Zacks Research Issues Positive Forecast for PEG Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Investment analysts at Zacks Research boosted their Q1 2026 earnings estimates for shares of Public Service Enterprise Group in a research note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $1.44 for the quarter, up from their previous forecast of $1.43. The consensus estimate for Public Service Enterprise Group's current full-year earnings is $3.67 per share. Zacks Research also issued estimates for Public Service Enterprise Group's Q2 2026 earnings at $0.78 EPS and FY2026 earnings at $4.25 EPS.

PEG has been the subject of several other reports. UBS Group raised their price objective on 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. BMO Capital Markets raised their price target 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. Guggenheim restated a "buy" rating on shares of Public Service Enterprise Group in a research note on Wednesday, December 11th. Evercore ISI increased their price objective on shares of Public Service Enterprise Group from $92.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley boosted their target price 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. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.17.

Public Service Enterprise Group Stock Performance

PEG stock traded down $0.28 during midday trading on Monday, reaching $88.20. The stock had a trading volume of 2,714,176 shares, compared to its average volume of 1,757,952. The firm has a fifty day simple moving average of $87.70 and a two-hundred day simple moving average of $84.51. Public Service Enterprise Group has a 52-week low of $56.85 and a 52-week high of $95.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a market cap of $43.94 billion, a PE ratio of 21.67, a P/E/G ratio of 2.81 and a beta of 0.65.

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

Public Service Enterprise Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.72%. Public Service Enterprise Group's dividend payout ratio is currently 58.97%.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, COO Kim C. Hanemann sold 956 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $90.09, for a total transaction of $86,126.04. Following the transaction, the chief operating officer now directly owns 70,011 shares of the company's stock, valued at $6,307,290.99. This trade represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ralph A. Larossa sold 1,378 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $84.91, for a total transaction of $117,005.98. Following the sale, the chief executive officer now directly owns 144,212 shares of the company's stock, valued at $12,245,040.92. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,234 shares of company stock valued at $722,037. Company insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of hedge funds have recently made changes to their positions in PEG. Ashton Thomas Securities LLC purchased a new position in shares of Public Service Enterprise Group in the third quarter worth about $35,000. Northwest Investment Counselors LLC acquired a new position in shares of Public Service Enterprise Group during the 3rd quarter worth approximately $48,000. Legacy Investment Solutions LLC acquired a new position in shares of Public Service Enterprise Group during the 3rd quarter worth approximately $59,000. Fortitude Family Office LLC grew its position in shares of Public Service Enterprise Group by 325.0% in the third quarter. Fortitude Family Office LLC now owns 799 shares of the utilities provider's stock valued at $71,000 after purchasing an additional 611 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in shares of Public Service Enterprise Group in the second quarter valued at approximately $66,000. Institutional investors and hedge funds own 73.34% of the company's stock.

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.