Public Service Enterprise Group (NYSE:PEG) Announces FY 2026 Earnings Guidance

Public Service Enterprise Group (NYSE:PEG) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 4.280-4.400 for the period, compared to the consensus earnings per share estimate of 4.380.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Scotiabank reduced their price objective on shares of Public Service Enterprise Group from $92.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 30th. UBS Group raised their target price on shares of Public Service Enterprise Group from $99.00 to $104.00 in a research report on Thursday, July 9th. HSBC started coverage on shares of Public Service Enterprise Group in a research note on Thursday, October 22nd. They issued a “hold” rating and a $72.50 target price for the company. Finally, Jefferies Financial Group cut their price target on Public Service Enterprise Group from $73.00 to $69.00 and set a “hold” rating for the company in a report on Friday, October 9th. Eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Public Service Enterprise Group currently has an average rating of “Hold” and an average price target of $79.63.

Public Service Enterprise Group Trading Down 2.3%

Shares of PEG stock opened at $72.65 on Wednesday. The firm has a market cap of $36.21 billion, a P/E ratio of 20.52, a PEG ratio of 2.55 and a beta of 0.48. Public Service Enterprise Group has a 1-year low of $66.15 and a 1-year high of $87.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.67. The firm’s 50-day simple moving average is $71.22 and its 200-day simple moving average is $77.99.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Monday, November 2nd. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Public Service Enterprise Group had a net margin of 14.31% and a return on equity of 12.43%. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Public Service Enterprise Group’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Public Service Enterprise Group will post 4.36 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $73.60, for a total value of $153,308.80. Following the transaction, the chief executive officer owned 276,487 shares in the company, valued at approximately $20,349,443.20. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the senior vice president directly owned 20,970 shares of the company’s stock, valued at approximately $1,563,523.20. This trade represents a 27.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 12,166 shares of company stock valued at $890,350. Insiders own 0.19% of the company’s stock.

Trending Headlines about Public Service Enterprise Group

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

• Positive Sentiment: PSEG maintained its 2026 non-GAAP operating earnings guidance of $4.28–$4.40 per share, close to the $4.38 consensus. Its five-year regulated capital investment plan totals $22.5 billion–$25.5 billion, supporting longer-term growth prospects. Article: Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Wells Fargo lowered its price target to $87 from $89 but retained an Overweight rating, signaling continued confidence in the shares’ potential. Article: Wells Fargo analyst update
• Neutral Sentiment: CEO Ralph LaRossa sold 2,083 shares for about $153,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 0.75%, so its market significance may be limited. SEC filing
• Negative Sentiment: Third-quarter operating EPS of $1.15 missed analyst expectations of roughly $1.19–$1.21. Revenue of $3.02 billion also fell short of the $3.19 billion consensus and declined 6.4% year over year, despite EPS edging up from $1.13 a year earlier. Article: PSEG misses Q3 earnings and revenue estimates
• Negative Sentiment: Ladenburg Thalmann cut its price target to $75.50 from $80.50 and assigned a Neutral rating, reflecting a more cautious near-term view. Article: Ladenburg Thalmann analyst update

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.