Public Service Enterprise Group (NYSE:PEG) Updates FY 2026 Earnings Guidance
by Renee Jackson · The Cerbat GemPublic Service Enterprise Group (NYSE:PEG – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.280-4.400 for the period, compared to the consensus estimate of 4.370. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Public Service Enterprise Group from $96.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday. Scotiabank reaffirmed a “sector perform” rating and set a $92.00 price target on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. Barclays lifted their price objective on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Evercore raised shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective for the company in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.42.
View Our Latest Analysis on Public Service Enterprise Group
Public Service Enterprise Group Price Performance
Public Service Enterprise Group stock traded down $0.63 during trading hours on Wednesday, reaching $79.10. 765,431 shares of the stock were exchanged, compared to its average volume of 2,810,110. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group has a twelve month low of $76.00 and a twelve month high of $91.25. The company has a market cap of $39.45 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 3.03 and a beta of 0.53. The stock has a 50 day moving average of $82.25 and a two-hundred day moving average of $81.66.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Equities analysts expect that Public Service Enterprise Group will post 4.36 EPS for the current fiscal year.
Public Service Enterprise Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 annualized dividend and a yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 63.51%.
Insider Activity
In related news, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the sale, the senior vice president directly owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $81.21, for a total transaction of $169,160.43. Following the transaction, the chief executive officer owned 289,315 shares of the company’s stock, valued at approximately $23,495,271.15. This represents a 0.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 10,949 shares of company stock valued at $902,747. Insiders own 0.19% of the company’s stock.
Key Headlines Impacting Public Service Enterprise Group
Here are the key news stories impacting Public Service Enterprise Group this week:
- Positive Sentiment: Q1 beat — PEG reported $1.55 EPS (above estimates) and revenue of $3.85B (up 19.4% y/y); operating income rose to roughly $1.08B, supporting near-term cash flow and dividend coverage. Market release
- Positive Sentiment: Weather-driven demand helped results — Management said an extreme winter storm lifted electric and gas volumes, contributing to the beat (a one-time boost but confirms rateable utility demand resilience). Reuters
- Positive Sentiment: Analyst upgrade/target lift — Wells Fargo raised its price target to $97 and kept an “overweight” stance (~22% upside from recent levels), which can support investor interest. TickerReport
- Neutral Sentiment: FY‑2026 guidance largely in line — PEG set full‑year operating EPS guidance of $4.28–$4.40 (close to consensus ~4.37); guidance reduces near-term surprise potential. MarketBeat
- Neutral Sentiment: Large regulated capex plan — Management outlined $22.5B–$25.5B of regulated capex through 2030; this supports long‑term rate base growth but raises near‑term funding and execution risk. MSN
- Neutral Sentiment: Earnings call materials available — Transcripts and slides provide color on rate cases, storm timing, and volume drivers; useful for assessing sustainability of the beat. Seeking Alpha
- Negative Sentiment: Insider sale — CEO Ralph Larossa sold 2,083 shares under a pre‑arranged Rule 10b5‑1 plan (small relative to his holdings); routine but some investors view insider selling as a mild negative. SEC filing
Institutional Investors Weigh In On Public Service Enterprise Group
Hedge funds have recently modified their holdings of the company. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Public Service Enterprise Group during the third quarter worth about $54,000. DV Equities LLC bought a new stake in shares of Public Service Enterprise Group during the fourth quarter worth about $56,000. Quarry LP acquired a new position in shares of Public Service Enterprise Group in the third quarter valued at approximately $65,000. Finally, Zions Bancorporation National Association UT raised its holdings in Public Service Enterprise Group by 379.8% in the 4th 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. Institutional investors and hedge funds own 73.34% of the company’s stock.
Public Service Enterprise Group Company Profile
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.