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

Public Service Enterprise Group (NYSE:PEG) issued its quarterly earnings data on Thursday. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01, Briefing.com reports. Public Service Enterprise Group had a return on equity of 12.16% and a net margin of 17.35%.The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the prior year, the firm earned $0.84 EPS. The company’s revenue for the quarter was up 18.3% 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 reported 2025 non-GAAP operating earnings of $4.05 per share and gave 2026 guidance of $4.28–$4.40 (midpoint ≈ +7%), while raising the annualized dividend to $2.68 (≈ +6%).
• Management bumped the 2026–2030 capital plan to $24–$28 billion with over 90% focused on regulated investments, supporting a 6%–7.5% rate‑base CAGR and stated funding without issuing equity or selling assets.
• Operational resilience was emphasized — PSE&G performed well through extreme weather, won multiple reliability awards, reduced methane emissions >30% from 2018, and PSEG Nuclear ran at a 91.2% capacity factor producing ~30.9 TWh in 2025.
• PSEG Power results were mixed (Q4 loss vs. FY net income $366M); Zero Emission Certificates have concluded, the company is ~95% hedged for 2026 and does not expect to book nuclear PTCs given current market prices, while Hope Creek’s shift to a 24‑month refuel cycle should raise future output and lower O&M.
• Regulatory and legislative activity could alter the supply mix — a BGS auction will cut residential electric bills ~1.8% from June 1, and executive orders/bills could enable new gas, nuclear procurement programs and ~3,000 MW of community solar/battery storage, but outcomes and financial impacts remain uncertain.

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG opened at $85.98 on Friday. Public Service Enterprise Group has a 52 week low of $74.67 and a 52 week high of $91.25. The company has a market cap of $42.92 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.78 and a beta of 0.59. The business has a fifty day simple moving average of $81.49 and a 200-day simple moving average of $81.91. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s dividend payout ratio (DPR) is 60.58%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEG. Weiss Ratings restated a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Monday, December 29th. UBS Group lowered their price target on Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. BMO Capital Markets lowered their price objective on Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 4th. Barclays lowered their target price on shares of Public Service Enterprise Group from $87.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group raised Public Service Enterprise Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $89.00 to $90.00 in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its position in Public Service Enterprise Group by 2.2% during the fourth 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. Corient Private Wealth LLC increased its holdings in shares of Public Service Enterprise Group by 3.8% in the 4th quarter. Corient Private Wealth LLC now owns 205,529 shares of the utilities provider’s stock valued at $16,264,000 after purchasing an additional 7,432 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Public Service Enterprise Group by 2.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 132,806 shares of the utilities provider’s stock valued at $10,664,000 after purchasing an additional 3,128 shares during the period. Summit Global Investments acquired a new stake in shares of Public Service Enterprise Group during the fourth quarter worth approximately $471,000. Finally, Virtue Capital Management LLC purchased a new position in Public Service Enterprise Group during the fourth quarter valued at approximately $206,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

More Public Service Enterprise Group News

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

• Positive Sentiment: Broker upgrade and higher price target: Wells Fargo raised its PEG price target from $92 to $94 and moved the stock to “overweight,” signaling ~9% upside from recent levels. Benzinga: Wells Fargo price target raise
• Positive Sentiment: Dividend increase and shareholder-friendly action: PSEG declared a $0.67 quarterly dividend (annualized ~$2.68), a ~6% raise and the company’s 15th consecutive increase — supports the stock’s income appeal and contributes to yield (~3.1%). PR Newswire: PSEG Increases 2026 Common Stock Dividend
• Positive Sentiment: Q4 results beat and revenue growth: Q4 EPS of $0.72 topped consensus by $0.01 and revenue of $2.92B beat estimates, with revenue up ~18% YoY — positive near-term operational signal. MarketBeat: Q4 results
• Positive Sentiment: Longer-term growth via higher capex and rate-base guidance: PSEG raised its 5-year regulated capital plan to $22.5–$25.5B and reiterated multi-year rate-base CAGR targets, supporting future regulated earnings growth. PR Newswire: PSEG announces 2025 results
• Neutral Sentiment: FY-2026 EPS guidance roughly in line/slightly soft: Management set 2026 EPS guidance at $4.28–$4.40 vs. consensus ~4.39 — close to expectations but leaves little margin for upside. PSEG FY-2026 guidance (press release)
• Negative Sentiment: Profit forecast below some estimates amid higher spending: Reuters highlights that PSEG’s 2026 profit outlook was below some analyst estimates even as the company raised its spending plan — a combination that can pressure near-term margins and investor expectations. Reuters: PSEG forecasts 2026 profit below estimates

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.