Equities Analysts Offer Predictions for PEG FY2025 Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Research analysts at Scotiabank raised their FY2025 earnings estimates for shares of Public Service Enterprise Group in a research note issued on Friday, January 23rd. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings per share of $4.04 for the year, up from their prior forecast of $4.02. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share.

Several other equities analysts have also issued reports on PEG. Evercore ISI started coverage on Public Service Enterprise Group in a research report on Tuesday, October 7th. They set an “in-line” rating and a $83.00 price target on the stock. BTIG Research began coverage on shares of Public Service Enterprise Group in a report on Wednesday, October 22nd. They issued a “buy” rating and a $98.00 target price on the stock. UBS Group decreased their target price on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. BMO Capital Markets dropped their price target on shares of Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating for the company in a research report on Tuesday, November 4th. Finally, Argus raised shares of Public Service Enterprise Group to a “strong-buy” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.96.

Public Service Enterprise Group Trading Down 1.4%

NYSE PEG opened at $78.28 on Monday. Public Service Enterprise Group has a 1-year low of $74.67 and a 1-year high of $91.25. The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 1.27. The stock has a 50-day moving average of $80.21 and a 200-day moving average of $82.32. The firm has a market cap of $39.07 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.54 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Monday, November 3rd. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. Public Service Enterprise Group had a net margin of 17.77% and a return on equity of 12.62%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $2.52 annualized dividend and a yield of 3.2%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 60.58%.

Insider Activity at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 4,920 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $82.33, for a total value of $405,063.60. Following the sale, the senior vice president directly owned 26,134 shares of the company’s stock, valued at $2,151,612.22. This represents a 15.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PEG. Empowered Funds LLC increased its stake in shares of Public Service Enterprise Group by 10.3% during the first quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock valued at $831,000 after purchasing an additional 940 shares in the last quarter. Woodline Partners LP grew its stake in shares of Public Service Enterprise Group by 40.7% in the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after buying an additional 12,172 shares during the last quarter. Ballentine Partners LLC increased its position in Public Service Enterprise Group by 15.3% during the 2nd quarter. Ballentine Partners LLC now owns 3,406 shares of the utilities provider’s stock valued at $287,000 after buying an additional 452 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Public Service Enterprise Group by 2.9% during the second quarter. Perigon Wealth Management LLC now owns 7,683 shares of the utilities provider’s stock valued at $647,000 after buying an additional 218 shares during the last quarter. Finally, CX Institutional raised its stake in Public Service Enterprise Group by 18.7% during the second quarter. CX Institutional now owns 3,297 shares of the utilities provider’s stock valued at $278,000 after buying an additional 520 shares during the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

About Public Service Enterprise Group

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.