What is Scotiabank's Forecast for PEG FY2025 Earnings?

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Scotiabank lifted their FY2025 earnings estimates for Public Service Enterprise Group in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings of $4.02 per share for the year, up from their prior estimate of $3.99. Scotiabank has a "Sector Perform" rating and a $86.00 price objective on the stock. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $3.67 per share. Scotiabank also issued estimates for Public Service Enterprise Group's FY2026 earnings at $4.29 EPS.

Several other analysts also recently weighed in on the company. Guggenheim restated a "buy" rating and set a $98.00 target price on shares of Public Service Enterprise Group in a research note on Wednesday, February 26th. StockNews.com upgraded shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note on Friday, March 14th. BMO Capital Markets increased their price objective on shares of Public Service Enterprise Group from $85.00 to $86.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and set a $82.50 target price for the company. in a research report on Wednesday, March 19th. Finally, Morgan Stanley upped their price objective on Public Service Enterprise Group from $96.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Public Service Enterprise Group presently has a consensus rating of "Moderate Buy" and an average target price of $89.65.

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Public Service Enterprise Group Stock Down 1.0 %

Shares of NYSE:PEG traded down $0.82 during midday trading on Monday, hitting $80.72. 2,519,299 shares of the company's stock traded hands, compared to its average volume of 2,534,130. The firm's fifty day moving average price is $83.31 and its two-hundred day moving average price is $86.09. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. Public Service Enterprise Group has a twelve month low of $64.03 and a twelve month high of $95.22. The company has a market cap of $40.24 billion, a PE ratio of 19.83, a P/E/G ratio of 2.78 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.03 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of institutional investors have recently bought and sold shares of the stock. Transce3nd LLC purchased a new position in shares of Public Service Enterprise Group in the fourth quarter worth approximately $25,000. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group in the 4th quarter worth approximately $25,000. REAP Financial Group LLC grew its position in Public Service Enterprise Group by 105.9% during the 4th quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock worth $27,000 after purchasing an additional 162 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Public Service Enterprise Group during the 4th quarter valued at $35,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Public Service Enterprise Group in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 73.34% of the company's stock.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 1,378 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $83.10, for a total transaction of $114,511.80. Following the sale, the chief executive officer now directly owns 126,791 shares of the company's stock, valued at $10,536,332.10. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by company insiders.

Public Service Enterprise Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Public Service Enterprise Group's previous quarterly dividend of $0.60. Public Service Enterprise Group's payout ratio is currently 71.19%.

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.