Zacks Research Analysts Raise Earnings Estimates for PEG

Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) - Investment analysts at Zacks Research upped their Q1 2025 EPS estimates for Public Service Enterprise Group in a research note issued on Wednesday, January 15th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $1.30 for the quarter, up from their prior forecast of $1.26. 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 2025 earnings at $0.79 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.93 EPS and FY2025 earnings at $4.03 EPS.

PEG has been the subject of several other research reports. 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 note on Monday, September 23rd. Evercore ISI lifted their price target on shares of Public Service Enterprise Group from $92.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. UBS Group increased their price objective on shares of Public Service Enterprise Group from $94.00 to $98.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted 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. Finally, Scotiabank increased their price target on Public Service Enterprise Group from $73.00 to $86.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Four 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.17.

Public Service Enterprise Group Trading Down 0.3 %

PEG stock traded down $0.28 during mid-day trading on Friday, reaching $88.20. The company's stock had a trading volume of 2,714,176 shares, compared to its average volume of 2,006,325. The company has a market cap of $43.94 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.81 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 moving average price is $87.65 and its 200 day moving average price is $84.26. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.44 billion. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PEG. Thoroughbred Financial Services LLC bought a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth $207,000. Dimensional Fund Advisors LP increased its holdings in Public Service Enterprise Group by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,734,257 shares of the utilities provider's stock worth $127,809,000 after buying an additional 163,333 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Public Service Enterprise Group by 82.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 148,972 shares of the utilities provider's stock worth $10,971,000 after acquiring an additional 67,272 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Public Service Enterprise Group by 8.1% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,138 shares of the utilities provider's stock valued at $1,558,000 after acquiring an additional 1,576 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Public Service Enterprise Group by 13.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,038 shares of the utilities provider's stock valued at $3,536,000 after acquiring an additional 5,945 shares during the period. Hedge funds and other institutional investors own 73.34% of the company's stock.

Insider Transactions at Public Service Enterprise Group

In other news, COO Kim C. Hanemann sold 956 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $90.09, for a total value of $86,126.04. Following the transaction, the chief operating officer now owns 70,011 shares in the company, valued at $6,307,290.99. The trade was a 1.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ralph A. Larossa sold 1,378 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total value of $117,005.98. Following the completion of the transaction, the chief executive officer now directly owns 144,212 shares of the company's stock, valued at approximately $12,245,040.92. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,234 shares of company stock worth $722,037 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Public Service Enterprise Group Announces Dividend

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