NewEdge Wealth LLC raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) by 188.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,136 shares of the utilities provider’s stock after purchasing an additional 6,621 shares during the quarter. NewEdge Wealth LLC’s holdings in Public Service Enterprise Group were worth $814,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. Rossby Financial LCC boosted its holdings in shares of Public Service Enterprise Group by 5.5% in the 3rd quarter. Rossby Financial LCC now owns 2,311 shares of the utilities provider’s stock valued at $191,000 after purchasing an additional 121 shares in the last quarter. Colonial Trust Co SC boosted its holdings in shares of Public Service Enterprise Group by 26.8% in the 3rd quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 121 shares in the last quarter. JPL Wealth Management LLC boosted its holdings in shares of Public Service Enterprise Group by 0.4% during the 3rd quarter. JPL Wealth Management LLC now owns 32,758 shares of the utilities provider’s stock valued at $2,734,000 after acquiring an additional 122 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of Public Service Enterprise Group by 2.6% during the 3rd quarter. Transcend Capital Advisors LLC now owns 4,916 shares of the utilities provider’s stock valued at $410,000 after acquiring an additional 125 shares in the last quarter. Finally, Strategic Investment Advisors MI boosted its holdings in shares of Public Service Enterprise Group by 0.8% during the 3rd quarter. Strategic Investment Advisors MI now owns 15,954 shares of the utilities provider’s stock valued at $1,331,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.
Insider Transactions at Public Service Enterprise Group
In related news, SVP Richard T. Thigpen sold 4,700 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total value of $390,100.00. Following the completion of the sale, the senior vice president directly owned 28,481 shares of the company’s stock, valued at $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $81.21, for a total value of $169,160.43. Following the completion of the sale, the chief executive officer directly owned 289,315 shares of the company’s stock, valued at $23,495,271.15. The trade was a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,949 shares of company stock valued at $902,747 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Stock Analysis on PEG
Public Service Enterprise Group Stock Performance
PEG stock opened at $76.51 on Friday. The stock has a 50-day moving average price of $81.04 and a 200-day moving average price of $81.33. Public Service Enterprise Group Incorporated has a 1-year low of $76.09 and a 1-year high of $91.25. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.31. The firm has a market cap of $38.12 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.11. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the company posted $1.43 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities research analysts expect that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current year.
Public Service Enterprise Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 59.29%.
Public Service Enterprise Group 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.
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