Danske Bank A S Buys 44,700 Shares of Public Service Enterprise Group Incorporated $PEG

Key Points

• Danske Bank A/S boosted its stake in Public Service Enterprise Group (NYSE:PEG) by 9.8% in Q4, buying 44,700 shares to hold 501,828 shares valued at about $40.3 million (≈0.10% of the company).
• Company insiders have been selling recently — CEO Ralph A. Larossa sold 2,083 shares and SVP Richard T. Thigpen sold 4,700 shares, with insiders disposing of 8,866 shares worth $733,587 over the last 90 days and now owning 0.19% of the stock.
• FY2026 EPS guidance was set at $4.28–$4.40, the company posted a slight quarterly EPS beat and also declared a quarterly dividend of $0.67 (annualized $2.68) with an ex-dividend date of June 9, implying a ≈3.3% yield.

Danske Bank A S boosted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 501,828 shares of the utilities provider's stock after purchasing an additional 44,700 shares during the period. Danske Bank A S owned about 0.10% of Public Service Enterprise Group worth $40,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual Advisors LLC increased its stake in shares of Public Service Enterprise Group by 10.1% in the fourth quarter. Mutual Advisors LLC now owns 14,488 shares of the utilities provider's stock worth $1,163,000 after buying an additional 1,325 shares during the period. Oppenheimer & Co. Inc. boosted its position in Public Service Enterprise Group by 0.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 101,512 shares of the utilities provider's stock valued at $8,151,000 after buying an additional 326 shares during the period. Citizens Financial Group Inc. RI grew its holdings in Public Service Enterprise Group by 8.2% in the 4th quarter. Citizens Financial Group Inc. RI now owns 14,151 shares of the utilities provider's stock worth $1,136,000 after acquiring an additional 1,075 shares during the last quarter. Simplicity Wealth LLC increased its position in shares of Public Service Enterprise Group by 3.3% in the fourth 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. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in shares of Public Service Enterprise Group by 21.0% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,460 shares of the utilities provider's stock valued at $358,000 after acquiring an additional 775 shares during the last quarter. Institutional investors own 73.34% of the company's stock.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total transaction of $169,222.92. Following the completion of the transaction, the chief executive officer owned 291,398 shares of the company's stock, valued at approximately $23,673,173.52. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the business's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the sale, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. This trade represents a 14.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,866 shares of company stock worth $733,587 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Public Service Enterprise Group Price Performance

Shares of NYSE PEG opened at $80.29 on Friday. Public Service Enterprise Group Incorporated has a 1 year low of $76.00 and a 1 year high of $91.25. The stock has a market capitalization of $40.04 billion, a P/E ratio of 19.02, a P/E/G ratio of 3.08 and a beta of 0.53. The company's 50-day moving average is $82.36 and its 200 day moving average is $81.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. Public Service Enterprise Group's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, sell-side analysts expect that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, June 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. Public Service Enterprise Group's payout ratio is currently 63.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PEG shares. Scotiabank reiterated a "sector perform" rating and set a $92.00 target price on shares of Public Service Enterprise Group in a report on Thursday, February 26th. LADENBURG THALM/SH SH lowered Public Service Enterprise Group from a "buy" rating to a "neutral" rating and lowered their price target for the company from $87.50 to $84.50 in a research report on Friday, March 13th. Evercore upgraded 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. Wall Street Zen lowered Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. Finally, Jefferies Financial Group cut Public Service Enterprise Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $90.00 to $89.00 in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $93.19.

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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