Public Service Enterprise Group (PEG) to Release Quarterly Earnings on Wednesday

Public Service Enterprise Group (NYSE:PEG - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Wednesday, April 30th. Analysts expect Public Service Enterprise Group to post earnings of $1.43 per share and revenue of $3.15 billion for the quarter. Public Service Enterprise Group has set its FY25 guidance at $3.94-4.06 EPS and its FY 2025 guidance at 3.940-4.060 EPS.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share 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 analyst estimates of $2.03 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The business's revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, analysts expect Public Service Enterprise Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Public Service Enterprise Group Trading Up 2.2 %

Shares of NYSE PEG opened at $81.99 on Wednesday. The business has a 50 day simple moving average of $81.78 and a 200 day simple moving average of $85.36. Public Service Enterprise Group has a 52 week low of $65.36 and a 52 week high of $95.22. The stock has a market cap of $40.88 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.78 and a beta of 0.52. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.07%. Public Service Enterprise Group's payout ratio is 71.19%.

Analysts Set New Price Targets

Several brokerages recently commented on PEG. Barclays dropped their target price on shares of Public Service Enterprise Group from $84.00 to $83.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lifted their price objective on Public Service Enterprise Group from $96.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Wells Fargo & Company decreased their target price on Public Service Enterprise Group from $100.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Bank of America dropped their price target on Public Service Enterprise Group from $95.00 to $92.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, StockNews.com raised Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Public Service Enterprise Group presently has an average rating of "Moderate Buy" and a consensus target price of $89.35.

Insider Buying and Selling

In related news, CEO Ralph A. Larossa sold 1,378 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $83.10, for a total value of $114,511.80. Following the transaction, the chief executive officer now owns 126,791 shares in the company, valued at approximately $10,536,332.10. This represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by insiders.

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.

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