Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) – Analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Public Service Enterprise Group in a report issued on Wednesday, January 8th. Scotiabank analyst A. Weisel anticipates that the utilities provider will earn $4.23 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $86.00 target price on the stock. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.44 billion. Public Service Enterprise Group had a net margin of 19.48% and a return on equity of 10.70%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share.
View Our Latest Stock Report on Public Service Enterprise Group
Public Service Enterprise Group Stock Performance
NYSE PEG opened at $85.27 on Friday. Public Service Enterprise Group has a 1 year low of $56.85 and a 1 year high of $95.22. The firm has a market capitalization of $42.48 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 3.18 and a beta of 0.65. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18. The firm’s 50 day simple moving average is $87.50 and its 200 day simple moving average is $83.84.
Public Service Enterprise Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Tuesday, December 10th. Public Service Enterprise Group’s payout ratio is currently 58.97%.
Insider Transactions at Public Service Enterprise Group
In related news, SVP Richard T. Thigpen sold 5,900 shares of Public Service Enterprise Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $87.95, for a total value of $518,905.00. Following the transaction, the senior vice president now directly owns 25,829 shares of the company’s stock, valued at $2,271,660.55. The trade was a 18.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ralph A. Larossa sold 1,378 shares of the company’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 value of $117,005.98. Following the completion of the sale, the chief executive officer now owns 144,212 shares in the company, valued at $12,245,040.92. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,234 shares of company stock worth $722,037. Company insiders own 0.57% of the company’s stock.
Hedge Funds Weigh In On Public Service Enterprise Group
A number of hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Public Service Enterprise Group during the third quarter valued at $35,000. Northwest Investment Counselors LLC acquired a new position in shares of Public Service Enterprise Group in the 3rd quarter valued at about $48,000. Legacy Investment Solutions LLC bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at about $59,000. Kimelman & Baird LLC acquired a new stake in Public Service Enterprise Group during the second quarter worth approximately $66,000. Finally, Fortitude Family Office LLC increased its holdings in Public Service Enterprise Group by 325.0% in the third quarter. Fortitude Family Office LLC now owns 799 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 611 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.
Public Service Enterprise Group Company Profile
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.
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