Public Service Enterprise Group (NYSE:PEG) Issues FY 2025 Earnings Guidance

Public Service Enterprise Group (NYSE:PEG) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 4.000-4.060 for the period, compared to the consensus EPS estimate of 4.020. The company issued revenue guidance of -.

Public Service Enterprise Group Price Performance

Shares of NYSE PEG opened at $80.76 on Monday. The firm has a 50-day simple moving average of $82.12 and a 200-day simple moving average of $82.36. The stock has a market capitalization of $40.30 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. Public Service Enterprise Group has a 52 week low of $74.67 and a 52 week 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 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 earnings per share. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. On average, equities analysts predict that Public Service Enterprise Group will post 3.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PEG has been the subject of a number of recent research reports. Barclays increased their target price on shares of Public Service Enterprise Group from $82.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Wednesday, October 8th. BMO Capital Markets cut their price objective on shares of 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. Finally, Wells Fargo & Company initiated coverage on shares of Public Service Enterprise Group in a research report on Tuesday, October 28th. They set an “equal weight” rating and a $88.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

Institutional Investors Weigh In On Public Service Enterprise Group

Several hedge funds and other institutional investors have recently bought and sold shares of PEG. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Public Service Enterprise Group by 22.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,902 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 1,067 shares during the last quarter. Diversify Advisory Services LLC increased its position in shares of Public Service Enterprise Group by 23.2% during the second quarter. Diversify Advisory Services LLC now owns 4,643 shares of the utilities provider’s stock valued at $408,000 after acquiring an additional 874 shares during the last quarter. Jump Financial LLC increased its position 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. Empowered Funds LLC increased its position in shares of Public Service Enterprise Group by 10.3% during the first quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock valued at $831,000 after acquiring an additional 940 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Public Service Enterprise Group by 939.0% during the second quarter. Headlands Technologies LLC now owns 4,000 shares of the utilities provider’s stock valued at $337,000 after acquiring an additional 3,615 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

About Public Service Enterprise Group

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.