Public Service Enterprise Group (NYSE:PEG) Issues FY 2025 Earnings Guidance

Public Service Enterprise Group (NYSE:PEG) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.940-4.060 for the period, compared to the consensus estimate of 4.010. The company issued revenue guidance of -. Public Service Enterprise Group also updated its FY25 guidance to $3.94-4.06 EPS.

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG traded up $0.56 on Wednesday, reaching $83.79. 791,740 shares of the company traded hands, compared to its average volume of 2,272,640. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. Public Service Enterprise Group has a fifty-two week low of $59.67 and a fifty-two week high of $95.22. The stock has a market capitalization of $41.75 billion, a PE ratio of 20.67, a P/E/G ratio of 2.78 and a beta of 0.64. The company’s 50 day moving average is $84.91 and its 200-day moving average is $86.05.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, analysts anticipate that Public Service Enterprise Group will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.52 dividend on an annualized basis and a yield of 3.01%. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.60. Public Service Enterprise Group’s payout ratio is presently 61.92%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group increased 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. Guggenheim restated a “buy” rating and set a $98.00 target price on shares of Public Service Enterprise Group in a report on Wednesday. Wells Fargo & Company cut their target price on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday. BMO Capital Markets raised their price target on shares of Public Service Enterprise Group from $85.00 to $86.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Barclays lowered shares of Public Service Enterprise Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $88.00 to $84.00 in a report on Monday, January 27th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.50.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $83.10, for a total value of $114,511.80. Following the completion of the transaction, the chief executive officer now directly owns 126,791 shares in the company, valued at approximately $10,536,332.10. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

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.