Analysts Offer Predictions for Public Service Enterprise Group Incorporated’s FY2025 Earnings (NYSE:PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) – Equities researchers at Seaport Res Ptn decreased their FY2025 earnings per share (EPS) estimates for Public Service Enterprise Group in a research note issued to investors on Thursday, June 13th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $4.25 per share for the year, down from their previous forecast of $4.40. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.68 per share. Seaport Res Ptn also issued estimates for Public Service Enterprise Group’s FY2026 earnings at $4.52 EPS and FY2027 earnings at $4.90 EPS.

Other research analysts have also issued research reports about the company. Royal Bank of Canada boosted their target price on Public Service Enterprise Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Bank of America boosted their price target on Public Service Enterprise Group from $73.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Mizuho boosted their price target on Public Service Enterprise Group from $65.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. BMO Capital Markets lowered their price target on Public Service Enterprise Group from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Tuesday, February 27th. Finally, Barclays boosted their price target on Public Service Enterprise Group from $68.00 to $71.00 and gave the company an “overweight” rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.67.

Public Service Enterprise Group Stock Up 0.6 %

Shares of NYSE:PEG opened at $73.07 on Monday. Public Service Enterprise Group has a 1 year low of $53.71 and a 1 year high of $75.82. The business has a 50 day simple moving average of $71.29 and a two-hundred day simple moving average of $65.14. The firm has a market capitalization of $36.39 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 3.02 and a beta of 0.59. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.79 and a quick ratio of 0.62.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Tuesday, April 30th. The utilities provider reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.01). Public Service Enterprise Group had a net margin of 17.65% and a return on equity of 11.10%. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the firm earned $1.39 EPS. The firm’s quarterly revenue was down 26.5% on a year-over-year basis.

Public Service Enterprise Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Friday, June 7th. Public Service Enterprise Group’s payout ratio is presently 66.48%.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 1,374 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $66.37, for a total transaction of $91,192.38. Following the transaction, the chief executive officer now directly owns 152,347 shares of the company’s stock, valued at $10,111,270.39. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 3,148 shares of company stock valued at $212,750. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Public Service Enterprise Group

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Public Service Enterprise Group by 13.0% in the 3rd quarter. Vanguard Group Inc. now owns 61,673,935 shares of the utilities provider’s stock valued at $3,509,864,000 after acquiring an additional 7,103,657 shares during the period. Norges Bank acquired a new position in shares of Public Service Enterprise Group in the 4th quarter valued at $215,074,000. Hsbc Holdings PLC increased its position in shares of Public Service Enterprise Group by 118.1% in the 3rd quarter. Hsbc Holdings PLC now owns 1,364,088 shares of the utilities provider’s stock valued at $77,544,000 after acquiring an additional 738,684 shares during the period. JPMorgan Chase & Co. grew its position in Public Service Enterprise Group by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,020,997 shares of the utilities provider’s stock worth $1,879,225,000 after purchasing an additional 726,613 shares during the period. Finally, Reaves W H & Co. Inc. grew its position in Public Service Enterprise Group by 73.9% during the 1st quarter. Reaves W H & Co. Inc. now owns 1,572,001 shares of the utilities provider’s stock worth $104,978,000 after purchasing an additional 667,773 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.

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.