Public Service Enterprise Group Incorporated $PEG Shares Acquired by Assetmark Inc.

Key Points

• Assetmark Inc. increased its stake in Public Service Enterprise Group (NYSE:PEG) by 1.8% to 909,745 shares—about $73.05 million—and institutional investors now own approximately 73.34% of the company.
• Q4 results and outlook: PEG reported $0.72 EPS (vs. $0.71 expected) and $2.92B revenue (vs. $2.68B expected), set FY2026 guidance of $4.28–$4.40 EPS, and carries a MarketBeat consensus rating of "Moderate Buy" with a $93.50 target.
• Dividend and insider activity: the quarterly dividend was raised to $0.67 (annualized $2.68, ~3.3% yield), while insiders have sold 8,866 shares (~$733,587) in the past three months, leaving insiders with about 0.19% ownership.

Assetmark Inc. increased its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 909,745 shares of the utilities provider's stock after acquiring an additional 15,795 shares during the period. Assetmark Inc. owned approximately 0.18% of Public Service Enterprise Group worth $73,053,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Chapman Financial Group LLC acquired a new stake in shares of Public Service Enterprise Group in the 2nd quarter worth about $25,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Public Service Enterprise Group in the 3rd quarter worth about $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Public Service Enterprise Group in the 3rd quarter worth about $38,000. CGC Financial Services LLC increased 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 acquiring an additional 258 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Public Service Enterprise Group in the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 73.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PEG shares. Barclays increased their price objective on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an "equal weight" rating in a report on Thursday, March 5th. LADENBURG THALM/SH SH lowered Public Service Enterprise Group from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $87.50 to $84.50 in a research report on Friday, March 13th. Scotiabank reiterated a "sector perform" rating and set a $92.00 price target on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. BMO Capital Markets boosted their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a "market perform" rating in a research report on Monday. Finally, Argus upgraded Public Service Enterprise Group to a "strong-buy" rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Public Service Enterprise Group has an average rating of "Moderate Buy" and a consensus target price of $93.50.

Public Service Enterprise Group Stock Down 2.3%

Public Service Enterprise Group stock opened at $81.18 on Tuesday. The stock has a market cap of $40.49 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.70 and a beta of 0.58. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. The company's 50-day moving average price is $83.10 and its two-hundred day moving average price is $81.81. Public Service Enterprise Group Incorporated has a 52 week low of $76.00 and a 52 week high of $91.25.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. Public Service Enterprise Group's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 10th. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.63. Public Service Enterprise Group's dividend payout ratio is 63.51%.

Insider Activity

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total transaction of $169,222.92. Following the transaction, the chief executive officer owned 291,398 shares of the company's stock, valued at approximately $23,673,173.52. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 directly owned 28,481 shares in the company, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,866 shares of company stock worth $733,587. 0.19% of the stock is owned by corporate insiders.

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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