Seaport Res Ptn Has Bullish Outlook for PEG FY2027 Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Stock analysts at Seaport Res Ptn upped their FY2027 EPS estimates for Public Service Enterprise Group in a research report issued to clients and investors on Wednesday, December 11th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $5.07 per share for the year, up from their previous forecast of $4.95. 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 FY2028 earnings at $5.21 EPS.

PEG has been the subject of several other research reports. Guggenheim reissued a "buy" rating on shares of Public Service Enterprise Group in a research report on Wednesday, December 11th. Scotiabank boosted their target price on shares of Public Service Enterprise Group from $73.00 to $86.00 and gave the company a "sector perform" rating in a research note on Thursday. UBS Group raised their price target on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Bank of America boosted their price objective on shares of 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. Finally, BMO Capital Markets raised their target price on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the stock a "market perform" rating in a research report on Monday, October 21st. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.17.

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG traded down $0.76 during midday trading on Monday, hitting $86.05. 1,984,828 shares of the stock were exchanged, compared to its average volume of 2,746,675. Public Service Enterprise Group has a twelve month low of $56.85 and a twelve month high of $95.22. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average price of $89.21 and a 200-day moving average price of $82.46. The stock has a market cap of $42.87 billion, a P/E ratio of 21.33, a PEG ratio of 3.18 and a beta of 0.62.

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

Public Service Enterprise Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Tuesday, December 10th. Public Service Enterprise Group's dividend payout ratio is 58.97%.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 1,378 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $90.20, for a total transaction of $124,295.60. Following the completion of the sale, the chief executive officer now owns 147,514 shares of the company's stock, valued at $13,305,762.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tamara Louise Linde sold 9,564 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 48,397 shares of the company's stock, valued at approximately $4,385,252.17. This trade represents a 16.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,798 shares of company stock worth $1,595,921 in the last ninety days. Insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in shares of Public Service Enterprise Group during the 2nd quarter valued at about $33,000. Ashton Thomas Securities LLC bought a new position in Public Service Enterprise Group in the 3rd quarter worth approximately $35,000. Northwest Investment Counselors LLC purchased a new stake in shares of Public Service Enterprise Group in the third quarter worth about $48,000. Rothschild Investment LLC purchased a new position in Public Service Enterprise Group during the second quarter worth about $58,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter worth $59,000. 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.