KeyCorp Has Negative Estimate for PEG Q2 Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Equities researchers at KeyCorp decreased their Q2 2026 earnings per share estimates for shares of Public Service Enterprise Group in a report released on Wednesday, July 22nd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $0.72 per share for the quarter, down from their previous forecast of $0.80. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $4.37 per share. KeyCorp also issued estimates for Public Service Enterprise Group’s Q3 2026 earnings at $1.14 EPS, Q4 2026 earnings at $0.94 EPS, FY2026 earnings at $4.35 EPS, FY2027 earnings at $4.68 EPS, FY2029 earnings at $5.35 EPS and FY2030 earnings at $5.75 EPS.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.44 by $0.11. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.35 billion. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. Public Service Enterprise Group’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Public Service Enterprise Group from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank Of Canada assumed coverage on Public Service Enterprise Group in a research report on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 price objective on the stock. Weiss Ratings downgraded Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BMO Capital Markets lifted their target price on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Public Service Enterprise Group currently has an average rating of “Moderate Buy” and an average price target of $91.25.

Public Service Enterprise Group Trading Up 0.1%

Shares of NYSE PEG opened at $79.83 on Friday. The firm’s 50 day moving average price is $79.74 and its 200-day moving average price is $80.83. The company has a market cap of $39.78 billion, a PE ratio of 17.66, a P/E/G ratio of 3.00 and a beta of 0.51. Public Service Enterprise Group has a 52-week low of $76.05 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97.

Institutional Trading of Public Service Enterprise Group

Hedge funds have recently bought and sold shares of the stock. Entropy Technologies LP lifted its stake in shares of Public Service Enterprise Group by 115.6% during the 4th quarter. Entropy Technologies LP now owns 24,717 shares of the utilities provider’s stock valued at $1,985,000 after buying an additional 13,253 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Public Service Enterprise Group by 26.3% in the 1st quarter. Kestra Advisory Services LLC now owns 69,089 shares of the utilities provider’s stock worth $5,593,000 after buying an additional 14,406 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Public Service Enterprise Group by 120.0% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 63,102 shares of the utilities provider’s stock worth $5,108,000 after buying an additional 34,415 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in Public Service Enterprise Group by 38.0% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,946,512 shares of the utilities provider’s stock worth $156,305,000 after buying an additional 536,363 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC raised its holdings in Public Service Enterprise Group by 135.2% during the first quarter. Elevation Point Wealth Partners LLC now owns 21,693 shares of the utilities provider’s stock valued at $1,756,000 after acquiring an additional 12,468 shares during the period. Institutional investors own 73.34% of the company’s stock.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $80.51, for a total value of $167,702.33. Following the completion of the sale, the chief executive officer owned 285,149 shares of the company’s stock, valued at approximately $22,957,345.99. The trade was a 0.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kim C. Hanemann sold 3,035 shares of Public Service Enterprise Group stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total value of $248,870.00. Following the completion of the sale, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at $8,102,830. The trade was a 2.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,284 shares of company stock worth $746,145 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Public Service Enterprise Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio is 59.29%.

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.