Public Service Enterprise Group (NYSE:PEG) Releases Earnings Results, Beats Expectations By $0.06 EPS

Public Service Enterprise Group (NYSE:PEG) posted its earnings results on Tuesday. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06, Zacks reports. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The firm’s revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. Public Service Enterprise Group updated its FY 2026 guidance to 4.280-4.400 EPS.

Public Service Enterprise Group Stock Down 1.2%

Shares of PEG stock traded down $0.91 during trading hours on Tuesday, hitting $75.72. 2,200,547 shares of the company’s stock traded hands, compared to its average volume of 2,918,752. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. The stock’s fifty day simple moving average is $79.67 and its two-hundred day simple moving average is $80.82. Public Service Enterprise Group has a 12-month low of $74.20 and a 12-month high of $91.25. The stock has a market cap of $37.73 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.89 and a beta of 0.51.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 59.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BMO Capital Markets upped their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research report on Monday, April 13th. Jefferies Financial Group cut their price objective on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada started coverage on Public Service Enterprise Group in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 target price on the stock. Weiss Ratings lowered Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Wells Fargo & Company cut their price target on shares of Public Service Enterprise Group from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Public Service Enterprise Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.25.

Insider Activity at Public Service Enterprise Group

In related news, COO Kim C. Hanemann sold 3,035 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total value of $248,870.00. Following the sale, the chief operating officer owned 98,815 shares in the company, valued at $8,102,830. This represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $80.51, for a total value of $167,702.33. Following the transaction, the chief executive officer directly owned 285,149 shares of the company’s stock, valued at approximately $22,957,345.99. This trade represents a 0.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,201 shares of company stock worth $576,984 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Public Service Enterprise Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chapman Financial Group LLC purchased a new stake in Public Service Enterprise Group during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Public Service Enterprise Group in the third quarter worth $54,000. DV Equities LLC bought a new position in shares of Public Service Enterprise Group during the fourth quarter valued at $56,000. Quarry LP bought a new position in shares of Public Service Enterprise Group during the third quarter valued at $65,000. Finally, Zions Bancorporation National Association UT boosted its position in shares of Public Service Enterprise Group by 379.8% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,070 shares of the utilities provider’s stock valued at $86,000 after buying an additional 847 shares during the last quarter. 73.34% of the stock is owned by institutional investors.

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.