Seaport Res Ptn Analysts Decrease Earnings Estimates for PEG

Public Service Enterprise Group Incorporated (NYSE:PEG) – Equities researchers at Seaport Res Ptn cut their FY2027 earnings estimates for shares of Public Service Enterprise Group in a research note issued to investors on Sunday, November 2nd. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $4.80 per share for the year, down from their previous estimate of $4.88. 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 Monday, November 3rd. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS.

A number of other research analysts have also issued reports on PEG. Barclays upped their target price on shares of Public Service Enterprise Group from $82.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Evercore ISI began coverage on shares of Public Service Enterprise Group in a research note on Tuesday, October 7th. They set an “in-line” rating and a $83.00 price objective on the stock. BTIG Research began coverage on Public Service Enterprise Group in a research note on Wednesday, October 22nd. They set a “buy” rating and a $98.00 price target on the stock. Wells Fargo & Company began coverage on Public Service Enterprise Group in a research note on Tuesday, October 28th. They set an “equal weight” rating and a $88.00 price target on the stock. Finally, BMO Capital Markets reduced their price target on Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.04.

Public Service Enterprise Group Price Performance

PEG stock opened at $81.81 on Wednesday. The firm has a market cap of $40.83 billion, a P/E ratio of 20.66, a PEG ratio of 2.46 and a beta of 0.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.76 and a current ratio of 1.00. The stock’s 50 day moving average price is $82.07 and its 200 day moving average price is $82.33. Public Service Enterprise Group has a 1 year low of $74.67 and a 1 year high of $95.22.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $25,000. Chapman Financial Group LLC purchased a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $25,000. Keener Financial Planning LLC purchased a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $27,000. Cedar Mountain Advisors LLC purchased a new position in Public Service Enterprise Group in the third quarter valued at about $27,000. Finally, GoalVest Advisory LLC raised its position in Public Service Enterprise Group by 166.7% in the second quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

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.