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

Public Service Enterprise Group (NYSE:PEG) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.280-4.400 for the period, compared to the consensus estimate of 4.390. The company issued revenue guidance of -.

Analyst Ratings Changes

Several analysts have commented on PEG shares. UBS Group decreased their price objective on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Wells Fargo & Company upgraded shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $88.00 to $92.00 in a research report on Tuesday, January 20th. BMO Capital Markets lowered their price target on shares of Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating on the stock in a report on Tuesday, November 4th. TD Cowen increased their price target on Public Service Enterprise Group from $93.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Barclays decreased their price objective on Public Service Enterprise Group from $87.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.96.

Public Service Enterprise Group Price Performance

NYSE:PEG opened at $86.19 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 1.27. Public Service Enterprise Group has a 52 week low of $74.67 and a 52 week high of $91.25. The stock’s 50-day moving average price is $81.27 and its 200-day moving average price is $81.88. The stock has a market capitalization of $43.02 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Public Service Enterprise Group had a return on equity of 12.62% and a net margin of 17.77%.The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. Public Service Enterprise Group’s revenue for the quarter was up 18.3% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities analysts expect that Public Service Enterprise Group will post 3.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Public Service Enterprise Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEG. Empowered Funds LLC raised its position in shares of Public Service Enterprise Group by 10.3% during the 1st quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock worth $831,000 after purchasing an additional 940 shares during the last quarter. Woodline Partners LP increased its stake in Public Service Enterprise Group by 40.7% during the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after buying an additional 12,172 shares in the last quarter. Cresset Asset Management LLC raised its holdings in shares of Public Service Enterprise Group by 27.6% during the second quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider’s stock valued at $405,000 after acquiring an additional 1,040 shares during the last quarter. Jump Financial LLC raised its holdings in shares of Public Service Enterprise Group by 70.4% during the second quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider’s stock valued at $1,070,000 after acquiring an additional 5,250 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Public Service Enterprise Group by 3.0% in the second quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider’s stock valued at $4,785,000 after acquiring an additional 1,649 shares in the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Company Profile

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.