Seaport Res Ptn Analysts Decrease Earnings Estimates for PEG

Public Service Enterprise Group Incorporated (NYSE:PEG) – Seaport Res Ptn lowered their FY2027 EPS estimates for Public Service Enterprise Group in a note issued to investors on Sunday, November 2nd. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $4.80 for the year, down from their prior forecast of $4.88. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share.

Other equities research analysts also recently issued reports about the company. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Evercore ISI began coverage on shares of Public Service Enterprise Group in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $83.00 price target for the company. Wells Fargo & Company began coverage on shares of Public Service Enterprise Group in a research note on Tuesday, October 28th. They issued an “equal weight” rating and a $88.00 price target for the company. Morgan Stanley dropped their price target on shares of Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, BMO Capital Markets cut their target price on shares of Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.04.

Public Service Enterprise Group Stock Up 0.5%

Shares of NYSE PEG opened at $81.81 on Wednesday. Public Service Enterprise Group has a 1 year low of $74.67 and a 1 year high of $95.22. The firm has a market cap of $40.83 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.46 and a beta of 0.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.76 and a current ratio of 1.00. The stock’s 50-day simple moving average is $82.07 and its 200-day simple moving average is $82.33.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.11. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The firm’s quarterly revenue 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.

Institutional Trading of Public Service Enterprise Group

Several institutional investors have recently added to or reduced their stakes in the business. TFB Advisors LLC increased its stake in Public Service Enterprise Group by 4.8% during the second quarter. TFB Advisors LLC now owns 2,611 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 119 shares during the last quarter. HM Payson & Co. grew its position in shares of Public Service Enterprise Group by 3.3% during the 3rd quarter. HM Payson & Co. now owns 3,755 shares of the utilities provider’s stock valued at $313,000 after buying an additional 120 shares during the last quarter. Massachusetts Wealth Management grew its position in shares of Public Service Enterprise Group by 2.5% during the 2nd quarter. Massachusetts Wealth Management now owns 5,125 shares of the utilities provider’s stock valued at $431,000 after buying an additional 125 shares during the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of Public Service Enterprise Group by 2.6% during the third quarter. Transcend Capital Advisors LLC now owns 4,916 shares of the utilities provider’s stock valued at $410,000 after purchasing an additional 125 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of Public Service Enterprise Group by 0.8% during the second quarter. Apollon Wealth Management LLC now owns 15,621 shares of the utilities provider’s stock valued at $1,315,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

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.