Seaport Res Ptn Has Bearish Estimate for PEG FY2025 Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Seaport Res Ptn lowered their FY2025 earnings estimates for Public Service Enterprise Group in a report issued on Wednesday, December 11th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $3.99 per share for the year, down from their previous estimate of $4.17. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $3.67 per share. Seaport Res Ptn also issued estimates for Public Service Enterprise Group's FY2026 earnings at $4.53 EPS.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company's revenue for the quarter was up 7.6% on a year-over-year basis.

PEG has been the topic of several other research reports. Guggenheim reaffirmed a "buy" rating on shares of Public Service Enterprise Group in a research report on Wednesday. Wells Fargo & Company increased their target price on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Bank of America increased their target price on Public Service Enterprise Group from $84.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Barclays dropped their target price on Public Service Enterprise Group from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Finally, Scotiabank increased their target price on Public Service Enterprise Group from $73.00 to $86.00 and gave the company a "sector perform" rating in a research report on Thursday. Four equities research 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 company's stock. Based on data from MarketBeat.com, Public Service Enterprise Group has an average rating of "Moderate Buy" and an average price target of $89.17.

Public Service Enterprise Group Trading Up 1.2 %

Shares of NYSE PEG traded up $0.99 during midday trading on Friday, hitting $86.94. The company's stock had a trading volume of 1,005,088 shares, compared to its average volume of 2,744,717. Public Service Enterprise Group has a 12-month low of $56.85 and a 12-month high of $95.22. The firm has a market cap of $43.32 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 3.14 and a beta of 0.62. The business's 50 day moving average is $89.32 and its two-hundred day moving average is $82.26. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of institutional investors and hedge funds have recently modified their holdings of PEG. Old Port Advisors boosted its stake in Public Service Enterprise Group by 0.5% in the third quarter. Old Port Advisors now owns 23,527 shares of the utilities provider's stock valued at $2,099,000 after acquiring an additional 113 shares in the last quarter. Smallwood Wealth Investment Management LLC boosted its stake in Public Service Enterprise Group by 1.3% in the third quarter. Smallwood Wealth Investment Management LLC now owns 9,267 shares of the utilities provider's stock valued at $827,000 after acquiring an additional 115 shares in the last quarter. First Commonwealth Financial Corp PA boosted its stake in shares of Public Service Enterprise Group by 1.3% during the third quarter. First Commonwealth Financial Corp PA now owns 9,444 shares of the utilities provider's stock worth $842,000 after buying an additional 123 shares during the period. Cigna Investments Inc. New boosted its stake in shares of Public Service Enterprise Group by 2.5% during the third quarter. Cigna Investments Inc. New now owns 5,053 shares of the utilities provider's stock worth $451,000 after buying an additional 124 shares during the period. Finally, Great Lakes Retirement Inc. boosted its stake in shares of Public Service Enterprise Group by 0.4% during the third quarter. Great Lakes Retirement Inc. now owns 29,357 shares of the utilities provider's stock worth $2,619,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 73.34% of the company's stock.

Insider Activity

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $90.20, for a total value of $124,295.60. Following the sale, the chief executive officer now owns 147,514 shares of the company's stock, valued at $13,305,762.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tamara Louise Linde sold 9,564 shares of the company's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $90.61, for a total value of $866,594.04. Following the sale, the executive vice president now directly owns 48,397 shares in the company, valued at $4,385,252.17. This represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,798 shares of company stock valued at $1,595,921. 0.57% of the stock is currently owned by company insiders.

Public Service Enterprise Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Tuesday, December 10th. Public Service Enterprise Group's payout ratio is presently 58.97%.

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.