Public Service Enterprise Group (NYSE:PEG) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Public Service Enterprise Group (NYSE:PEG) posted its quarterly earnings results on Tuesday. The utilities provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08, Briefing.com reports. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.35 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 EPS. Public Service Enterprise Group updated its FY 2026 guidance to 4.280-4.400 EPS.

Here are the key takeaways from Public Service Enterprise Group’s conference call:

• PSEG reported Q1 net income of $1.48 per share and non‑GAAP operating earnings of $1.55 per share, and is maintaining full‑year non‑GAAP guidance of $4.28–$4.40 per share while reaffirming a 6%–8% non‑GAAP earnings CAGR through 2030.
• Utility and nuclear operations delivered strong reliability during an extreme winter (most outages restored within 24 hours) and PSEG remains on track with ~$4.2 billion 2026 CapEx and a five‑year regulated capital plan of $22.5–$25.5 billion to support rate‑base growth.
• PSEG highlighted robust nuclear performance (Salem Unit 2 capacity factor 95.5%) and is pursuing NRC license extensions, potential uprates, and development of new nuclear at its Salem site after the state moratorium lift, but outcomes depend on state and federal support and further approvals.
• A FERC order reallocating PJM transmission costs — if implemented — is estimated to produce >$100 million in refunds to PSEG customers, and the company is actively monitoring PJM’s proposed reliability backstop procurement to protect customers from unfavorable cost allocations.
• Financially PSEG ended March with about $3.9 billion liquidity, extended $3.75 billion of revolvers to 2031, issued longer‑dated MTNs, keeps limited variable‑rate exposure, and the board raised the 2026 indicative annual dividend to $2.68 (≈6% increase, 15th consecutive annual raise).

Public Service Enterprise Group Stock Up 0.7%

Shares of Public Service Enterprise Group stock traded up $0.57 on Tuesday, reaching $81.02. The stock had a trading volume of 776,320 shares, compared to its average volume of 2,809,838. The company has a 50 day moving average price of $82.36 and a 200 day moving average price of $81.69. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group has a 1 year low of $76.00 and a 1 year high of $91.25. The stock has a market capitalization of $40.41 billion, a P/E ratio of 19.21, a P/E/G ratio of 3.02 and a beta of 0.53.

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. Public Service Enterprise Group’s payout ratio is presently 63.51%.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total value of $169,222.92. Following the sale, the chief executive officer directly owned 291,398 shares of the company’s stock, valued at $23,673,173.52. This represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 28,481 shares in the company, valued at $2,363,923. This trade represents a 14.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,866 shares of company stock valued at $733,587 over the last quarter. 0.19% of the stock is owned by company insiders.

Institutional Trading of Public Service Enterprise Group

Several large investors have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in shares of Public Service Enterprise Group by 2.2% in the 4th quarter. Invesco Ltd. now owns 6,239,884 shares of the utilities provider’s stock valued at $501,063,000 after acquiring an additional 131,641 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Public Service Enterprise Group by 3.8% in the 4th quarter. Corient Private Wealth LLC now owns 205,529 shares of the utilities provider’s stock valued at $16,264,000 after acquiring an additional 7,432 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Public Service Enterprise Group by 2.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 132,806 shares of the utilities provider’s stock valued at $10,664,000 after acquiring an additional 3,128 shares during the last quarter. Summit Global Investments purchased a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at $471,000. Finally, Virtue Capital Management LLC purchased a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at $206,000. 73.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. Jefferies Financial Group downgraded shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating and cut their target price for the company from $90.00 to $89.00 in a research report on Wednesday, April 15th. JPMorgan Chase & Co. raised their target price on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Barclays raised their target price on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Finally, Scotiabank reissued a “sector perform” rating and set a $92.00 target price on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Public Service Enterprise Group has an average rating of “Moderate Buy” and a consensus target price of $93.19.

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.