ING Groep NV Buys Shares of 64,508 Public Service Enterprise Group Incorporated $PEG

ING Groep NV bought a new stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 64,508 shares of the utilities provider’s stock, valued at approximately $5,180,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital International Sarl bought a new position in shares of Public Service Enterprise Group during the 4th quarter worth approximately $444,000. Los Angeles Capital Management LLC boosted its holdings in shares of Public Service Enterprise Group by 128.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 12,193 shares of the utilities provider’s stock worth $985,000 after buying an additional 6,863 shares in the last quarter. Havemeyer Place LP bought a new position in shares of Public Service Enterprise Group during the 4th quarter worth approximately $359,000. Pinebridge Investments LLC bought a new position in shares of Public Service Enterprise Group during the 4th quarter worth approximately $4,557,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Public Service Enterprise Group by 27.0% during the 4th quarter. Parallel Advisors LLC now owns 4,544 shares of the utilities provider’s stock worth $365,000 after buying an additional 966 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Public Service Enterprise Group Price Performance

Shares of PEG opened at $77.79 on Tuesday. Public Service Enterprise Group Incorporated has a 12-month low of $76.05 and a 12-month high of $91.25. The business’s fifty day moving average is $79.74 and its 200 day moving average is $80.93. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. The stock has a market cap of $38.77 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.99 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the business earned $1.43 EPS. Public Service Enterprise Group’s quarterly revenue was up 19.4% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Sell-side analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, June 9th. This represents a $2.68 annualized dividend and a yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 59.29%.

Insiders Place Their Bets

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 287,232 shares in the company, valued at approximately $22,119,736.32. This trade represents a 0.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,249 shares of company stock worth $498,795. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PEG shares. Evercore upgraded Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price target on the stock in a report on Thursday, March 5th. BMO Capital Markets increased their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. Weiss Ratings restated a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Friday, March 27th. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $92.00 target price on shares of Public Service Enterprise Group in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.