Themes Management Co LLC Invests $674,000 in Public Service Enterprise Group Incorporated $PEG

Posted by Stanley Muller on May 26th, 2026

Themes Management Co LLC acquired a new position in Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,395 shares of the utilities provider’s stock, valued at approximately $674,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chapman Financial Group LLC purchased a new stake in Public Service Enterprise Group during the 2nd quarter valued at about $25,000. Quest 10 Wealth Builders Inc. boosted its holdings in Public Service Enterprise Group by 250.5% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 248 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Public Service Enterprise Group during the 4th quarter valued at about $44,000. TFC Financial Management Inc. boosted its holdings in Public Service Enterprise Group by 3,000.0% during the 4th quarter. TFC Financial Management Inc. now owns 589 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 570 shares during the period. Finally, Colonial Trust Co SC boosted its holdings in Public Service Enterprise Group by 26.8% during the 3rd quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 121 shares during the period. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was 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 owned 289,315 shares in the company, valued at approximately $23,495,271.15. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction that occurred on 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 owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. This trade represents a 14.16% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 10,949 shares of company stock valued at $902,747. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

PEG has been the subject of several analyst reports. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $87.50 to $84.50 in a report on Friday, March 13th. Barclays increased their target price on Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Jefferies Financial Group cut Public Service Enterprise Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $90.00 to $89.00 in a report on Wednesday, April 15th. JPMorgan Chase & Co. increased their target price on Public Service Enterprise Group from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.19.

View Our Latest Report on Public Service Enterprise Group

Public Service Enterprise Group Trading Up 0.1%

NYSE PEG opened at $79.61 on Tuesday. Public Service Enterprise Group Incorporated has a fifty-two week low of $76.05 and a fifty-two week high of $91.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97. The stock has a 50 day simple moving average of $80.45 and a two-hundred day simple moving average of $81.21. The stock has a market cap of $39.67 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 2.99 and a beta of 0.53.

Public Service Enterprise Group (NYSE:PEG – Get Free Report) last released 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 business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the business posted $1.43 EPS. The business’s 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. On average, analysts forecast that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The firm 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 $0.67 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $2.68 annualized dividend and a yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 59.29%.

Public Service Enterprise Group Profile

(Free Report)

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.