3 days Ago By ABMN Staff
Public Service Enterprise Group Incorporated ( NYSE:PEG – Free Report ) – Research analysts at Zacks Research dropped their Q3 2024 earnings estimates for shares of Public Service Enterprise Group in a research note issued to investors on Wednesday, September 11th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $0.
97 per share for the quarter, down from their previous estimate of $0.98. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.
68 per share. Zacks Research also issued estimates for Public Service Enterprise Group’s FY2024 earnings at $3.67 EPS and Q3 2025 earnings at $0.
95 EPS. Public Service Enterprise Group ( NYSE:PEG – Get Free Report ) last released its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.
63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01).
Public Service Enterprise Group had a return on equity of 10.72% and a net margin of 16.12%.
The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.03 billion.
During the same quarter in the prior year, the company posted $0.70 EPS. The company’s revenue for the quarter was up .
1% on a year-over-year basis. Get Our Latest Analysis on PEG Public Service Enterprise Group Stock Up 1.0 % Shares of NYSE PEG opened at $84.
16 on Monday. The firm has a market cap of $41.93 billion, a price-to-earnings ratio of 23.
31, a price-to-earnings-growth ratio of 2.99 and a beta of 0.60.
The company’s 50-day simple moving average is $78.81 and its 200-day simple moving average is $72.92.
Public Service Enterprise Group has a 52-week low of $53.71 and a 52-week high of $84.18.
The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of 1.
16. Public Service Enterprise Group Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be given a $0.
60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.
85%. The ex-dividend date is Monday, September 9th. Public Service Enterprise Group’s dividend payout ratio is currently 66.
48%. Insider Activity at Public Service Enterprise Group In related news, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd.
The shares were sold at an average price of $80.69, for a total value of $111,190.82.
Following the sale, the chief executive officer now directly owns 148,892 shares of the company’s stock, valued at $12,014,095.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
In other news, EVP Tamara Louise Linde sold 9,563 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $79.54, for a total value of $760,641.
02. Following the completion of the sale, the executive vice president now owns 57,961 shares of the company’s stock, valued at $4,610,217.94.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, CEO Ralph A. Larossa sold 1,378 shares of the firm’s stock in a transaction dated Tuesday, September 3rd.
The shares were sold at an average price of $80.69, for a total value of $111,190.82.
Following the sale, the chief executive officer now owns 148,892 shares in the company, valued at $12,014,095.48. The disclosure for this sale can be found here .
Over the last ninety days, insiders sold 30,068 shares of company stock worth $2,406,965. 0.57% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Public Service Enterprise Group Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Public Service Enterprise Group during the 4th quarter worth $215,074,000. Hsbc Holdings PLC grew its holdings in Public Service Enterprise Group by 43.
2% during the second quarter. Hsbc Holdings PLC now owns 2,426,170 shares of the utilities provider’s stock worth $178,763,000 after acquiring an additional 732,443 shares during the period. Cohen & Steers Inc.
raised its position in Public Service Enterprise Group by 23.6% in the fourth quarter. Cohen & Steers Inc.
now owns 2,389,722 shares of the utilities provider’s stock worth $146,132,000 after acquiring an additional 455,693 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Public Service Enterprise Group by 12.
5% during the fourth quarter. Franklin Resources Inc. now owns 2,331,709 shares of the utilities provider’s stock worth $142,584,000 after buying an additional 259,694 shares in the last quarter.
Finally, Raymond James & Associates grew its position in Public Service Enterprise Group by 315.2% in the second quarter. Raymond James & Associates now owns 2,206,101 shares of the utilities provider’s stock worth $162,590,000 after buying an additional 1,674,827 shares during the last quarter.
Institutional investors own 73.34% of the company’s stock. About Public Service Enterprise Group ( Get Free Report ) Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States.
It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. Further Reading Receive News & Ratings for Public Service Enterprise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Service Enterprise Group and related companies with MarketBeat.
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