FY2026 Earnings Forecast for PEG Issued By Seaport Res Ptn

Public Service Enterprise Group Incorporated (NYSE:PEG) – Stock analysts at Seaport Res Ptn dropped their FY2026 earnings per share estimates for shares of Public Service Enterprise Group in a research report issued on Sunday, November 2nd. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings per share of $4.46 for the year, down from their prior forecast of $4.51. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share. Seaport Res Ptn also issued estimates for Public Service Enterprise Group’s FY2028 earnings at $5.27 EPS.

PEG has been the subject of a number of other reports. Morgan Stanley cut their price objective on Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. BMO Capital Markets cut their price objective on Public Service Enterprise Group from $89.00 to $85.00 and set a “market perform” rating for the company in a research report on Monday, October 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Wednesday, October 8th. Evercore ISI began coverage on Public Service Enterprise Group in a research report on Tuesday, October 7th. They set an “in-line” rating and a $83.00 price objective for the company. Finally, BTIG Research began coverage on Public Service Enterprise Group in a research report on Wednesday, October 22nd. They set a “buy” rating and a $98.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.21.

Public Service Enterprise Group Stock Up 1.0%

Shares of NYSE:PEG opened at $81.36 on Tuesday. The business has a 50-day moving average price of $82.10 and a 200 day moving average price of $82.35. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $40.60 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.46 and a beta of 0.53. Public Service Enterprise Group has a 12-month low of $74.67 and a 12-month high of $95.22.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Monday, November 3rd. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the company earned $0.90 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of hedge funds and other institutional investors have recently bought and sold shares of PEG. Vontobel Holding Ltd. purchased a new position in Public Service Enterprise Group during the 1st quarter valued at about $329,000. DAVENPORT & Co LLC purchased a new position in shares of Public Service Enterprise Group in the 1st quarter valued at about $281,000. Private Trust Co. NA boosted its stake in shares of Public Service Enterprise Group by 10.1% in the 1st quarter. Private Trust Co. NA now owns 3,571 shares of the utilities provider’s stock valued at $294,000 after buying an additional 327 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of Public Service Enterprise Group by 5.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 15,165 shares of the utilities provider’s stock valued at $1,248,000 after buying an additional 788 shares during the period. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Public Service Enterprise Group in the 1st quarter valued at about $201,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.