Robeco Institutional Asset Management B.V. Has $11.19 Million Stock Position in Public Service Enterprise Group Incorporated $PEG

Robeco Institutional Asset Management B.V. raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 218.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,083 shares of the utilities provider’s stock after buying an additional 91,946 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Public Service Enterprise Group were worth $11,191,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at $25,000. Chapman Financial Group LLC bought a new stake in Public Service Enterprise Group in the second quarter valued at $25,000. Keener Financial Planning LLC acquired a new position in shares of Public Service Enterprise Group during the second quarter valued at about $27,000. GoalVest Advisory LLC boosted its position in shares of Public Service Enterprise Group by 166.7% during the 2nd quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 225 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Public Service Enterprise Group in the 2nd quarter valued at about $33,000. 73.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Richard T. Thigpen sold 4,920 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $82.33, for a total value of $405,063.60. Following the completion of the transaction, the senior vice president directly owned 26,134 shares of the company’s stock, valued at $2,151,612.22. This represents a 15.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PEG shares. UBS Group dropped their price target on Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Barclays upped their target price on Public Service Enterprise Group from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. reduced their price target on shares of Public Service Enterprise Group from $96.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. TD Cowen upped their price objective on shares of Public Service Enterprise Group from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, LADENBURG THALM/SH SH upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 price objective for the company in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.35.

Public Service Enterprise Group Price Performance

PEG opened at $78.67 on Friday. Public Service Enterprise Group Incorporated has a 1 year low of $74.67 and a 1 year high of $91.25. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.93 and a quick ratio of 0.69. The company has a market capitalization of $39.27 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 2.18 and a beta of 0.60. The firm’s fifty day moving average price is $80.87 and its two-hundred day moving average price is $82.55.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Monday, November 3rd. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.02 by $0.11. Public Service Enterprise Group had a net margin of 17.77% and a return on equity of 12.62%. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. As a group, analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, December 10th. Public Service Enterprise Group’s payout ratio is presently 60.58%.

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.