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

Public Service Enterprise Group (NYSE:PEG) updated 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 earnings per share estimate of 4.380. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PEG. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Royal Bank Of Canada started coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 target price for the company. Jefferies Financial Group decreased their price target on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. BMO Capital Markets increased their price objective on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research note on Monday, April 13th. Finally, Weiss Ratings cut shares of Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Public Service Enterprise Group has an average rating of “Moderate Buy” and an average target price of $91.25.

Public Service Enterprise Group Trading Down 0.8%

NYSE PEG traded down $0.64 on Wednesday, hitting $75.63. The company’s stock had a trading volume of 229,374 shares, compared to its average volume of 2,935,279. Public Service Enterprise Group has a 52-week low of $74.20 and a 52-week high of $88.65. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.31. The company’s 50-day simple moving average is $79.60 and its 200 day simple moving average is $80.81. The firm has a market cap of $37.69 billion, a P/E ratio of 16.73, a PEG ratio of 2.88 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Research analysts predict that Public Service Enterprise Group will post 4.37 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 59.29%.

Insider Activity

In related news, COO Kim C. Hanemann sold 3,035 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total value of $248,870.00. Following the completion of the transaction, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at $8,102,830. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $76.47, for a total transaction of $159,287.01. Following the completion of the transaction, the chief executive officer directly owned 283,656 shares of the company’s stock, valued at approximately $21,691,174.32. The trade was a 0.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,284 shares of company stock worth $736,271 in the last quarter. 0.19% of the stock is owned by corporate insiders.

Key Headlines Impacting Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: Second-quarter earnings exceeded expectations: PSEG reported EPS of $0.86, up from $0.77 a year earlier and above the $0.80 analyst consensus. The earnings beat suggests better-than-expected profitability and may provide support for PEG shares. PSEG Tops Q2 Earnings Estimates
• Positive Sentiment: Full-year guidance was reaffirmed: Management maintained its 2026 operating EPS range of $4.28 to $4.40, broadly consistent with the $4.38 consensus. PSEG also plans to file a base-rate case by year-end 2026, which could support future regulated-utility earnings and cash flow. PSEG Reaffirms Guidance and Rate Filing Plans
• Positive Sentiment: Dividend provides income support: PSEG declared a quarterly dividend of $0.67, or $2.68 annualized, representing an indicated yield of approximately 3.5%. PSEG Dividend and Insider Trading Report
• Neutral Sentiment: CEO sold a small stake under a preset plan: Ralph Larossa sold 2,083 shares for approximately $159,000 through a Rule 10b5-1 arrangement. The sale reduced his holdings by only 0.73%, making it less meaningful as an investment signal. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed and declined year over year: Quarterly revenue of $2.55 billion fell short of the $2.66 billion estimate and decreased 8.9% from the prior-year period. The top-line weakness and GAAP headwinds could offset some of the benefit from the EPS beat. PSEG Quarterly Earnings Report

Institutional Investors Weigh In On Public Service Enterprise Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEG. Boothbay Fund Management LLC purchased a new stake in shares of Public Service Enterprise Group in the 2nd quarter worth about $212,000. Caxton Associates LLP bought a new stake in Public Service Enterprise Group during the third quarter worth about $210,000. Advyzon Investment Management LLC purchased a new stake in Public Service Enterprise Group in the fourth quarter worth about $207,000. Virtue Capital Management LLC purchased a new position in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $206,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Public Service Enterprise Group by 30.8% during the third quarter. Larson Financial Group LLC now owns 2,014 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 474 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.