.20 on Friday. The company has a market capitalization of $43.94 billion, a PE ratio of 21.67, a P/E/G ratio of 2.81 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18. Public Service Enterprise Group has a twelve month low of $56.85 and a twelve month high of $95.22. The firm has a fifty day simple moving average of $87.65 and a 200 day simple moving average of $84.26.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Secure Asset Management LLC increased its stake in shares of Public Service Enterprise Group by 9.3% in the fourth quarter. Secure Asset Management LLC now owns 21,148 shares of the utilities provider’s stock worth $1,787,000 after purchasing an additional 1,801 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Public Service Enterprise Group by 10.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 66,610 shares of the utilities provider’s stock worth $5,628,000 after buying an additional 6,532 shares during the period. Advisory Alpha LLC grew its stake in Public Service Enterprise Group by 12.7% in the 4th quarter. Advisory Alpha LLC now owns 3,566 shares of the utilities provider’s stock valued at $301,000 after buying an additional 403 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Public Service Enterprise Group by 281.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 286,120 shares of the utilities provider’s stock valued at $24,174,000 after acquiring an additional 211,100 shares during the period. Finally, Genesis Private Wealth LLC purchased a new stake in shares of Public Service Enterprise Group during the fourth quarter worth $210,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Insider Buying and Selling at Public Service Enterprise Group

In related news, COO Kim C. Hanemann sold 956 shares of Public Service Enterprise Group stock in a transaction 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 sale, the chief operating officer now directly owns 70,011 shares in the company, valued at approximately $6,307,290.99. This trade represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ralph A. Larossa sold 1,378 shares of Public Service Enterprise Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $84.91, for a total value of $117,005.98. Following the sale, the chief executive officer now owns 144,212 shares in the company, valued at $12,245,040.92. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,234 shares of company stock worth $722,037. Corporate insiders own 0.18% of the company’s stock.

Public Service Enterprise Group Announces Dividend

The business 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. This represents a $2.40 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, December 10th. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 58.97%.

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.