Public Service Enterprise Group (NYSE:PEG) Releases Earnings Results, Beats Expectations By $0.11 EPS

Public Service Enterprise Group (NYSE:PEG) issued its quarterly earnings data on Monday. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11, Zacks reports. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Public Service Enterprise Group updated its FY 2025 guidance to 4.000-4.060 EPS.

Public Service Enterprise Group Stock Down 1.3%

Shares of NYSE:PEG opened at $80.77 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. Public Service Enterprise Group has a 12 month low of $74.67 and a 12 month high of $95.22. The company has a 50-day moving average price of $82.07 and a 200 day moving average price of $82.33. The company has a market cap of $40.31 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.46 and a beta of 0.55.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Public Service Enterprise Group by 37.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,921 shares of the utilities provider’s stock valued at $411,000 after acquiring an additional 1,338 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of Public Service Enterprise Group by 17.3% in the 2nd quarter. Snowden Capital Advisors LLC now owns 5,705 shares of the utilities provider’s stock valued at $480,000 after acquiring an additional 840 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Public Service Enterprise Group by 101.5% in the 2nd quarter. Lazard Asset Management LLC now owns 6,411 shares of the utilities provider’s stock valued at $539,000 after acquiring an additional 3,229 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Public Service Enterprise Group by 22.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,902 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 1,067 shares during the period. Finally, Diversify Advisory Services LLC raised its position in Public Service Enterprise Group by 23.2% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,643 shares of the utilities provider’s stock worth $408,000 after purchasing an additional 874 shares during the period. Institutional investors own 73.34% of the company’s stock.

Analyst Ratings Changes

PEG has been the subject of a number of analyst reports. Barclays increased their price target on Public Service Enterprise Group from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. UBS Group increased their price target on Public Service Enterprise Group from $97.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Evercore ISI began coverage on Public Service Enterprise Group in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $83.00 price target for the company. BMO Capital Markets dropped their price objective on shares of Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.04.

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.