Public Service Enterprise Group Incorporated $PEG Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC raised its stake in Public Service Enterprise Group (NYSE:PEG) by 11% in Q3 to 250,013 shares, worth about $20.9 million.
• PEG beat quarterly estimates with $0.72 EPS (vs. $0.71) and $2.92B revenue (up 18.3% y/y), set FY2026 guidance of $4.28–$4.40 EPS, and raised its quarterly dividend to $0.67 (3.3% yield).
• Institutional ownership is 73.34% with large positions from Vanguard, Bank of America and Norges Bank, and analysts hold a consensus "Moderate Buy" rating with a $92.73 target price.

Natixis Advisors LLC raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 11.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,013 shares of the utilities provider's stock after acquiring an additional 24,837 shares during the quarter. Natixis Advisors LLC owned 0.05% of Public Service Enterprise Group worth $20,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Public Service Enterprise Group in the 2nd quarter worth approximately $564,238,000. Bank of America Corp DE lifted its stake in Public Service Enterprise Group by 24.7% during the second quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider's stock valued at $1,476,230,000 after purchasing an additional 3,469,886 shares during the last quarter. Invesco Ltd. lifted its stake in Public Service Enterprise Group by 27.8% during the second quarter. Invesco Ltd. now owns 6,473,897 shares of the utilities provider's stock valued at $544,973,000 after purchasing an additional 1,408,707 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Public Service Enterprise Group by 1.9% during the second quarter. Vanguard Group Inc. now owns 64,961,047 shares of the utilities provider's stock worth $5,468,421,000 after buying an additional 1,199,371 shares in the last quarter. Finally, Railway Pension Investments Ltd boosted its holdings in Public Service Enterprise Group by 97.5% during the third quarter. Railway Pension Investments Ltd now owns 1,897,800 shares of the utilities provider's stock worth $158,390,000 after buying an additional 937,100 shares in the last quarter. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Stock Down 1.1%

Shares of NYSE:PEG opened at $82.33 on Thursday. The firm has a 50 day simple moving average of $81.98 and a 200 day simple moving average of $81.79. Public Service Enterprise Group Incorporated has a 52 week low of $74.67 and a 52 week high of $91.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80. The company has a market cap of $41.06 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.71 and a beta of 0.60.

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

Public Service Enterprise Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.67 per share. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Public Service Enterprise Group's dividend payout ratio is presently 63.51%.

Analyst Upgrades and Downgrades

PEG has been the topic of several research reports. Barclays upped their price target on Public Service Enterprise Group from $81.00 to $89.00 and gave the company an "equal weight" rating in a report on Thursday, March 5th. Evercore upgraded Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 target price on the stock in a report on Thursday, March 5th. UBS Group cut their target price on Public Service Enterprise Group from $105.00 to $98.00 and set a "buy" rating on the stock in a research report on Wednesday, December 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $85.00 target price (down from $88.00) on shares of Public Service Enterprise Group in a report on Thursday, January 22nd. Finally, Argus upgraded Public Service Enterprise Group to a "strong-buy" rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.73.

Insider Buying and Selling at Public Service Enterprise Group

In related news, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total value of $390,100.00. Following the completion of the sale, the senior vice president directly owned 28,481 shares of the company's stock, valued at approximately $2,363,923. This represents a 14.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the firm's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $83.66, for a total value of $174,263.78. Following the sale, the chief executive officer owned 292,889 shares of the company's stock, valued at $24,503,093.74. The trade was a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is currently owned by insiders.

About Public Service Enterprise Group

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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