Public Service Enterprise Group Incorporated $PEG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Public Service Enterprise Group (NYSE:PEG) by 3.8%, selling 44,275 shares and leaving 1,125,270 shares valued at about $90.36 million.
• PEG beat quarterly expectations with EPS of $0.72 (vs. $0.71 est.) and revenue of $2.92 billion (up 18.3% YoY), and issued FY2026 guidance of 4.28–4.40 EPS.
• The company increased its quarterly dividend to $0.67 (annualized $2.68, ~3.3% yield), even as insiders sold a modest number of shares and institutional ownership remains high (~73.3%).

Sumitomo Mitsui Trust Group Inc. decreased its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,125,270 shares of the utilities provider's stock after selling 44,275 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Public Service Enterprise Group worth $90,359,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PEG. Vanguard Group Inc. grew its stake in Public Service Enterprise Group by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 65,308,870 shares of the utilities provider's stock worth $5,450,678,000 after buying an additional 347,823 shares during the last quarter. State Street Corp grew its stake in Public Service Enterprise Group by 1.0% during the 3rd quarter. State Street Corp now owns 27,598,607 shares of the utilities provider's stock worth $2,303,380,000 after buying an additional 267,871 shares during the last quarter. Bank of America Corp DE grew its stake in Public Service Enterprise Group by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 17,773,378 shares of the utilities provider's stock worth $1,483,366,000 after buying an additional 236,794 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Public Service Enterprise Group by 8.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,657,207 shares of the utilities provider's stock worth $722,546,000 after buying an additional 648,140 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in Public Service Enterprise Group by 6.2% during the 3rd quarter. Capital Research Global Investors now owns 8,132,936 shares of the utilities provider's stock worth $678,775,000 after buying an additional 477,387 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company's stock.

Public Service Enterprise Group Trading Down 2.3%

Shares of PEG stock opened at $81.18 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80. Public Service Enterprise Group Incorporated has a 1 year low of $76.00 and a 1 year high of $91.25. The stock has a fifty day moving average of $83.10 and a two-hundred day moving average of $81.81. The firm has a market capitalization of $40.49 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.70 and a beta of 0.58.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate 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 revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. 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 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Public Service Enterprise Group's previous quarterly dividend of $0.63. Public Service Enterprise Group's dividend payout ratio (DPR) is currently 63.51%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Scotiabank restated a "sector perform" rating and set a $92.00 price objective on shares of Public Service Enterprise Group in a research note on Thursday, February 26th. LADENBURG THALM/SH SH downgraded Public Service Enterprise Group from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $87.50 to $84.50 in a research note on Friday, March 13th. Argus upgraded Public Service Enterprise Group to a "strong-buy" rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. upped their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, March 12th. Finally, Barclays upped their price objective on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $93.50.

Insider Buying and Selling

In other news, SVP Richard T. Thigpen sold 4,700 shares of the company's stock in a transaction on 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 owned 28,481 shares in the company, valued at $2,363,923. This represents a 14.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the company'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 completion of the sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 8,866 shares of company stock valued at $733,587. Company insiders own 0.19% of the company's stock.

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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