Public Service Enterprise Group Incorporated $PEG Shares Sold by Hamlin Capital Management LLC

Key Points

• Hamlin Capital Management cut its PSEG stake by 1.1%, selling 24,636 shares and retaining 2.25 million shares valued at approximately $182.3 million. Institutional investors collectively own 73.34% of the utility.
• PSEG’s second-quarter EPS of $0.86 exceeded estimates of $0.80, but revenue fell 8.9% year over year to $2.55 billion, below the $2.66 billion consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $90.63.
• The company reaffirmed fiscal 2026 EPS guidance of $4.28–$4.40 and declared a quarterly dividend of $0.67 per share, representing a 3.5% annualized yield. Shares opened at $75.57, near the stock’s 52-week low.

Hamlin Capital Management LLC reduced its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,246,234 shares of the utilities provider's stock after selling 24,636 shares during the quarter. Public Service Enterprise Group accounts for about 4.1% of Hamlin Capital Management LLC's holdings, making the stock its 9th biggest holding. Hamlin Capital Management LLC owned approximately 0.45% of Public Service Enterprise Group worth $182,304,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Public Service Enterprise Group by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider's stock valued at $5,420,155,000 after purchasing an additional 2,189,951 shares in the last quarter. State Street Corp increased its position in Public Service Enterprise Group by 2.8% during the 4th quarter. State Street Corp now owns 28,361,198 shares of the utilities provider's stock worth $2,277,404,000 after purchasing an additional 762,591 shares in the last quarter. Bank of America Corp DE lifted its stake in Public Service Enterprise Group by 24.7% in the 2nd 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. Geode Capital Management LLC boosted its position in Public Service Enterprise Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider's stock valued at $1,021,475,000 after buying an additional 114,351 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Public Service Enterprise Group by 9.8% in the second quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider's stock valued at $674,218,000 after buying an additional 715,051 shares in the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PEG shares. Truist Financial upped their price target on shares of Public Service Enterprise Group from $88.00 to $90.00 and gave the stock a "hold" rating in a report on Thursday, July 16th. BMO Capital Markets raised their price objective on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a "market perform" rating in a report on Monday, April 13th. Jefferies Financial Group reduced their price objective on Public Service Enterprise Group from $89.00 to $78.00 and set a "hold" rating on the stock in a research report on Monday, July 20th. Wall Street Zen raised Public Service Enterprise Group from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a research report on Thursday, July 2nd. They issued a "sector perform" rating and a $81.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.63.

Insider Activity

In other Public Service Enterprise Group news, COO Kim C. Hanemann sold 3,035 shares of the company's stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total value of $248,870.00. Following the sale, the chief operating officer owned 98,815 shares in the company, valued at approximately $8,102,830. The trade was a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $76.47, for a total value of $159,287.01. Following the completion of the sale, the chief executive officer directly owned 283,656 shares of the company's stock, valued at approximately $21,691,174.32. The trade was a 0.73% 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 9,284 shares of company stock worth $736,271 over the last ninety days. Company insiders own 0.19% of the company's stock.

Public Service Enterprise Group Trading Down 0.9%

Shares of NYSE PEG opened at $75.57 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97. Public Service Enterprise Group Incorporated has a 52-week low of $74.20 and a 52-week high of $88.65. The firm has a 50 day moving average price of $79.51 and a two-hundred day moving average price of $80.78. The stock has a market cap of $37.66 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 2.87 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.06. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.46%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. Public Service Enterprise Group's revenue was down 8.9% 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, equities analysts forecast that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.68 annualized dividend and a yield of 3.5%. Public Service Enterprise Group's payout ratio is presently 59.29%.

Key Headlines Impacting Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: EPS exceeded expectations: PSEG reported second-quarter earnings of $0.86 per share, ahead of the $0.80 consensus and up from $0.77 a year earlier. The earnings outperformance provides some support for PEG. PSEG Tops Q2 Earnings Estimates
• Positive Sentiment: 2026 outlook was maintained: Management reaffirmed operating EPS guidance of $4.28 to $4.40, broadly consistent with the $4.38 analyst consensus. PSEG also plans to submit a base-rate filing by the end of 2026, potentially supporting future regulated-utility earnings and cash flow. PSEG Reaffirms 2026 EPS and Base-Rate Filing Plans
• Positive Sentiment: Dividend remains attractive: PSEG declared a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a yield of approximately 3.5%. PSEG Dividend and Insider Trading Report
• Neutral Sentiment: CEO sale was conducted under a trading plan: CEO Ralph Larossa sold 2,083 shares for about $159,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.73%, limiting its significance for investors. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed and declined: Quarterly revenue of $2.55 billion fell short of the $2.66 billion estimate and decreased 8.9% year over year. The top-line weakness offsets part of the EPS beat and may be weighing on the stock. PSEG Quarterly Earnings Report
• Negative Sentiment: Analysts reduced price targets: Citigroup cut its target from $91 to $84 and assigned a neutral rating, while Wells Fargo lowered its target from $91 to $89 but retained an overweight rating. The revisions signal more cautious near-term expectations despite implied upside. Benzinga Analyst Rating Updates

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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