FY2025 Earnings Forecast for PEG Issued By Seaport Res Ptn

Public Service Enterprise Group Incorporated (NYSE:PEG) – Equities research analysts at Seaport Res Ptn lowered their FY2025 earnings per share (EPS) estimates for Public Service Enterprise Group in a research note issued to investors on Wednesday, December 11th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $3.99 per share for the year, down from their prior forecast of $4.17. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share. Seaport Res Ptn also issued estimates for Public Service Enterprise Group’s FY2026 earnings at $4.53 EPS.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. Public Service Enterprise Group had a return on equity of 10.70% and a net margin of 19.48%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year.

A number of other analysts have also commented on the stock. Guggenheim reaffirmed a “buy” rating on shares of Public Service Enterprise Group in a research note on Wednesday. Evercore ISI upped their price objective 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. BMO Capital Markets upped their price objective on shares of Public Service Enterprise Group from $86.00 to $89.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Scotiabank upped their target price on Public Service Enterprise Group from $73.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Wells Fargo & Company upped their target price on Public Service Enterprise Group from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.17.

Public Service Enterprise Group Price Performance

PEG stock opened at $85.95 on Friday. 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 has a one year low of $56.85 and a one year high of $95.22. The firm has a market capitalization of $42.82 billion, a PE ratio of 21.12, a P/E/G ratio of 3.14 and a beta of 0.62. The firm has a 50-day moving average of $89.32 and a two-hundred day moving average of $82.26.

Institutional Investors Weigh In On Public Service Enterprise Group

Large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in Public Service Enterprise Group during the third quarter worth approximately $35,000. Family Firm Inc. bought a new stake in shares of Public Service Enterprise Group in the second quarter valued at approximately $33,000. OFI Invest Asset Management bought a new stake in shares of Public Service Enterprise Group in the second quarter valued at approximately $35,000. Northwest Investment Counselors LLC bought a new stake in shares of Public Service Enterprise Group in the third quarter valued at approximately $48,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Public Service Enterprise Group in the third quarter valued at approximately $59,000. Institutional investors own 73.34% of the company’s stock.

Insider Buying and Selling

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 5,900 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $87.95, for a total transaction of $518,905.00. Following the completion of the sale, the senior vice president now owns 25,829 shares of the company’s stock, valued at $2,271,660.55. This represents a 18.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tamara Louise Linde sold 9,564 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $90.61, for a total value of $866,594.04. Following the sale, the executive vice president now directly owns 48,397 shares of the company’s stock, valued at $4,385,252.17. The trade was a 16.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,798 shares of company stock worth $1,595,921. Insiders own 0.57% of the company’s stock.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.79%. Public Service Enterprise Group’s dividend payout ratio is currently 58.97%.

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.