Public Service Enterprise Group Incorporated $PEG Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking trimmed its stake in Public Service Enterprise Group (NYSE:PEG) by 2.3% in Q4, selling 37,645 shares and now holds ~1.599M shares (about 0.32%) valued at $128.4M; institutional investors own roughly 73.34% of the stock.
• Company insiders sold 8,866 shares totaling $733,587 over the past three months, including CEO Ralph A. Larossa selling 2,083 shares under a pre-arranged Rule 10b5-1 plan and SVP Richard T. Thigpen selling 4,700 shares.
• Q4 results slightly beat on EPS ($0.72 vs. $0.71) with revenue up 18.3% to $2.92B; the firm set FY2026 guidance at $4.28–$4.40 EPS (analysts see $4.36) and declared a $0.67 quarterly dividend (3.3% yield).

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,598,758 shares of the utilities provider's stock after selling 37,645 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.32% of Public Service Enterprise Group worth $128,401,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Chapman Financial Group LLC acquired a new stake in Public Service Enterprise Group in the 2nd quarter valued at approximately $25,000. Cedar Mountain Advisors LLC acquired a new position in Public Service Enterprise Group during the third quarter worth $27,000. Quest 10 Wealth Builders Inc. lifted its stake in Public Service Enterprise Group by 250.5% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider's stock worth $28,000 after purchasing an additional 248 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Public Service Enterprise Group during the third quarter worth $38,000. Finally, CGC Financial Services LLC boosted its position in shares of Public Service Enterprise Group by 98.5% during the third quarter. CGC Financial Services LLC now owns 520 shares of the utilities provider's stock worth $43,000 after buying an additional 258 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 2,083 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 291,398 shares in the company, valued at approximately $23,673,173.52. This trade represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the business's stock in a transaction 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 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,866 shares of company stock worth $733,587. Insiders own 0.19% of the company's stock.

Public Service Enterprise Group Stock Down 0.6%

Public Service Enterprise Group stock opened at $80.28 on Tuesday. The firm has a market capitalization of $40.04 billion, a P/E ratio of 19.02, a P/E/G ratio of 3.04 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. Public Service Enterprise Group Incorporated has a twelve month low of $76.00 and a twelve month high of $91.25. The stock's fifty day simple moving average is $82.66 and its 200-day simple moving average is $81.71.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the business posted $0.84 earnings per share. Public Service Enterprise Group's 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, equities analysts expect that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.67 dividend. The ex-dividend date 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 payout ratio is currently 63.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, March 12th. BMO Capital Markets raised their target price 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. Argus raised Public Service Enterprise Group to a "strong-buy" rating in a research report on Wednesday, January 14th. Truist Financial initiated coverage on shares of Public Service Enterprise Group in a research note on Tuesday, April 21st. They set a "hold" rating and a $91.00 price target on the stock. Finally, LADENBURG THALM/SH SH cut shares of 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Public Service Enterprise Group presently has a consensus rating of "Moderate Buy" and an average target price of $93.25.

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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