Public Service Enterprise Group (NYSE:PEG) Releases FY 2026 Earnings Guidance

Public Service Enterprise Group (NYSE:PEG) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.280-4.400 for the period, compared to the consensus EPS estimate of 4.370. The company issued revenue guidance of -.

Public Service Enterprise Group Stock Up 0.4%

Shares of NYSE PEG opened at $80.48 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28. The company has a market cap of $40.14 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 3.02 and a beta of 0.53. Public Service Enterprise Group has a 12-month low of $76.00 and a 12-month high of $91.25. The firm’s 50-day simple moving average is $82.36 and its 200 day simple moving average is $81.69.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. During the same period in the prior year, the firm earned $1.43 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, research analysts expect that Public Service Enterprise Group will post 4.36 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 annualized dividend and a yield of 3.3%. Public Service Enterprise Group’s dividend payout ratio is currently 63.51%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Truist Financial started coverage on Public Service Enterprise Group in a research note on Tuesday, April 21st. They set a “hold” rating and a $91.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Friday, March 27th. Wells Fargo & Company upped their target price on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Argus raised shares of Public Service Enterprise Group to a “strong-buy” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.19.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total value of $169,222.92. Following the transaction, the chief executive officer owned 291,398 shares of the company’s stock, valued at approximately $23,673,173.52. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total value of $390,100.00. Following the transaction, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. This trade represents a 14.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,866 shares of company stock worth $733,587 over the last 90 days. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. State Street Corp increased its stake in Public Service Enterprise Group by 2.8% in the fourth quarter. State Street Corp now owns 28,361,198 shares of the utilities provider’s stock valued at $2,277,404,000 after purchasing an additional 762,591 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Public Service Enterprise Group by 24.7% during the second quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock worth $1,476,230,000 after purchasing an additional 3,469,886 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Public Service Enterprise Group by 9.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider’s stock valued at $674,218,000 after buying an additional 715,051 shares during the period. Invesco Ltd. grew its holdings in shares of Public Service Enterprise Group by 2.2% in the 4th quarter. Invesco Ltd. now owns 6,239,884 shares of the utilities provider’s stock valued at $501,063,000 after buying an additional 131,641 shares during the period. Finally, Northern Trust Corp increased its position in shares of Public Service Enterprise Group by 0.4% in the 4th quarter. Northern Trust Corp now owns 4,950,122 shares of the utilities provider’s stock valued at $397,495,000 after buying an additional 17,691 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

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.