Bollard Group LLC Has $34.21 Million Position in Public Service Enterprise Group Incorporated $PEG

Bollard Group LLC boosted its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 409,924 shares of the utilities provider’s stock after acquiring an additional 23,077 shares during the period. Public Service Enterprise Group accounts for about 0.8% of Bollard Group LLC’s holdings, making the stock its 17th biggest position. Bollard Group LLC owned approximately 0.08% of Public Service Enterprise Group worth $34,212,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in Public Service Enterprise Group by 10.3% during the first quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock worth $831,000 after buying an additional 940 shares in the last quarter. Woodline Partners LP increased its holdings in Public Service Enterprise Group by 40.7% during the first quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after buying an additional 12,172 shares during the last quarter. Vise Technologies Inc. purchased a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth approximately $653,000. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Public Service Enterprise Group by 4.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 75,716 shares of the utilities provider’s stock worth $6,374,000 after purchasing an additional 3,237 shares during the period. Finally, Candriam S.C.A. raised its holdings in shares of Public Service Enterprise Group by 3.1% in the 2nd quarter. Candriam S.C.A. now owns 65,284 shares of the utilities provider’s stock worth $5,496,000 after purchasing an additional 1,990 shares during the period. 73.34% of the stock is owned by institutional investors.

Public Service Enterprise Group Price Performance

Shares of Public Service Enterprise Group stock opened at $83.75 on Friday. The company’s fifty day simple moving average is $82.08 and its two-hundred day simple moving average is $81.79. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $91.25. The firm has a market cap of $41.77 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.73 and a beta of 0.60. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28.

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

Public Service Enterprise Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s dividend payout ratio is currently 63.51%.

Wall Street Analyst Weigh In

Several research firms recently commented on PEG. Barclays upped their price objective on Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Evercore upgraded Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 target price on the stock in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Monday, December 29th. Wall Street Zen lowered Public Service Enterprise Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $87.50 to $84.50 in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.88.

Insider Activity at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 4,700 shares of the business’s 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 transaction, the senior vice president directly owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. The trade was a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total value of $174,263.78. Following the transaction, the chief executive officer owned 292,889 shares of the company’s stock, valued at approximately $24,503,093.74. This represents a 0.71% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.19% of the company’s stock.

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.