KeyCorp Has Bullish Forecast for PEG FY2026 Earnings

Public Service Enterprise Group Incorporated (NYSE:PEG) – Research analysts at KeyCorp raised their FY2026 earnings per share (EPS) estimates for shares of Public Service Enterprise Group in a note issued to investors on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will earn $4.37 per share for the year, up from their previous forecast of $4.35. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $4.36 per share. KeyCorp also issued estimates for Public Service Enterprise Group’s FY2028 earnings at $4.94 EPS and FY2029 earnings at $5.25 EPS.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%. The company’s revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley lowered their price objective on shares of Public Service Enterprise Group from $91.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Jefferies Financial Group dropped their target price on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company cut their target price on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Citigroup reduced their price target on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.23.

Public Service Enterprise Group Stock Down 0.5%

Shares of PEG stock opened at $70.41 on Wednesday. Public Service Enterprise Group has a 12 month low of $66.15 and a 12 month high of $87.63. The firm has a market cap of $35.10 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.66 and a beta of 0.50. The stock has a 50 day moving average of $72.08 and a 200-day moving average of $77.08. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Community Financial Services Group LLC acquired a new stake in shares of Public Service Enterprise Group in the 2nd quarter valued at $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Public Service Enterprise Group during the second quarter worth $26,000. Elevation Wealth Partners LLC raised its position in shares of Public Service Enterprise Group by 240.6% during the second quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 243 shares during the last quarter. Aberdeen Wealth Management LLC acquired a new position in shares of Public Service Enterprise Group during the second quarter valued at $32,000. Finally, Bayban acquired a new position in shares of Public Service Enterprise Group during the fourth quarter valued at $33,000. 73.34% of the stock is owned by institutional investors.

Insider Activity

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $67.48, for a total value of $140,560.84. Following the completion of the sale, the chief executive officer owned 279,490 shares in the company, valued at approximately $18,859,985.20. This trade represents a 0.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of Public Service Enterprise Group stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the senior vice president directly owned 20,970 shares in the company, valued at $1,563,523.20. The trade was a 27.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,166 shares of company stock worth $896,328 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, September 9th. Public Service Enterprise Group’s payout ratio is currently 66.67%.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Founded in 1903, the company operates primarily through its regulated utility subsidiary, Public Service Electric and Gas Company (PSE&G), and its competitive energy businesses.

PSE&G is New Jersey’s largest electric and gas utility, providing electricity and natural gas delivery, transmission, distribution, and related customer services to residential, commercial, and industrial customers across the state.