FY2026 Earnings Estimate for PEG Issued By Seaport Res Ptn

Public Service Enterprise Group Incorporated (NYSE:PEG) – Stock analysts at Seaport Res Ptn upped their FY2026 earnings estimates for shares of Public Service Enterprise Group in a research report issued to clients and investors on Tuesday, October 22nd. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $4.47 per share for the year, up from their previous estimate of $4.39. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Public Service Enterprise Group had a net margin of 16.12% and a return on equity of 10.72%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the company earned $0.70 earnings per share. Public Service Enterprise Group’s revenue for the quarter was up .1% on a year-over-year basis.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Public Service Enterprise Group in a research report on Friday, September 13th. They set a “hold” rating and a $85.00 price objective for the company. UBS Group raised their price target on shares of Public Service Enterprise Group from $87.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. LADENBURG THALM/SH SH raised shares of Public Service Enterprise Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada increased their price objective on Public Service Enterprise Group from $80.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, BMO Capital Markets lifted their target price on Public Service Enterprise Group from $86.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Public Service Enterprise Group presently has an average rating of “Moderate Buy” and a consensus price target of $87.15.

Public Service Enterprise Group Stock Down 0.4 %

Shares of PEG opened at $89.77 on Wednesday. Public Service Enterprise Group has a 52-week low of $56.85 and a 52-week high of $92.20. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $85.11 and a two-hundred day simple moving average of $77.43. The company has a market capitalization of $44.72 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.71 and a beta of 0.61.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of large investors have recently modified their holdings of the company. Smallwood Wealth Investment Management LLC grew its stake in shares of Public Service Enterprise Group by 1.3% during the third quarter. Smallwood Wealth Investment Management LLC now owns 9,267 shares of the utilities provider’s stock worth $827,000 after purchasing an additional 115 shares in the last quarter. Great Lakes Retirement Inc. lifted its holdings in Public Service Enterprise Group by 0.4% during the 3rd quarter. Great Lakes Retirement Inc. now owns 29,357 shares of the utilities provider’s stock worth $2,619,000 after buying an additional 127 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Public Service Enterprise Group by 1.8% during the 2nd quarter. Brighton Jones LLC now owns 7,430 shares of the utilities provider’s stock worth $548,000 after acquiring an additional 131 shares in the last quarter. Little House Capital LLC increased its holdings in shares of Public Service Enterprise Group by 1.2% in the 3rd quarter. Little House Capital LLC now owns 11,063 shares of the utilities provider’s stock valued at $987,000 after acquiring an additional 134 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC raised its position in shares of Public Service Enterprise Group by 0.5% during the 2nd quarter. Bryn Mawr Capital Management LLC now owns 25,739 shares of the utilities provider’s stock worth $1,905,000 after acquiring an additional 135 shares in the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 1,378 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $80.69, for a total transaction of $111,190.82. Following the sale, the chief executive officer now directly owns 148,892 shares of the company’s stock, valued at $12,014,095.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $80.69, for a total value of $111,190.82. Following the sale, the chief executive officer now owns 148,892 shares of the company’s stock, valued at $12,014,095.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tamara Louise Linde sold 9,563 shares of Public Service Enterprise Group stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $79.54, for a total value of $760,641.02. Following the completion of the transaction, the executive vice president now owns 57,961 shares of the company’s stock, valued at $4,610,217.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,010 shares of company stock valued at $3,397,855. 0.57% of the stock is currently owned by corporate insiders.

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.