FY2025 Earnings Estimate for Public Service Enterprise Group Incorporated (NYSE:PEG) Issued By Seaport Res Ptn

Public Service Enterprise Group Incorporated (NYSE:PEG) – Seaport Res Ptn increased their FY2025 earnings per share estimates for shares of Public Service Enterprise Group in a note issued to investors on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $4.40 per share for the year, up from their prior estimate of $4.05. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.66 per share. Seaport Res Ptn also issued estimates for Public Service Enterprise Group’s FY2026 earnings at $4.66 EPS.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company upped their price target on shares of Public Service Enterprise Group from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Royal Bank of Canada upped their price objective on shares of 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. Barclays upped their price objective on shares of Public Service Enterprise Group from $68.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Guggenheim cut shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Monday, January 22nd. Finally, Bank of America upped their price objective on shares of Public Service Enterprise Group from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $67.15.

Public Service Enterprise Group Trading Down 0.4 %

Shares of PEG stock traded down $0.26 on Friday, reaching $67.83. 224,523 shares of the stock were exchanged, compared to its average volume of 2,808,520. The firm has a 50 day moving average of $64.48 and a two-hundred day moving average of $62.22. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 1.15. Public Service Enterprise Group has a 1-year low of $53.71 and a 1-year high of $68.31. The stock has a market cap of $33.82 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 2.94 and a beta of 0.58.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.45 billion. Public Service Enterprise Group had a return on equity of 11.53% and a net margin of 22.81%. Public Service Enterprise Group’s revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS.

Institutional Trading of Public Service Enterprise Group

Several institutional investors have recently made changes to their positions in PEG. Vanguard Group Inc. boosted its position in shares of Public Service Enterprise Group by 13.0% during 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 in the last quarter. Norges Bank acquired a new position in Public Service Enterprise Group in the fourth quarter valued at about $215,074,000. Hsbc Holdings PLC boosted its position in Public Service Enterprise Group by 118.1% in the third quarter. Hsbc Holdings PLC now owns 1,364,088 shares of the utilities provider’s stock valued at $77,544,000 after buying an additional 738,684 shares in the last quarter. Assetmark Inc. boosted its position in Public Service Enterprise Group by 562.8% in the third quarter. Assetmark Inc. now owns 869,856 shares of the utilities provider’s stock valued at $49,504,000 after buying an additional 738,619 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Public Service Enterprise Group by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 33,020,997 shares of the utilities provider’s stock valued at $1,879,225,000 after buying an additional 726,613 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ralph A. Larossa sold 1,374 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $66.37, for a total transaction of $91,192.38. Following the transaction, the chief executive officer now owns 152,347 shares in the company, valued at approximately $10,111,270.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ralph A. Larossa sold 1,374 shares of Public Service Enterprise Group stock in a transaction on Monday, April 1st. The shares were sold at an average price of $66.37, for a total value of $91,192.38. Following the transaction, the chief executive officer now owns 152,347 shares in the company, valued at approximately $10,111,270.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Richard T. Thigpen sold 4,800 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $64.18, for a total transaction of $308,064.00. Following the completion of the sale, the senior vice president now owns 31,122 shares in the company, valued at $1,997,409.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,948 shares of company stock worth $511,814. 0.57% of the stock is owned by corporate insiders.

Public Service Enterprise Group Announces Dividend

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 issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.54%. Public Service Enterprise Group’s dividend payout ratio is currently 46.78%.

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.