Scotiabank Has Positive Estimate for PEG FY2025 Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Investment analysts at Scotiabank boosted their FY2025 EPS estimates for Public Service Enterprise Group in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will earn $4.02 per share for the year, up from their prior estimate of $3.99. Scotiabank currently has a “Sector Perform” rating and a $86.00 price objective on the stock. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share. Scotiabank also issued estimates for Public Service Enterprise Group’s FY2026 earnings at $4.29 EPS.

Other equities research analysts have also recently issued reports about the company. StockNews.com raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Friday, March 14th. Morgan Stanley lifted their target price on Public Service Enterprise Group from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and set a $82.50 price target on the stock. in a research report on Wednesday, March 19th. Wells Fargo & Company dropped their price objective on shares of Public Service Enterprise Group from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Guggenheim reiterated a “buy” rating and set a $98.00 target price on shares of Public Service Enterprise Group in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.65.

Public Service Enterprise Group Price Performance

Shares of PEG stock opened at $81.51 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market capitalization of $40.64 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60. The firm’s 50-day moving average is $83.41 and its two-hundred day moving average is $86.12. Public Service Enterprise Group has a 12 month low of $64.03 and a 12 month high of $95.22.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.01. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $0.54 earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Transce3nd LLC purchased a new stake in Public Service Enterprise Group in the fourth quarter valued at $25,000. Chapman Financial Group LLC purchased a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at about $25,000. REAP Financial Group LLC lifted its holdings in shares of Public Service Enterprise Group by 105.9% in the 4th quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 162 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at about $35,000. Finally, OFI Invest Asset Management purchased a new position in Public Service Enterprise Group during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $84.91, for a total transaction of $117,005.98. Following the sale, the chief executive officer now owns 144,212 shares of the company’s stock, valued at approximately $12,245,040.92. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.57% of the company’s stock.

Public Service Enterprise Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.09%. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.60. Public Service Enterprise Group’s dividend payout ratio is presently 71.19%.

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.