Public Service Enterprise Group Incorporated $PEG Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 29.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,275 shares of the utilities provider’s stock after selling 8,024 shares during the period. Intech Investment Management LLC’s holdings in Public Service Enterprise Group were worth $1,609,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in PEG. HM Payson & Co. raised its holdings in shares of Public Service Enterprise Group by 3.3% in the 3rd quarter. HM Payson & Co. now owns 3,755 shares of the utilities provider’s stock valued at $313,000 after purchasing an additional 120 shares in the last quarter. Rossby Financial LCC grew its stake in shares of Public Service Enterprise Group by 5.5% during the third quarter. Rossby Financial LCC now owns 2,311 shares of the utilities provider’s stock worth $191,000 after purchasing an additional 121 shares in the last quarter. Colonial Trust Co SC increased its holdings in Public Service Enterprise Group by 26.8% in the third quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider’s stock valued at $48,000 after buying an additional 121 shares during the last quarter. Transcend Capital Advisors LLC raised its stake in Public Service Enterprise Group by 2.6% in the third quarter. Transcend Capital Advisors LLC now owns 4,916 shares of the utilities provider’s stock valued at $410,000 after buying an additional 125 shares in the last quarter. Finally, Sage Private Wealth Group LLC lifted its holdings in Public Service Enterprise Group by 4.9% during the 3rd quarter. Sage Private Wealth Group LLC now owns 2,831 shares of the utilities provider’s stock worth $236,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Insiders Place Their Bets

In other Public Service Enterprise Group news, 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 transaction 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 approximately $2,363,923. This trade represents a 14.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Stock Performance

Shares of PEG opened at $83.94 on Friday. The company’s 50 day simple moving average is $81.76 and its 200-day simple moving average is $81.83. The firm has a market cap of $41.86 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $91.25. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the prior year, the business earned $0.84 EPS. Public Service Enterprise Group’s quarterly revenue was up 18.3% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities analysts predict that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.68 annualized dividend and a yield of 3.2%. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 59.72%.

Wall Street Analysts Forecast Growth

PEG has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 price objective on the stock in a report on Wednesday, January 7th. Wells Fargo & Company upped their price target on Public Service Enterprise Group from $92.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, February 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $85.00 price target (down from $88.00) on shares of Public Service Enterprise Group in a research note on Thursday, January 22nd. Jefferies Financial Group upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $89.00 to $90.00 in a research report on Thursday, November 6th. Finally, Evercore upgraded shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 target price for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Public Service Enterprise Group presently has a consensus rating of “Moderate Buy” and an average target price of $92.73.

About Public Service Enterprise Group

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.