Public Service Enterprise Group Incorporated $PEG Holdings Lowered by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,149 shares of the utilities provider’s stock after selling 32,109 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Public Service Enterprise Group worth $25,733,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Chapman Financial Group LLC acquired a new stake in shares of Public Service Enterprise Group during the second quarter worth approximately $25,000. Cedar Mountain Advisors LLC purchased a new stake in Public Service Enterprise Group in the 3rd quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at $38,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at $43,000. Finally, CGC Financial Services LLC grew its holdings in shares of Public Service Enterprise Group by 98.5% during the 3rd quarter. CGC Financial Services LLC now owns 520 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 258 shares in the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Stock Performance

NYSE:PEG opened at $80.24 on Friday. The firm has a market capitalization of $40.02 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. 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 Incorporated has a 12-month low of $76.00 and a 12-month high of $91.25. The firm has a 50-day moving average price of $82.89 and a 200 day moving average price of $81.72.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The company’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.35 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 63.51%.

Insiders Place Their Bets

In other news, SVP Richard T. Thigpen sold 4,700 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the sale, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total transaction of $169,222.92. Following the completion of the sale, the chief executive officer directly owned 291,398 shares in the company, valued at approximately $23,673,173.52. The trade was 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. Over the last three months, insiders have sold 8,866 shares of company stock valued at $733,587. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

PEG has been the subject of several recent research reports. Barclays increased their price objective on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. LADENBURG THALM/SH SH lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $87.50 to $84.50 in a research report on Friday, March 13th. Wall Street Zen lowered Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. BMO Capital Markets increased their target price on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research note on Monday, April 13th. Finally, Truist Financial started coverage on Public Service Enterprise Group in a report on Tuesday. They set a “hold” rating and a $91.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

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.