Public Service Enterprise Group Incorporated $PEG Stock Holdings Increased by National Pension Service

Key Points

• The National Pension Service increased its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 4.0%, owning 642,661 shares worth approximately $52.89 million after purchasing additional shares in the first quarter.
• CEO Ralph A. Larossa sold 1,387 shares at an average price of $83.12, resulting in a 0.63% decrease in his ownership, leaving him with 218,328 shares valued around $18.15 million.
• Public Service Enterprise Group announced a quarterly dividend of $0.63, with a yield of 2.9%, scheduled for payment on September 30th, with an ex-dividend date of September 9th.

National Pension Service boosted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 642,661 shares of the utilities provider's stock after buying an additional 24,643 shares during the period. National Pension Service owned 0.13% of Public Service Enterprise Group worth $52,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEG. Transce3nd LLC acquired a new stake in Public Service Enterprise Group during the 4th quarter worth $25,000. Chapman Financial Group LLC purchased a new position in Public Service Enterprise Group in the 4th quarter valued at $25,000. REAP Financial Group LLC raised its position in Public Service Enterprise Group by 105.9% during the 4th quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock worth $27,000 after buying an additional 162 shares during the last quarter. Headlands Technologies LLC purchased a new position in Public Service Enterprise Group during the 1st quarter worth $32,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Public Service Enterprise Group in the 4th quarter worth $50,000. Hedge funds and other institutional investors own 73.34% of the company's stock.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 1,387 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $83.12, for a total value of $115,287.44. Following the sale, the chief executive officer owned 218,328 shares in the company, valued at approximately $18,147,423.36. This represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PEG has been the subject of several analyst reports. Barclays cut their price target on shares of Public Service Enterprise Group from $83.00 to $82.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Evercore ISI dropped their price objective on Public Service Enterprise Group from $99.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. UBS Group boosted their target price on shares of Public Service Enterprise Group from $97.00 to $103.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wall Street Zen cut shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Sunday, July 20th. Finally, Morgan Stanley decreased their price objective on shares of Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $90.95.

Public Service Enterprise Group Trading Up 0.4%

PEG traded up $0.3110 during midday trading on Tuesday, hitting $84.4310. The company's stock had a trading volume of 496,639 shares, compared to its average volume of 2,865,781. The firm has a market cap of $42.14 billion, a P/E ratio of 21.32, a PEG ratio of 2.97 and a beta of 0.45. Public Service Enterprise Group Incorporated has a 52-week low of $74.67 and a 52-week high of $95.22. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $84.32 and a two-hundred day moving average price of $82.28.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm posted $0.63 earnings per share. Public Service Enterprise Group's revenue for the quarter was up 15.8% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. On average, research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 9th. Public Service Enterprise Group's dividend payout ratio is presently 63.64%.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.