Citizens Financial Group Inc. RI Buys Shares of 18,543 Public Service Enterprise Group Incorporated $PEG

Key Points

• Citizens Financial Group acquired 18,543 shares of Public Service Enterprise Group, valued at approximately $1.5 million. Institutional investors collectively own 73.34% of PEG.
• PEG reported quarterly EPS of $0.86, exceeding the $0.80 consensus estimate, although revenue fell 8.9% year over year to $2.55 billion. The company maintained fiscal 2026 EPS guidance of $4.28–$4.40.
• The company declared a quarterly dividend of $0.67, equivalent to a 3.5% annualized yield. Analysts’ consensus rating remains Hold, with an average price target of $90.23, while insiders sold 17,284 shares over the past three months.

Citizens Financial Group Inc. RI acquired a new stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,543 shares of the utilities provider's stock, valued at approximately $1,505,000.

Several other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in Public Service Enterprise Group by 10.3% during the 1st quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider's stock worth $831,000 after buying an additional 940 shares in the last quarter. Woodline Partners LP boosted its holdings in Public Service Enterprise Group by 40.7% in the first quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider's stock valued at $3,464,000 after purchasing an additional 12,172 shares during the period. Cresset Asset Management LLC grew its stake in Public Service Enterprise Group by 27.6% during the 2nd quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider's stock worth $405,000 after purchasing an additional 1,040 shares in the last quarter. Jump Financial LLC increased its holdings in Public Service Enterprise Group by 70.4% during the 2nd quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider's stock worth $1,070,000 after purchasing an additional 5,250 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Public Service Enterprise Group by 3.0% in the 2nd quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider's stock valued at $4,785,000 after buying an additional 1,649 shares during the period. Institutional investors and hedge funds own 73.34% of the company's stock.

Insider Transactions 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 stock was sold at an average price of $76.47, for a total value of $159,287.01. Following the completion of the sale, the chief executive officer directly owned 283,656 shares of the company's stock, valued at $21,691,174.32. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the sale, the senior vice president owned 20,970 shares in the company, valued at $1,563,523.20. The trade was a 27.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 17,284 shares of company stock valued at $1,332,751. Corporate insiders own 0.19% of the company's stock.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $75.70 on Wednesday. The stock's 50-day moving average price is $79.01 and its 200 day moving average price is $80.52. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $37.73 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. Public Service Enterprise Group Incorporated has a 52-week low of $74.20 and a 52-week high of $87.63.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly 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 the consensus estimate of $2.66 billion. During the same period last year, the company earned $0.77 earnings per share. 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 forecast that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $0.67 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen cut Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Saturday. Wells Fargo & Company reduced their price objective 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. Royal Bank Of Canada assumed coverage on shares of Public Service Enterprise Group in a research note on Thursday, July 2nd. They set a "sector perform" rating and a $81.00 price target on the stock. Truist Financial decreased their price objective on shares of Public Service Enterprise Group from $90.00 to $84.00 and set a "hold" rating for the company in a research note on Thursday, August 13th. Finally, Weiss Ratings cut Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $90.23.

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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