FY2026 Earnings Forecast for PEG Issued By Scotiabank

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Equities researchers at Scotiabank issued their FY2026 earnings estimates for Public Service Enterprise Group in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst A. Weisel anticipates that the utilities provider will earn $4.23 per share for the year. Scotiabank currently has a "Sector Perform" rating and a $86.00 target price on the stock. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $3.67 per share.

A number of other research analysts also recently commented on PEG. Morgan Stanley lifted their price objective on shares of Public Service Enterprise Group from $83.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. Jefferies Financial Group assumed coverage on Public Service Enterprise Group in a report on Friday, September 13th. They set a "hold" rating and a $85.00 price target for the company. UBS Group upped their price objective on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Barclays cut their target price on shares of Public Service Enterprise Group from $98.00 to $88.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company upped their price target on shares of Public Service Enterprise Group from $85.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.17.

Public Service Enterprise Group Stock Down 1.2 %

Shares of NYSE:PEG traded down $1.00 during midday trading on Friday, hitting $84.28. The stock had a trading volume of 2,524,879 shares, compared to its average volume of 2,036,363. The company has a market cap of $41.99 billion, a P/E ratio of 20.71, a PEG ratio of 3.18 and a beta of 0.65. Public Service Enterprise Group has a 12 month low of $56.85 and a 12 month high of $95.22. The business's 50-day simple moving average is $87.44 and its 200-day simple moving average is $83.91. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 1.18.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating 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 quarter last year, the business posted $0.85 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a $0.60 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.85%. Public Service Enterprise Group's dividend payout ratio (DPR) is 58.97%.

Insider Buying and Selling at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 5,900 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $87.95, for a total transaction of $518,905.00. Following the completion of the sale, the senior vice president now directly owns 25,829 shares in the company, valued at $2,271,660.55. This represents a 18.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Kim C. Hanemann sold 956 shares of Public Service Enterprise Group stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $90.09, for a total value of $86,126.04. Following the completion of the transaction, the chief operating officer now directly owns 70,011 shares of the company's stock, valued at approximately $6,307,290.99. This trade represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,234 shares of company stock worth $722,037 over the last quarter. Corporate insiders own 0.57% of the company's stock.

Hedge Funds Weigh In On Public Service Enterprise Group

Several large investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Public Service Enterprise Group during the 3rd quarter worth approximately $35,000. Northwest Investment Counselors LLC bought a new position in shares of Public Service Enterprise Group during the third quarter valued at about $48,000. Legacy Investment Solutions LLC purchased a new position in shares of Public Service Enterprise Group in the third quarter valued at about $59,000. Fortitude Family Office LLC raised its holdings in shares of Public Service Enterprise Group by 325.0% during the third quarter. Fortitude Family Office LLC now owns 799 shares of the utilities provider's stock valued at $71,000 after acquiring an additional 611 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Public Service Enterprise Group during the 2nd quarter worth approximately $66,000. 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.