Public Service Enterprise Group (NYSE:PEG) Posts Earnings Results

Public Service Enterprise Group (NYSE:PEG) released its earnings results on Tuesday. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06, Zacks reports. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.46%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the business earned $0.77 earnings per share. The business’s revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group updated its FY 2026 guidance to 4.280-4.400 EPS.

Here are the key takeaways from Public Service Enterprise Group’s conference call:

• PSEG reaffirmed its 2026 non-GAAP operating earnings guidance of $4.28–$4.40 per share and its 6%–8% annual earnings growth outlook through 2030, supported by ongoing utility investment and power-market opportunities.
• PSE&G’s utility earnings rose year over year as infrastructure modernization and energy-efficiency investments drove results. The company plans approximately $4.2 billion of regulated capital spending in 2026 and expects to file a base-rate case by year-end to support recovery of its expanding rate base.
• PSEG Power benefited from higher realized market prices, increased nuclear generation and stronger gas operations; its nuclear fleet achieved a 92% capacity factor. PJM’s elevated capacity prices and New Jersey’s new nuclear procurement law could create additional long-term opportunities, although new nuclear development remains a lengthy and risk-sensitive process.
• The company highlighted successful restoration of approximately 380,000 customers after severe July storms, with nearly all restored within 24 hours, as well as more than $1 billion in annual customer savings from its Clean Energy Future programs. PSEG also expects a prospective transmission cost-allocation change to provide about $65 million of annual customer benefits.
• PSEG reported second-quarter GAAP earnings of $0.67 per share, down from $1.17 a year earlier, while non-GAAP operating earnings increased to $0.86 from $0.77. Management also noted a potential future annual headwind of approximately $40 million from the loss of a transmission incentive beginning in 2027.

Public Service Enterprise Group Stock Performance

Shares of NYSE PEG traded down $0.13 during trading on Thursday, reaching $75.41. 815,940 shares of the company traded hands, compared to its average volume of 2,938,921. The firm has a 50 day simple moving average of $79.51 and a 200-day simple moving average of $80.78. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $37.58 billion, a PE ratio of 18.79, a P/E/G ratio of 2.87 and a beta of 0.51. Public Service Enterprise Group has a 52-week low of $74.20 and a 52-week high of $88.65.

Public Service Enterprise Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 annualized dividend and a yield of 3.6%. Public Service Enterprise Group’s dividend payout ratio is currently 59.29%.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, COO Kim C. Hanemann sold 3,035 shares of Public Service Enterprise Group stock in a transaction that occurred on 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 sale, the chief operating officer owned 98,815 shares of the company’s stock, valued at approximately $8,102,830. The trade was a 2.98% 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, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $76.47, for a total transaction of $159,287.01. Following the sale, the chief executive officer owned 283,656 shares of the company’s stock, valued at approximately $21,691,174.32. This represents a 0.73% decrease in their ownership of the stock. 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 have sold 9,284 shares of company stock valued at $736,271 over the last three months. 0.19% of the stock is owned by corporate insiders.

Institutional Trading of Public Service Enterprise Group

Several large investors have recently modified their holdings of PEG. Chapman Financial Group LLC bought a new position in Public Service Enterprise Group in the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at about $54,000. DV Equities LLC purchased a new stake in shares of Public Service Enterprise Group during the 4th quarter valued at about $56,000. Quarry LP bought a new position in shares of Public Service Enterprise Group in the 3rd quarter worth approximately $65,000. Finally, Zions Bancorporation National Association UT lifted its stake in shares of Public Service Enterprise Group by 379.8% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,070 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 847 shares during the period. Institutional investors own 73.34% of the company’s stock.

Analyst Ratings Changes

PEG has been the subject of a number of analyst reports. Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a research report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price objective for the company. Jefferies Financial Group cut their target price 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. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets lifted their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research report on Monday, April 13th. Finally, Citigroup decreased their target price on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.63.

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.