Capital Research Global Investors Buys 477,387 Shares of Public Service Enterprise Group Incorporated $PEG

Key Points

• Capital Research Global Investors raised its stake in Public Service Enterprise Group by 6.2%, buying 477,387 shares to hold 8,132,936 shares (about 1.63% of the company) valued at $678.8 million at quarter-end.
• PEG beat quarterly expectations with $0.72 EPS versus a $0.71 consensus and revenue up 18.3% year-over-year, and the company set FY2026 guidance of $4.28–$4.40 in EPS.
• Management increased the quarterly dividend to $0.67 (annualized $2.68, ~3.2% yield); institutional investors own ~73.34% of shares and analysts hold a "Moderate Buy" consensus with a $92.73 price target.

Capital Research Global Investors lifted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,132,936 shares of the utilities provider's stock after buying an additional 477,387 shares during the period. Capital Research Global Investors owned about 1.63% of Public Service Enterprise Group worth $678,775,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. JARISLOWSKY FRASER Ltd boosted its position in Public Service Enterprise Group by 107.1% during the third quarter. JARISLOWSKY FRASER Ltd now owns 1,025,305 shares of the utilities provider's stock worth $85,572,000 after purchasing an additional 530,248 shares during the period. Railway Pension Investments Ltd raised its position in shares of Public Service Enterprise Group by 97.5% in the third quarter. Railway Pension Investments Ltd now owns 1,897,800 shares of the utilities provider's stock valued at $158,390,000 after purchasing an additional 937,100 shares during the period. Assetmark Inc. lifted its stake in shares of Public Service Enterprise Group by 4.6% during the 3rd quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider's stock worth $74,609,000 after buying an additional 38,949 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Public Service Enterprise Group by 13.0% during the 3rd quarter. New York State Common Retirement Fund now owns 314,668 shares of the utilities provider's stock worth $26,262,000 after buying an additional 36,100 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Public Service Enterprise Group by 18.2% during the 3rd quarter. Voya Investment Management LLC now owns 1,645,407 shares of the utilities provider's stock worth $137,155,000 after buying an additional 253,810 shares during the period. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Stock Performance

NYSE PEG opened at $83.28 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. The company has a fifty day simple moving average of $81.94 and a 200 day simple moving average of $81.78. The company has a market cap of $41.53 billion, a P/E ratio of 19.73, a PEG ratio of 2.74 and a beta of 0.60. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $91.25.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The business's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Sell-side analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, March 10th. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. Public Service Enterprise Group's dividend payout ratio is 59.72%.

Analyst Upgrades and Downgrades

PEG has been the topic of several research analyst reports. Argus raised shares of Public Service Enterprise Group to a "strong-buy" rating in a report on Wednesday, January 14th. Wall Street Zen cut Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Saturday. UBS Group lowered their target price on Public Service Enterprise Group from $105.00 to $98.00 and set a "buy" rating on the stock in a research note on Wednesday, December 17th. Barclays lifted their price target on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an "equal weight" rating in a report on Thursday, March 5th. Finally, Evercore raised shares of Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 price objective for the company in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $92.73.

Insider Buying and Selling

In related news, CEO Ralph A. Larossa sold 2,083 shares of the company's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total value of $174,263.78. Following the completion of the transaction, the chief executive officer directly owned 292,889 shares in the company, valued at approximately $24,503,093.74. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the transaction, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The SEC filing for this sale provides additional information. 0.19% of the stock is currently owned by insiders.

Public Service Enterprise Group Company 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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