Man Group plc Acquires Shares of 192,499 Public Service Enterprise Group Incorporated $PEG

Key Points

• Man Group acquired 192,499 shares of Public Service Enterprise Group in the second quarter, valued at approximately $15.6 million. Institutional investors collectively own 73.34% of PEG.
• PEG reported quarterly EPS of $0.86, beating estimates of $0.80, although revenue fell 8.9% year over year to $2.55 billion. The company maintained 2026 EPS guidance of $4.28–$4.40.
• Shares opened at $73.29, near their 12-month low, while analysts have an overall “Hold” rating and an average price target of $89.43. PEG also declared a quarterly dividend of $0.67 per share, yielding about 3.7% annually.

Man Group plc acquired a new position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 192,499 shares of the utilities provider's stock, valued at approximately $15,623,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jupiter Topco LLC acquired a new position in Public Service Enterprise Group during the 2nd quarter worth approximately $7,544,000. Hsbc Holdings PLC acquired a new stake in Public Service Enterprise Group in the second quarter valued at approximately $113,132,000. Canada Pension Plan Investment Board purchased a new stake in shares of Public Service Enterprise Group during the second quarter valued at approximately $63,094,000. Legal & General Group Plc purchased a new stake in shares of Public Service Enterprise Group during the second quarter valued at approximately $554,994,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Public Service Enterprise Group during the second quarter worth $64,880,000. Hedge funds and other institutional investors own 73.34% of the company's stock.

Insider Transactions at Public Service Enterprise Group

In related news, COO Kim C. Hanemann sold 3,035 shares of Public Service Enterprise Group stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total value of $248,870.00. Following the completion of the transaction, the chief operating officer directly owned 98,815 shares in the company, valued at approximately $8,102,830. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of Public Service Enterprise Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the transaction, the senior vice president owned 20,970 shares of the company's stock, valued at $1,563,523.20. This trade represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 17,284 shares of company stock valued at $1,332,751. Insiders own 0.19% of the company's stock.

Public Service Enterprise Group Stock Down 1.0%

Shares of NYSE:PEG opened at $73.29 on Friday. 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 company has a fifty day simple moving average of $78.20 and a 200 day simple moving average of $80.17. The firm has a market cap of $36.53 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.79 and a beta of 0.51. Public Service Enterprise Group Incorporated has a 12-month low of $72.53 and a 12-month high of $87.63.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 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 firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the firm posted $0.77 EPS. The firm's revenue was down 8.9% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.7%. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PEG. 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. Morgan Stanley decreased their price objective on shares of Public Service Enterprise Group from $93.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. Truist Financial lowered their target price on 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. Weiss Ratings lowered Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group cut their price target on Public Service Enterprise Group from $89.00 to $78.00 and set a "hold" rating on the stock in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $89.43.

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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