Assenagon Asset Management S.A. Grows Holdings in Public Service Enterprise Group Incorporated $PEG

Key Points

• Institutional ownership increased: Assenagon Asset Management raised its Public Service Enterprise Group stake by 2,311.6% to 386,895 shares, while institutional investors collectively own 73.34% of PEG.
• Mixed financial performance: PEG reported quarterly EPS of $0.86, beating estimates of $0.80, but revenue fell 8.9% year over year to $2.55 billion. The company maintained fiscal 2026 EPS guidance of $4.28–$4.40.
• Analysts remain cautious: PEG carries a consensus “Hold” rating with a $90.63 price target, while shares recently opened at $75.68. The company also declared a quarterly dividend of $0.67 per share, representing a 3.5% annualized yield.

Assenagon Asset Management S.A. lifted its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 2,311.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,895 shares of the utilities provider's stock after buying an additional 370,852 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.08% of Public Service Enterprise Group worth $31,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC increased its position in shares of Public Service Enterprise Group by 1.9% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 55,268 shares of the utilities provider's stock worth $4,486,000 after purchasing an additional 1,014 shares during the last quarter. Martin Capital Partners LLC acquired a new position in Public Service Enterprise Group in the second quarter worth about $5,499,000. GAMMA Investing LLC grew its stake in Public Service Enterprise Group by 14.9% in the second quarter. GAMMA Investing LLC now owns 8,324 shares of the utilities provider's stock worth $676,000 after purchasing an additional 1,080 shares in the last quarter. RDA Financial Network grew its stake in Public Service Enterprise Group by 3.6% in the second quarter. RDA Financial Network now owns 5,996 shares of the utilities provider's stock worth $487,000 after purchasing an additional 207 shares in the last quarter. Finally, Trilogy Capital Inc. increased its holdings in Public Service Enterprise Group by 5.2% in the second quarter. Trilogy Capital Inc. now owns 40,411 shares of the utilities provider's stock valued at $3,280,000 after buying an additional 2,002 shares during the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Public Service Enterprise Group news, COO Kim C. Hanemann sold 3,035 shares of the firm's stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total transaction of $248,870.00. Following the transaction, the chief operating officer owned 98,815 shares of the company's stock, valued at approximately $8,102,830. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $76.47, for a total transaction of $159,287.01. Following the sale, the chief executive officer owned 283,656 shares in the company, valued at $21,691,174.32. This trade represents a 0.73% decrease in their ownership of the stock. 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 sold 9,284 shares of company stock valued at $736,271 in the last ninety days. Corporate insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PEG. Wall Street Zen upgraded Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note 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 initiated coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They issued a "sector perform" rating and a $81.00 price target for the company. BMO Capital Markets upped their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a "market perform" rating in a research report on Monday, April 13th. Finally, Jefferies Financial Group reduced their price objective on Public Service Enterprise Group from $89.00 to $78.00 and set a "hold" rating on the stock in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $90.63.

Public Service Enterprise Group Price Performance

PEG opened at $75.68 on Friday. The firm has a market cap of $37.72 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.51. Public Service Enterprise Group Incorporated has a fifty-two week low of $74.20 and a fifty-two week high of $88.65. The company's 50-day moving average price is $79.37 and its 200 day moving average price is $80.71. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.31.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter last year, the company posted $0.77 earnings per share. Public Service Enterprise Group'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. As a group, sell-side analysts expect that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group's payout ratio is currently 66.67%.

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.

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