Zacks Research Has Bearish Estimate for PEG Q2 Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Zacks Research reduced their Q2 2025 earnings estimates for Public Service Enterprise Group in a research note issued on Tuesday, July 1st. Zacks Research analyst R. Department now expects that the utilities provider will earn $0.72 per share for the quarter, down from their previous forecast of $0.75. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share. Zacks Research also issued estimates for Public Service Enterprise Group’s FY2025 earnings at $3.99 EPS, Q1 2026 earnings at $1.40 EPS, Q2 2026 earnings at $0.85 EPS, FY2026 earnings at $4.12 EPS and Q1 2027 earnings at $1.45 EPS.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.43. Public Service Enterprise Group had a net margin of 17.01% and a return on equity of 11.80%. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the business posted $1.31 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Public Service Enterprise Group from $86.00 to $83.00 and set a “market perform” rating on the stock in a research note on Thursday, April 10th. Guggenheim dropped their price objective on shares of Public Service Enterprise Group from $98.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Wall Street Zen cut shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Evercore ISI lowered their price target on shares of Public Service Enterprise Group from $99.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, Barclays cut their price objective on Public Service Enterprise Group from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $89.54.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock opened at $81.69 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 1.25. The stock has a market cap of $40.76 billion, a PE ratio of 22.32, a P/E/G ratio of 2.91 and a beta of 0.48. Public Service Enterprise Group has a 12-month low of $73.72 and a 12-month high of $95.22. The business’s 50-day moving average price is $80.43 and its two-hundred day moving average price is $82.25.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of institutional investors have recently modified their holdings of PEG. Norges Bank acquired a new position in Public Service Enterprise Group in the fourth quarter valued at $445,005,000. Raymond James Financial Inc. bought a new position in shares of Public Service Enterprise Group in the 4th quarter worth about $376,209,000. Vanguard Group Inc. lifted its stake in shares of Public Service Enterprise Group by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 63,761,676 shares of the utilities provider’s stock valued at $5,247,586,000 after purchasing an additional 2,986,646 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Public Service Enterprise Group by 604.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,004,100 shares of the utilities provider’s stock valued at $169,404,000 after purchasing an additional 1,719,614 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Public Service Enterprise Group by 234.1% during the 4th quarter. Schroder Investment Management Group now owns 2,117,411 shares of the utilities provider’s stock valued at $178,900,000 after purchasing an additional 1,483,662 shares in the last quarter. 73.34% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ralph A. Larossa sold 1,387 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $83.12, for a total value of $115,287.44. Following the sale, the chief executive officer directly owned 218,328 shares in the company, valued at $18,147,423.36. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by company insiders.

Public Service Enterprise Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were paid a $0.63 dividend. The ex-dividend date was Monday, June 9th. This represents a $2.52 annualized dividend and a dividend yield of 3.09%. Public Service Enterprise Group’s payout ratio is 68.85%.

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.