FY2025 EPS Estimates for Public Service Enterprise Group Incorporated Raised by Seaport Res Ptn (NYSE:PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) – Analysts at Seaport Res Ptn raised their FY2025 earnings estimates for Public Service Enterprise Group in a research report issued on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $4.40 for the year, up from their prior forecast of $4.05. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.66 per share. Seaport Res Ptn also issued estimates for Public Service Enterprise Group’s FY2026 earnings at $4.66 EPS.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Monday, February 26th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Public Service Enterprise Group had a net margin of 22.81% and a return on equity of 11.53%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Public Service Enterprise Group’s revenue was down 17.0% compared to the same quarter last year.

A number of other equities analysts have also issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Public Service Enterprise Group from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Guggenheim lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Monday, January 22nd. Scotiabank lowered their price target on shares of Public Service Enterprise Group from $64.00 to $62.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Evercore ISI boosted their price target on shares of Public Service Enterprise Group from $67.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Finally, TheStreet raised shares of Public Service Enterprise Group from a “c+” rating to a “b-” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.15.

Public Service Enterprise Group Trading Down 0.4 %

Shares of PEG stock opened at $67.81 on Friday. Public Service Enterprise Group has a 1 year low of $53.71 and a 1 year high of $68.39. The firm’s fifty day simple moving average is $64.64 and its 200 day simple moving average is $62.28. The firm has a market capitalization of $33.81 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 2.94 and a beta of 0.58. 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 Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Investment Counsel LLC lifted its position in Public Service Enterprise Group by 7.9% during the 1st quarter. Sterling Investment Counsel LLC now owns 3,983 shares of the utilities provider’s stock worth $266,000 after buying an additional 290 shares in the last quarter. BLB&B Advisors LLC acquired a new position in Public Service Enterprise Group during the 1st quarter worth about $245,000. YHB Investment Advisors Inc. acquired a new position in Public Service Enterprise Group during the 1st quarter worth about $45,000. SlateStone Wealth LLC acquired a new position in Public Service Enterprise Group during the 1st quarter worth about $209,000. Finally, SYSTM Wealth Solutions LLC lifted its position in Public Service Enterprise Group by 46.6% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 38,289 shares of the utilities provider’s stock worth $2,557,000 after buying an additional 12,171 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insider Activity

In other news, CEO Ralph A. Larossa sold 1,374 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at approximately $9,684,423. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ralph A. Larossa sold 1,374 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at approximately $9,684,423. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 on Thursday, March 14th. The shares were sold at an average price of $64.18, for a total transaction of $308,064.00. Following the completion of the sale, the senior vice president now 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 quarter, insiders have sold 7,948 shares of company stock worth $511,814. Corporate insiders own 0.57% of the company’s stock.

Public Service Enterprise Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 annualized dividend and a dividend yield of 3.54%. Public Service Enterprise Group’s dividend payout ratio is presently 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.