Public Service Enterprise Group (NYSE:PEG) Releases FY 2026 Earnings Guidance

Public Service Enterprise Group (NYSE:PEG) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 4.280-4.400 for the period, compared to the consensus EPS estimate of 4.390. The company issued revenue guidance of -.

Public Service Enterprise Group Stock Performance

Shares of PEG opened at $85.77 on Friday. The stock has a market cap of $42.81 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.78 and a beta of 0.59. Public Service Enterprise Group has a 52 week low of $74.67 and a 52 week high of $91.25. The business has a 50-day simple moving average of $81.37 and a two-hundred day simple moving average of $81.91. The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 1.27.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Public Service Enterprise Group had a net margin of 17.77% and a return on equity of 12.62%. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, analysts expect that Public Service Enterprise Group will post 3.67 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.67 per share. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 10th. Public Service Enterprise Group’s payout ratio is presently 60.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen raised their price target on Public Service Enterprise Group from $93.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. LADENBURG THALM/SH SH upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 price target on the stock in a research note on Wednesday, January 7th. Argus upgraded Public Service Enterprise Group to a “strong-buy” rating in a research note on Wednesday, January 14th. BMO Capital Markets cut their price objective on Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating for the company in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and upped their target price for the company from $89.00 to $90.00 in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.04.

More Public Service Enterprise Group News

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

• Positive Sentiment: PSEG raised its quarterly dividend to $0.67 (annualized $2.68), the 15th consecutive dividend increase and a ~6% raise that supports yield-seeking investor demand. PSEG Increases 2026 Common Stock Dividend
• Positive Sentiment: PSEG reported Q4 results that beat EPS estimates ($0.72 vs. $0.71) and delivered revenue up ~18% year-over-year, driven by higher electric and gas volumes — the top-line strength can bolster investor confidence in near-term fundamentals. PSEG 2025 Results / Press Release
• Positive Sentiment: PSEG increased its regulated capital spending plan to $22.5–$25.5 billion through 2030 and extended an expected rate-base CAGR to 6%–7.5%, signaling higher regulated earnings potential longer-term. PSEG Announces 2025 Results
• Neutral Sentiment: PSEG set FY 2026 EPS guidance of $4.28–$4.40 (non‑GAAP operating earnings), which establishes management expectations but will be judged against Street forecasts. FY2026 Guidance in Press Release
• Neutral Sentiment: Analyst and transcript coverage is available that recaps the call and details operational drivers; these items help investors parse recurring vs. one‑time effects in the quarter. Earnings Call Transcript (Seeking Alpha)
• Negative Sentiment: Despite the beat, Reuters and other outlets highlighted that PSEG’s 2026 profit forecast came in slightly below some analyst estimates and the company is raising near-term spending — the guidance miss and bigger capex plan can pressure short-term EPS expectations and investor sentiment. Reuters: Forecasts 2026 Profit Below Estimates

Institutional Trading of Public Service Enterprise Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Public Service Enterprise Group by 10.3% in the first quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock worth $831,000 after buying an additional 940 shares during the period. Woodline Partners LP lifted its holdings in Public Service Enterprise Group by 40.7% in the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after buying an additional 12,172 shares in the last quarter. Cresset Asset Management LLC boosted its position in Public Service Enterprise Group by 27.6% in the 2nd quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider’s stock valued at $405,000 after buying an additional 1,040 shares during the last quarter. Jump Financial LLC grew its stake in shares of Public Service Enterprise Group by 70.4% during the second quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider’s stock valued at $1,070,000 after acquiring an additional 5,250 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Public Service Enterprise Group by 3.0% in the second quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider’s stock worth $4,785,000 after acquiring an additional 1,649 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

About Public Service Enterprise Group

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.