26,027 Shares in Public Service Enterprise Group Incorporated $PEG Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS Administration acquired 26,027 shares of Public Service Enterprise Group, valued at approximately $2.1 million. Institutional investors collectively own 73.34% of PEG, with several major funds also building positions.
• PEG beat quarterly earnings expectations, reporting $0.86 EPS versus the $0.80 consensus, although revenue fell 8.9% year over year to $2.55 billion. The company reaffirmed fiscal 2026 guidance of $4.28–$4.40 EPS.
• The company declared a quarterly dividend of $0.67 per share, or $2.68 annualized, representing a 3.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $89.43, while recent insider activity was primarily selling.

OMERS ADMINISTRATION Corp acquired a new position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,027 shares of the utilities provider's stock, valued at approximately $2,112,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Public Service Enterprise Group during the second quarter valued at approximately $4,366,570,000. Norges Bank acquired a new position in Public Service Enterprise Group in the 4th quarter worth approximately $552,280,000. Bank of America Corp DE grew its position in Public Service Enterprise Group by 24.7% during the 2nd quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider's stock worth $1,476,230,000 after purchasing an additional 3,469,886 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Public Service Enterprise Group during the 2nd quarter valued at $221,632,000. Finally, Deutsche Bank AG purchased a new stake in shares of Public Service Enterprise Group in the second quarter valued at $126,383,000. 73.34% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Stock Performance

Shares of NYSE PEG opened at $74.09 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88. The firm has a market cap of $36.93 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 2.76 and a beta of 0.51. The business's 50-day simple moving average is $78.33 and its 200-day simple moving average is $80.22. Public Service Enterprise Group Incorporated has a 52 week low of $72.53 and a 52 week high of $87.63.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping 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 firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the company earned $0.77 EPS. The company's revenue for the quarter 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. As a group, equities research analysts expect that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group's dividend payout ratio is presently 66.67%.

Insider Buying and Selling at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 8,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the transaction, the senior vice president owned 20,970 shares of the company's stock, valued at approximately $1,563,523.20. This represents a 27.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated 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. The trade was a 0.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,284 shares of company stock valued at $1,332,751 in the last ninety days. Company insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

PEG has been the subject of several research analyst reports. Weiss Ratings downgraded Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a research note on Thursday, July 2nd. They set a "sector perform" rating and a $81.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Truist Financial dropped their price objective on shares of Public Service Enterprise Group from $90.00 to $84.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Finally, Wall Street Zen downgraded shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $89.43.

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.

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