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

Public Service Enterprise Group (NYSE:PEG) released its earnings results on Thursday. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The company’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 Price Performance

Shares of Public Service Enterprise Group stock traded down $0.17 during trading hours on Thursday, hitting $85.81. The company’s stock had a trading volume of 1,818,952 shares, compared to its average volume of 2,942,633. The company has a market cap of $42.83 billion, a PE ratio of 20.61, a PEG ratio of 2.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.69 and a current ratio of 0.93. The business has a 50 day moving average price of $81.27 and a two-hundred day moving average price of $81.88. Public Service Enterprise Group has a 12-month low of $74.67 and a 12-month high of $91.25.

Institutional Trading of Public Service Enterprise Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in Public Service Enterprise Group by 24.7% during the second quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock valued at $1,476,230,000 after buying an additional 3,469,886 shares during the last quarter. State Street Corp increased its position in Public Service Enterprise Group by 2.8% in the fourth quarter. State Street Corp now owns 28,361,198 shares of the utilities provider’s stock worth $2,277,404,000 after purchasing an additional 762,591 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Public Service Enterprise Group by 9.8% during the second quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider’s stock valued at $674,218,000 after purchasing an additional 715,051 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Public Service Enterprise Group by 256.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 907,750 shares of the utilities provider’s stock worth $72,892,000 after buying an additional 653,366 shares in the last quarter. Finally, Man Group plc raised its position in shares of Public Service Enterprise Group by 224.2% during the 4th quarter. Man Group plc now owns 816,648 shares of the utilities provider’s stock valued at $65,577,000 after buying an additional 564,718 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on PEG shares. Barclays cut their price objective on shares of Public Service Enterprise Group from $87.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Argus raised shares of Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. Jefferies Financial Group upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $89.00 to $90.00 in a report on Thursday, November 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $85.00 target price (down from $88.00) on shares of Public Service Enterprise Group in a research note on Thursday, January 22nd. Finally, TD Cowen lifted their target price on Public Service Enterprise Group from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.96.

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.