Public Service Enterprise Group (NYSE:PEG) Issues Quarterly Earnings Results

Public Service Enterprise Group (NYSE:PEG) released its quarterly earnings results on Thursday. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01, Briefing.com reports. Public Service Enterprise Group had a return on equity of 12.62% and a net margin of 17.77%.The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. 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 2025 non-GAAP operating earnings of $4.05 per share and gave 2026 guidance of $4.28–$4.40 (midpoint ≈ +7%), while raising the annualized dividend to $2.68 (≈ +6%).
• Management bumped the 2026–2030 capital plan to $24–$28 billion with over 90% focused on regulated investments, supporting a 6%–7.5% rate‑base CAGR and stated funding without issuing equity or selling assets.
• Operational resilience was emphasized — PSE&G performed well through extreme weather, won multiple reliability awards, reduced methane emissions >30% from 2018, and PSEG Nuclear ran at a 91.2% capacity factor producing ~30.9 TWh in 2025.
• PSEG Power results were mixed (Q4 loss vs. FY net income $366M); Zero Emission Certificates have concluded, the company is ~95% hedged for 2026 and does not expect to book nuclear PTCs given current market prices, while Hope Creek’s shift to a 24‑month refuel cycle should raise future output and lower O&M.
• Regulatory and legislative activity could alter the supply mix — a BGS auction will cut residential electric bills ~1.8% from June 1, and executive orders/bills could enable new gas, nuclear procurement programs and ~3,000 MW of community solar/battery storage, but outcomes and financial impacts remain uncertain.

Public Service Enterprise Group Stock Down 0.2%

Shares of PEG stock traded down $0.20 during trading hours on Thursday, hitting $85.77. 4,046,192 shares of the company were exchanged, compared to its average volume of 2,609,682. The stock has a market capitalization of $42.81 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.78 and a beta of 0.59. Public Service Enterprise Group has a one year low of $74.67 and a one year high of $91.25. The business’s 50-day simple moving average is $81.27 and its two-hundred day simple moving average is $81.88. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.69 and a current ratio of 0.93.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of institutional investors have recently made changes to their positions in PEG. Chapman Financial Group LLC bought a new position in Public Service Enterprise Group during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Public Service Enterprise Group in the 3rd quarter worth about $54,000. DV Equities LLC acquired a new position in shares of Public Service Enterprise Group in the 4th quarter valued at about $56,000. Quarry LP bought a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at about $65,000. Finally, Zions Bancorporation National Association UT raised its stake in Public Service Enterprise Group by 379.8% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,070 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 847 shares during the period. 73.34% of the stock is currently owned by institutional investors.

Public Service Enterprise Group News Summary

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: PSEG raised its quarterly dividend ~6% to an annualized $2.68 (15th consecutive increase) — a cash-return action that supports income investors. Read More.
• Positive Sentiment: Revenue beat and operational strength: Q4 revenue rose ~18% Y/Y to $2.92B and the company marginally beat EPS consensus ($0.72 vs $0.71), showing demand growth in electric and gas volumes. Read More.
• Positive Sentiment: Management raised its 5‑year regulated capital spending plan to $22.5B–$25.5B and extended a higher rate-base CAGR (6%–7.5%), and it set a new long‑term non‑GAAP operating earnings growth target of 6%–8% — supportive for regulated earnings growth. Read More.
• Neutral Sentiment: PSEG provided FY‑2026 EPS guidance of $4.28–$4.40 (initiated), which implies growth versus 2025 but has a midpoint slightly below some analysts’ consensus — guidance is constructive but not clearly bullish. Read More.
• Negative Sentiment: Earnings mix is mixed: Q4 non‑GAAP EPS of $0.72 is lower than last year’s $0.84, and while the EPS beat consensus, the year‑over‑year EPS decline and reconciling items may concern investors focusing on profitability trends. Read More.
• Negative Sentiment: Market reaction appears driven by the mixed read — strong top‑line and capital plans vs. below‑expected near‑term EPS trajectory — producing downward pressure on the stock despite shareholder-friendly moves. Read More.

Wall Street Analyst Weigh In

PEG has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded shares of Public Service Enterprise Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $88.00 to $92.00 in a report on Tuesday, January 20th. TD Cowen lifted their target price on Public Service Enterprise Group from $93.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Scotiabank restated a “sector perform” rating and issued a $92.00 price objective on shares of Public Service Enterprise Group in a report on Thursday. Barclays decreased their price objective on shares of Public Service Enterprise Group from $87.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Finally, BMO Capital Markets dropped their target price on Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.04.

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.