Public Service Enterprise Group Incorporated $PEG Shares Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer increased its stake in Public Service Enterprise Group by 182.1%, buying an additional 277,830 shares to own 430,424 shares (about $34.56 million or ~0.09% of the company).
• Public Service Enterprise Group beat Q1 estimates with EPS of $1.55 (vs. $1.44) and revenue up 19.4% to $3.85 billion, and it set FY2026 guidance of 4.28–4.40 EPS amid a MarketBeat consensus EPS of 4.36 and a consensus price target of $93.42 ("Moderate Buy").
• The company declared a quarterly dividend of $0.67 (annualized $2.68) payable June 30, implying a 3.4% yield and a payout ratio of 59.29%.

ASR Vermogensbeheer N.V. grew its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 182.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,424 shares of the utilities provider's stock after purchasing an additional 277,830 shares during the quarter. ASR Vermogensbeheer N.V. owned approximately 0.09% of Public Service Enterprise Group worth $34,564,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PEG. Rossby Financial LCC grew its position in shares of Public Service Enterprise Group by 5.5% during the 3rd quarter. Rossby Financial LCC now owns 2,311 shares of the utilities provider's stock valued at $191,000 after acquiring an additional 121 shares during the period. Colonial Trust Co SC raised its holdings in Public Service Enterprise Group by 26.8% in the 3rd quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider's stock worth $48,000 after purchasing an additional 121 shares during the period. JPL Wealth Management LLC boosted its position in Public Service Enterprise Group by 0.4% during the third quarter. JPL Wealth Management LLC now owns 32,758 shares of the utilities provider's stock worth $2,734,000 after purchasing an additional 122 shares in the last quarter. Transcend Capital Advisors LLC boosted its position in Public Service Enterprise Group by 2.6% during the third quarter. Transcend Capital Advisors LLC now owns 4,916 shares of the utilities provider's stock worth $410,000 after purchasing an additional 125 shares in the last quarter. Finally, Strategic Investment Advisors MI boosted its position in Public Service Enterprise Group by 0.8% during the third quarter. Strategic Investment Advisors MI now owns 15,954 shares of the utilities provider's stock worth $1,331,000 after purchasing an additional 127 shares in the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Price Performance

Public Service Enterprise Group stock opened at $77.87 on Friday. Public Service Enterprise Group Incorporated has a 52-week low of $76.00 and a 52-week high of $91.25. The firm has a market capitalization of $38.81 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.99 and a beta of 0.53. The company has a fifty day simple moving average of $81.94 and a 200-day simple moving average of $81.57. The company has a quick ratio of 0.60, a current ratio of 0.97 and a debt-to-equity ratio of 1.31.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The company's revenue for the quarter was up 19.4% 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 analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 3.4%. Public Service Enterprise Group's payout ratio is presently 59.29%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEG. Barclays increased their price target on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, March 12th. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and dropped their price target for the company from $87.50 to $84.50 in a research note on Friday, March 13th. Truist Financial assumed coverage on shares of Public Service Enterprise Group in a research note on Tuesday, April 21st. They issued a "hold" rating and a $91.00 price target on the stock. Finally, Jefferies Financial Group cut shares of Public Service Enterprise Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $90.00 to $89.00 in a research note on Wednesday, April 15th. One 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.42.

Insider Activity

In other news, SVP Richard T. Thigpen sold 4,700 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the transaction, the senior vice president owned 28,481 shares of the company's stock, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $81.21, for a total transaction of $169,160.43. Following the transaction, the chief executive officer directly owned 289,315 shares in the company, valued at approximately $23,495,271.15. The trade was a 0.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 10,949 shares of company stock worth $902,747. Corporate insiders own 0.19% of the company's stock.

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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