NBC Securities Inc. Cuts Stock Position in Public Service Enterprise Group Incorporated $PEG

Key Points

• NBC Securities Inc. reduced its position in Public Service Enterprise Group (NYSE:PEG) by 90.3%, selling 45,093 shares and leaving 4,847 shares valued at $389,000 at quarter-end.
• Analyst sentiment is mixed but tilting positive, with an average rating of "Moderate Buy" and an average target price of $93.25 after several recent upgrades and downgrades.
• PEG slightly beat quarterly expectations (EPS $0.72 vs. $0.71, revenue $2.92B vs. $2.68B), provided FY2026 guidance of 4.28–4.40 EPS, and announced a quarterly dividend of $0.67 (annual yield ~3.3%).

NBC Securities Inc. reduced its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 90.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,847 shares of the utilities provider's stock after selling 45,093 shares during the quarter. NBC Securities Inc.'s holdings in Public Service Enterprise Group were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEG. Chapman Financial Group LLC purchased a new position in shares of Public Service Enterprise Group in the 2nd quarter worth about $25,000. Cedar Mountain Advisors LLC purchased a new position in shares of Public Service Enterprise Group in the 3rd quarter worth about $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Public Service Enterprise Group in the 3rd quarter worth about $38,000. CGC Financial Services LLC boosted its holdings in shares of Public Service Enterprise Group by 98.5% in the 3rd quarter. CGC Financial Services LLC now owns 520 shares of the utilities provider's stock worth $43,000 after purchasing an additional 258 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Public Service Enterprise Group in the 3rd quarter worth about $43,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. 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. Jefferies Financial Group cut Public Service Enterprise Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $90.00 to $89.00 in a report on Wednesday, April 15th. Wall Street Zen cut Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from $87.50 to $84.50 in a report on Friday, March 13th. Finally, Truist Financial began coverage on Public Service Enterprise Group in a report on Tuesday, April 21st. They set a "hold" rating and a $91.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $93.25.

Public Service Enterprise Group Trading Up 0.1%

Shares of PEG stock opened at $80.80 on Monday. The stock has a market capitalization of $40.30 billion, a PE ratio of 19.15, a P/E/G ratio of 3.04 and a beta of 0.58. Public Service Enterprise Group Incorporated has a 1-year low of $76.00 and a 1-year high of $91.25. The business has a 50-day moving average of $82.78 and a 200 day moving average of $81.72. 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 released its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 12.11% and a net margin of 17.35%.Public Service Enterprise Group's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. Public Service Enterprise Group's dividend payout ratio is presently 63.51%.

Insider Buying and Selling

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,700 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president owned 28,481 shares of the company's stock, valued at $2,363,923. This represents a 14.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total value of $169,222.92. Following the transaction, the chief executive officer directly owned 291,398 shares of the company's stock, valued at $23,673,173.52. The trade was a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,866 shares of company stock valued at $733,587 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

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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