Stock market today: S&P 500 ekes gain as hopes for end of shutdown get major boost
Investing.com - BMO Capital lowered its price target on Public Service Enterprise Group Inc. (NYSE:PEG) to $83.00 from $85.00 while maintaining a Market Perform rating. The current stock price of $81.36 suggests the utility is trading above InvestingPro’s Fair Value estimate, with a P/E ratio of 19.36 that appears high relative to near-term earnings growth.
The utility company reported third-quarter 2025 earnings per share of $1.13, exceeding both BMO’s estimate of $1.01 and the consensus estimate of $1.02. PEG has been profitable over the last twelve months with diluted EPS of $4.16, though InvestingPro data shows 6 analysts have revised their earnings downwards for the upcoming period.
Based on strong year-to-date performance, Public Service Enterprise Group management tightened its full-year 2025 guidance to $4.00-4.06 from the previous range of $3.94-4.06, despite facing known fourth-quarter headwinds including no ZEC revenue and the continued Hope Creek refueling outage.
BMO Capital noted there were no material updates provided on either the status of contracting nuclear units or developments toward the company building near-term generation assets.
Following the earnings report, Public Service Enterprise Group shares outperformed the market by approximately 100 basis points, which BMO attributed to possible upward revisions after the stock’s underperformance since late July. Income investors may appreciate that PEG has maintained dividend payments for 55 consecutive years with a current yield of 3.1%, according to InvestingPro, which offers comprehensive Pro Research Reports on this and 1,400+ other US stocks.
In other recent news, Public Service Enterprise Group Inc. (PSEG) reported its third-quarter 2025 earnings, which exceeded analyst expectations. The company achieved an earnings per share (EPS) of $1.13, surpassing the forecasted $1.03. Revenue also outperformed estimates, reaching $3.22 billion compared to the anticipated $2.73 billion. These results highlight PSEG’s strong financial performance in the recent quarter.
These developments come as analysts continue to monitor the company’s performance closely. The earnings and revenue figures are crucial for investors seeking insights into PSEG’s financial health. Analyst firms often provide projections that are closely watched by market participants. As such, PSEG’s ability to exceed these projections is a notable achievement.
These recent developments underscore the importance of keeping abreast of company earnings and analyst expectations.
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