Foundations Investment Advisors LLC Boosts Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Key Points

• Foundations Investment Advisors increased its stake in Public Service Enterprise Group by 17.4% in the fourth quarter, bringing its holdings to 182,882 shares worth about $14.7 million. Overall, institutional investors still own a large majority of the company, at 73.34%.
• Public Service Enterprise Group reported better-than-expected quarterly results, posting EPS of $1.55 versus the $1.44 consensus and revenue of $3.85 billion versus $3.35 billion expected. The company also reaffirmed its FY 2026 EPS guidance range of 4.280-4.400.
• The company declared a quarterly dividend of $0.67 per share, equal to an annualized yield of 3.4%. Meanwhile, analysts currently rate PEG as a Moderate Buy with an average price target of $93.19.

Foundations Investment Advisors LLC lifted its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,882 shares of the utilities provider's stock after acquiring an additional 27,105 shares during the quarter. Foundations Investment Advisors LLC's holdings in Public Service Enterprise Group were worth $14,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Public Service Enterprise Group by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider's stock valued at $5,420,155,000 after purchasing an additional 2,189,951 shares in the last quarter. State Street Corp raised its holdings in shares of Public Service Enterprise Group by 1.0% in the 3rd quarter. State Street Corp now owns 27,598,607 shares of the utilities provider's stock valued at $2,303,380,000 after purchasing an additional 267,871 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Public Service Enterprise Group by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 17,773,378 shares of the utilities provider's stock valued at $1,483,366,000 after purchasing an additional 236,794 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Public Service Enterprise Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider's stock valued at $1,021,475,000 after purchasing an additional 114,351 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Public Service Enterprise Group by 8.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,657,207 shares of the utilities provider's stock valued at $722,546,000 after purchasing an additional 648,140 shares in the last quarter. Hedge funds and other institutional investors own 73.34% of the company's stock.

Insider Buying and Selling at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the firm's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $81.21, for a total value of $169,160.43. Following the completion of the sale, the chief executive officer owned 289,315 shares in the company, valued at approximately $23,495,271.15. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the firm's 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 sale, the senior vice president owned 28,481 shares of the company's stock, valued at $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 sold a total of 10,949 shares of company stock valued at $902,747 in the last 90 days. Company insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

PEG has been the topic of a number of analyst reports. Jefferies Financial Group lowered shares of Public Service Enterprise Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $90.00 to $89.00 in a report on Wednesday, April 15th. Wells Fargo & Company raised their price objective on shares of Public Service Enterprise Group from $96.00 to $97.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. LADENBURG THALM/SH SH lowered shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $87.50 to $84.50 in a report on Friday, March 13th. JPMorgan Chase & Co. raised their price objective on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, March 12th. Finally, Evercore upgraded shares of Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 price objective on the stock in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Public Service Enterprise Group currently has an average rating of "Moderate Buy" and an average target price of $93.19.

Public Service Enterprise Group Trading Down 0.3%

Shares of Public Service Enterprise Group stock opened at $79.84 on Thursday. Public Service Enterprise Group Incorporated has a 1 year low of $76.05 and a 1 year high of $91.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97. The company has a market capitalization of $39.79 billion, a P/E ratio of 17.66, a PEG ratio of 3.01 and a beta of 0.53. The company's fifty day moving average is $80.28 and its two-hundred day moving average is $81.19.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.11. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the firm posted $1.43 EPS. Public Service Enterprise Group's revenue for the quarter was up 19.4% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Analysts forecast that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 9th. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 59.29%.

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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