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

Public Service Enterprise Group (NYSE:PEG) issued its quarterly earnings data on Tuesday. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11, Briefing.com reports. Public Service Enterprise Group had a return on equity of 12.37% and a net margin of 17.69%.The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. 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 Price Performance

PEG stock traded down $1.15 on Thursday, reaching $78.20. 228,300 shares of the company’s stock were exchanged, compared to its average volume of 2,810,093. The stock has a fifty day moving average of $82.11 and a 200-day moving average of $81.62. Public Service Enterprise Group has a twelve month low of $76.00 and a twelve month high of $91.25. The firm has a market cap of $39.00 billion, a PE ratio of 17.33, a P/E/G ratio of 3.01 and a beta of 0.53. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio is currently 59.29%.

Insiders Place Their Bets

In related news, SVP Richard T. Thigpen sold 4,700 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total transaction of $390,100.00. Following the transaction, the senior vice president owned 28,481 shares of the company’s stock, valued at $2,363,923. This represents a 14.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $81.21, for a total value of $169,160.43. Following the transaction, the chief executive officer directly owned 289,315 shares in the company, valued at $23,495,271.15. This represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,949 shares of company stock worth $902,747 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Public Service Enterprise Group

Several large investors have recently bought and sold shares of PEG. Empowered Funds LLC grew its holdings in 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 valued at $831,000 after purchasing an additional 940 shares during the last quarter. Woodline Partners LP lifted its position in shares of Public Service Enterprise Group by 40.7% in the first quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock valued at $3,464,000 after acquiring an additional 12,172 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Public Service Enterprise Group by 27.6% in the second quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider’s stock valued at $405,000 after acquiring an additional 1,040 shares in the last quarter. Jump Financial LLC lifted its position in shares of Public Service Enterprise Group by 70.4% in 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 position 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 valued at $4,785,000 after acquiring an additional 1,649 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Analysts Set New Price Targets

PEG has been the subject of a number of research reports. Wells Fargo & Company boosted their price objective on Public Service Enterprise Group from $96.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday. BMO Capital Markets boosted their target price on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a report on Monday, April 13th. Jefferies Financial Group lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $90.00 to $89.00 in a report on Wednesday, April 15th. Barclays boosted their target price on Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Finally, Scotiabank reissued a “sector perform” rating and issued a $92.00 target price on shares of Public Service Enterprise Group in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.42.

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.