Engineers Gate Manager LP Grows Position in Public Service Enterprise Group Incorporated $PEG

Posted by Stanley Muller on Sep 11th, 2026

Engineers Gate Manager LP boosted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) by 74.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,592 shares of the utilities provider’s stock after buying an additional 45,056 shares during the period. Engineers Gate Manager LP’s holdings in Public Service Enterprise Group were worth $8,570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEG. California State Teachers Retirement System boosted its holdings in shares of Public Service Enterprise Group by 15,435.7% in the second quarter. California State Teachers Retirement System now owns 89,498,622 shares of the utilities provider’s stock valued at $7,263,708,000 after acquiring an additional 88,922,538 shares during the period. BlackRock Inc. acquired a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $4,366,570,000. Bank of America Corp DE purchased a new stake in Public Service Enterprise Group in the 2nd quarter valued at $1,207,400,000. Norges Bank purchased a new stake in Public Service Enterprise Group in the 4th quarter valued at $552,280,000. Finally, Legal & General Group Plc acquired a new stake in Public Service Enterprise Group during the 2nd quarter worth $554,994,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Price Performance

Public Service Enterprise Group stock opened at $72.54 on Friday. The company has a market cap of $36.16 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.73 and a beta of 0.50. Public Service Enterprise Group Incorporated has a one year low of $72.08 and a one year high of $87.63. The business has a fifty day moving average of $76.56 and a two-hundred day moving average of $79.37. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88.

Public Service Enterprise Group (NYSE:PEG – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts predict that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

PEG has been the topic of several research reports. Wall Street Zen downgraded shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Citigroup decreased their target price on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Morgan Stanley lowered their price target on Public Service Enterprise Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. Weiss Ratings cut Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reduced their price objective on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating for the company in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Public Service Enterprise Group presently has a consensus rating of “Hold” and a consensus target price of $89.43.

View Our Latest Research Report on Public Service Enterprise Group

Insider Buying and Selling at Public Service Enterprise Group

In other news, COO Kim C. Hanemann sold 3,035 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total transaction of $248,870.00. Following the sale, the chief operating officer owned 98,815 shares of the company’s stock, valued at $8,102,830. The trade was a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the sale, the senior vice president owned 20,970 shares in the company, valued at approximately $1,563,523.20. This represents a 27.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 15,201 shares of company stock valued at $1,172,339. Corporate insiders own 0.19% of the company’s stock.

About Public Service Enterprise Group

(Free Report)

Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Through its principal subsidiary, Public Service Electric and Gas Company (PSE&G), it provides regulated electric and natural gas transmission, distribution and delivery services to residential, commercial and industrial customers, primarily in New Jersey.

PSEG also owns PSEG Power, which operates and manages a diverse portfolio of electric-generating facilities, including nuclear, natural gas and renewable energy assets.

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Institutional Ownership by Quarter for Public Service Enterprise Group (NYSE:PEG)

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