PensionDanmark Pensionsforsikringsaktieselskab Increases Stake in Public Service Enterprise Group Incorporated $PEG

PensionDanmark Pensionsforsikringsaktieselskab increased its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 12.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,430 shares of the utilities provider’s stock after buying an additional 15,031 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Public Service Enterprise Group were worth $11,235,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PEG. Simplicity Wealth LLC raised its stake in shares of Public Service Enterprise Group by 3.3% in the 4th quarter. Simplicity Wealth LLC now owns 3,990 shares of the utilities provider’s stock valued at $320,000 after acquiring an additional 129 shares during the period. Westfuller Advisors LLC lifted its holdings in shares of Public Service Enterprise Group by 7.3% during the 1st quarter. Westfuller Advisors LLC now owns 1,891 shares of the utilities provider’s stock valued at $153,000 after acquiring an additional 129 shares in the last quarter. Key Financial Inc boosted its position in Public Service Enterprise Group by 2.6% during the 4th quarter. Key Financial Inc now owns 5,221 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 133 shares during the period. Benjamin Edwards Inc. boosted its position in Public Service Enterprise Group by 4.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,231 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 134 shares during the period. Finally, CFS Investment Advisory Services LLC increased its holdings in Public Service Enterprise Group by 1.0% in the 4th quarter. CFS Investment Advisory Services LLC now owns 13,296 shares of the utilities provider’s stock valued at $1,068,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $75.68 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.75. The company’s fifty day moving average price is $79.37 and its two-hundred day moving average price is $80.71. The firm has a market capitalization of $37.72 billion, a P/E ratio of 18.83, a P/E/G ratio of 2.82 and a beta of 0.51. Public Service Enterprise Group Incorporated has a 12 month low of $74.20 and a 12 month high of $88.65.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%.The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the firm earned $0.77 earnings per share. The company’s revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 annualized dividend and a yield of 3.5%. Public Service Enterprise Group’s payout ratio is currently 66.67%.

Insider Activity at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $76.47, for a total transaction of $159,287.01. Following the completion of the sale, the chief executive officer owned 283,656 shares of the company’s stock, valued at approximately $21,691,174.32. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kim C. Hanemann sold 3,035 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total transaction of $248,870.00. Following the sale, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at $8,102,830. The trade was a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,284 shares of company stock worth $736,271 over the last 90 days. 0.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on PEG. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup decreased their target price on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday. Royal Bank Of Canada began coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 target price on the stock. Jefferies Financial Group reduced their price target on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Finally, Weiss Ratings cut Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $90.63.

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.