Oddo BHF Asset Management Sas Increases Stock Position in Public Service Enterprise Group Incorporated $PEG

Oddo BHF Asset Management Sas raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 28.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,108 shares of the utilities provider’s stock after purchasing an additional 11,660 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Public Service Enterprise Group were worth $4,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Rakuten Investment Management Inc. boosted its holdings in Public Service Enterprise Group by 195.9% in the 4th quarter. Rakuten Investment Management Inc. now owns 65,661 shares of the utilities provider’s stock valued at $5,298,000 after purchasing an additional 43,467 shares in the last quarter. L2 Asset Management LLC boosted its holdings in Public Service Enterprise Group by 6.5% in the 4th quarter. L2 Asset Management LLC now owns 2,770 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 170 shares in the last quarter. Bluedoor Private Wealth LLC purchased a new stake in Public Service Enterprise Group in the 4th quarter valued at approximately $477,000. Squarepoint Ops LLC boosted its holdings in Public Service Enterprise Group by 144.1% in the 4th quarter. Squarepoint Ops LLC now owns 574,328 shares of the utilities provider’s stock valued at $46,119,000 after purchasing an additional 339,026 shares in the last quarter. Finally, USS Investment Management Ltd boosted its holdings in Public Service Enterprise Group by 15.3% in the 4th quarter. USS Investment Management Ltd now owns 79,627 shares of the utilities provider’s stock valued at $6,395,000 after purchasing an additional 10,591 shares in the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Insider Activity at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $77.01, for a total transaction of $160,411.83. Following the sale, the chief executive officer owned 287,232 shares of the company’s stock, valued at $22,119,736.32. The trade was a 0.72% 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. Over the last 90 days, insiders sold 6,249 shares of company stock worth $498,795. 0.19% of the stock is owned by insiders.

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG opened at $80.83 on Wednesday. The business’s 50 day simple moving average is $79.52 and its 200-day simple moving average is $80.82. The firm has a market capitalization of $40.28 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.75. Public Service Enterprise Group Incorporated has a 12 month low of $76.05 and a 12 month high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.44 by $0.11. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities analysts forecast that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. Public Service Enterprise Group’s payout ratio is 59.29%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Public Service Enterprise Group from $96.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective 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. LADENBURG THALM/SH SH lowered Public Service Enterprise Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $87.50 to $84.50 in a report on Friday, March 13th. Scotiabank reaffirmed a “sector perform” rating and issued a $92.00 price objective on shares of Public Service Enterprise Group in a report on Thursday, February 26th. Finally, Weiss Ratings lowered Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.19.

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.