Research Analysts Set Expectations for PEG FY2027 Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Equities researchers at Seaport Res Ptn upped their FY2027 earnings per share (EPS) estimates for Public Service Enterprise Group in a research note issued to investors on Tuesday, August 12th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $4.87 per share for the year, up from their previous forecast of $4.86. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share.

A number of other brokerages have also issued reports on PEG. Morgan Stanley lowered their price target on Public Service Enterprise Group from $101.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, June 18th. Wall Street Zen lowered Public Service Enterprise Group from a “hold” rating to a “sell” rating in a report on Sunday, July 20th. UBS Group boosted their price target on Public Service Enterprise Group from $97.00 to $103.00 and gave the company a “buy” rating in a report on Friday, July 25th. Evercore ISI lowered their price target on Public Service Enterprise Group from $99.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, BMO Capital Markets boosted their price target on Public Service Enterprise Group from $84.00 to $89.00 and gave the company a “market perform” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.95.

Public Service Enterprise Group Stock Down 1.7%

Shares of NYSE:PEG opened at $85.34 on Friday. Public Service Enterprise Group has a 1 year low of $74.67 and a 1 year high of $95.22. The business has a 50 day simple moving average of $84.23 and a two-hundred day simple moving average of $82.29. The firm has a market capitalization of $42.59 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 0.76.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year.

Public Service Enterprise Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is 63.64%.

Insiders Place Their Bets

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,387 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $83.12, for a total value of $115,287.44. Following the completion of the transaction, the chief executive officer owned 218,328 shares of the company’s stock, valued at $18,147,423.36. This trade represents a 0.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Public Service Enterprise Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC lifted its position in shares of Public Service Enterprise Group by 939.0% during the 2nd quarter. Headlands Technologies LLC now owns 4,000 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 3,615 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth $124,000. Corient Private Wealth LLC lifted its position in shares of Public Service Enterprise Group by 16.0% during the 2nd quarter. Corient Private Wealth LLC now owns 200,344 shares of the utilities provider’s stock worth $16,893,000 after purchasing an additional 27,600 shares during the last quarter. Equitable Holdings Inc. lifted its position in shares of Public Service Enterprise Group by 14.9% during the 2nd quarter. Equitable Holdings Inc. now owns 49,796 shares of the utilities provider’s stock worth $4,192,000 after purchasing an additional 6,450 shares during the last quarter. Finally, Florida Financial Advisors LLC lifted its position in shares of Public Service Enterprise Group by 23.2% during the 2nd quarter. Florida Financial Advisors LLC now owns 7,632 shares of the utilities provider’s stock worth $642,000 after purchasing an additional 1,435 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

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.