Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) – Analysts at KeyCorp upped their Q3 2026 earnings per share (EPS) estimates for shares of Public Service Enterprise Group in a research note issued on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $1.25 per share for the quarter, up from their prior forecast of $1.14. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $4.37 per share. KeyCorp also issued estimates for Public Service Enterprise Group’s Q4 2026 earnings at $0.70 EPS, FY2027 earnings at $4.67 EPS and FY2030 earnings at $5.59 EPS.
Several other brokerages have also commented on PEG. Morgan Stanley cut their price target on shares of Public Service Enterprise Group from $91.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Wells Fargo & Company dropped their price objective on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Truist Financial cut their target price on Public Service Enterprise Group from $90.00 to $84.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Finally, Citigroup reduced their target price on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $89.23.
Public Service Enterprise Group Trading Up 0.1%
Shares of Public Service Enterprise Group stock opened at $70.53 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. The company has a fifty day simple moving average of $71.98 and a 200-day simple moving average of $77.01. The stock has a market cap of $35.15 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.65 and a beta of 0.50. Public Service Enterprise Group has a 12-month low of $66.15 and a 12-month high of $87.63.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS.
Public Service Enterprise Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 9th. Public Service Enterprise Group’s payout ratio is presently 66.67%.
Insiders Place Their Bets
In related news, SVP Richard Thigpen sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the sale, the senior vice president owned 20,970 shares in the company, valued at $1,563,523.20. This represents a 27.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ralph LaRossa sold 2,083 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $67.48, for a total transaction of $140,560.84. Following 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,166 shares of company stock worth $896,328 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.
Institutional Investors Weigh In On Public Service Enterprise Group
Hedge funds have recently made changes to their positions in the business. Community Financial Services Group LLC acquired a new stake in Public Service Enterprise Group during the 2nd quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at approximately $26,000. Elevation Wealth Partners LLC increased its holdings in shares of Public Service Enterprise Group by 240.6% in the second quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 243 shares during the period. Aberdeen Wealth Management LLC acquired a new position in shares of Public Service Enterprise Group in the second quarter valued at approximately $32,000. Finally, Bayban acquired a new position in shares of Public Service Enterprise Group in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.34% of the company’s stock.
Public Service Enterprise Group Company Profile
Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Founded in 1903, the company operates primarily through its regulated utility subsidiary, Public Service Electric and Gas Company (PSE&G), and its competitive energy businesses.
PSE&G is New Jersey’s largest electric and gas utility, providing electricity and natural gas delivery, transmission, distribution, and related customer services to residential, commercial, and industrial customers across the state.
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