Energy Income Partners LLC Acquires Shares of 1,432,413 Public Service Enterprise Group Incorporated $PEG

Key Points

• Energy Income Partners acquired 1.43 million shares of Public Service Enterprise Group, valued at approximately $116.3 million, making PEG about 1.8% of its portfolio. Institutional investors collectively own 73.34% of the company.
• PEG reported quarterly EPS of $0.86, exceeding estimates of $0.80, 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 per share, equal to an annualized $2.68 and a 3.5% yield. Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $90.23.

Energy Income Partners LLC bought a new position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,432,413 shares of the utilities provider's stock, valued at approximately $116,255,000. Public Service Enterprise Group comprises approximately 1.8% of Energy Income Partners LLC's investment portfolio, making the stock its 16th largest position. Energy Income Partners LLC owned about 0.29% of Public Service Enterprise Group at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PEG. Empowered Funds LLC raised its holdings in shares of 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 stake 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 buying an additional 12,172 shares in the last quarter. Cresset Asset Management LLC grew its position in Public Service Enterprise Group by 27.6% in the second quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider's stock valued at $405,000 after acquiring an additional 1,040 shares during the last quarter. Jump Financial LLC grew its position in Public Service Enterprise Group by 70.4% in the second quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider's stock valued at $1,070,000 after acquiring an additional 5,250 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Public Service Enterprise Group by 3.0% during the second quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider's stock worth $4,785,000 after acquiring an additional 1,649 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Insider Transactions at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 2,083 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $76.47, for a total value of $159,287.01. Following the sale, the chief executive officer owned 283,656 shares of the company's stock, valued at $21,691,174.32. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kim C. Hanemann sold 3,035 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total value of $248,870.00. Following the completion of the sale, the chief operating officer owned 98,815 shares of the company's stock, valued at $8,102,830. The trade was a 2.98% 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. Over the last 90 days, insiders have sold 17,284 shares of company stock worth $1,332,751. Company insiders own 0.19% of the company's stock.

Public Service Enterprise Group Stock Performance

NYSE:PEG opened at $75.70 on Wednesday. The stock's 50-day moving average is $79.01 and its 200-day moving average is $80.52. Public Service Enterprise Group Incorporated has a 1-year low of $74.20 and a 1-year high of $87.63. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. The stock has a market cap of $37.73 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business earned $0.77 EPS. The firm's quarterly 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. Equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued 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 66.67%.

Wall Street Analyst Weigh In

PEG has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Saturday. Weiss Ratings cut shares of Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Jefferies Financial Group dropped their price objective on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a "hold" rating for the company in a research note on Monday, July 20th. Wells Fargo & Company cut their target price on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Finally, Citigroup lowered their price target on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a "neutral" rating for the company in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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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