Russell Investments Group Ltd. Purchases 237,286 Shares of Public Service Enterprise Group Incorporated $PEG

Key Points

• Russell Investments increased its stake in Public Service Enterprise Group by 26.3% in Q3, adding 237,286 shares to hold 1,138,198 shares valued at roughly $94.99 million (about 0.23% of the company).
• Public Service Enterprise Group beat Q earnings and revenue estimates (Q: $0.72 EPS vs. $0.71 consensus; revenue up 18.3% YoY), set FY2026 guidance of 4.280–4.400 EPS, and raised its quarterly dividend to $0.67 (annualized $2.68, ~3.2% yield).

Russell Investments Group Ltd. grew its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 26.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,138,198 shares of the utilities provider's stock after acquiring an additional 237,286 shares during the quarter. Russell Investments Group Ltd. owned 0.23% of Public Service Enterprise Group worth $94,992,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PEG. Schroder Investment Management Group increased its position in Public Service Enterprise Group by 7.2% during the third quarter. Schroder Investment Management Group now owns 2,307,370 shares of the utilities provider's stock worth $191,604,000 after acquiring an additional 154,684 shares during the period. Inceptionr LLC acquired a new stake in Public Service Enterprise Group in the 3rd quarter worth about $1,153,000. Private Advisor Group LLC boosted its holdings in Public Service Enterprise Group by 0.9% in the 3rd quarter. Private Advisor Group LLC now owns 82,784 shares of the utilities provider's stock valued at $6,909,000 after purchasing an additional 763 shares during the period. PFG Advisors acquired a new position in shares of Public Service Enterprise Group during the 3rd quarter worth approximately $239,000. Finally, Parallel Advisors LLC grew its position in shares of Public Service Enterprise Group by 12.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,578 shares of the utilities provider's stock worth $299,000 after purchasing an additional 393 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group 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 transaction, the senior vice president owned 28,481 shares in the company, valued at $2,363,923. The trade was a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $83.66, for a total value of $174,263.78. Following the completion of the transaction, the chief executive officer owned 292,889 shares in the company, valued at approximately $24,503,093.74. This represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is currently owned by insiders.

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG opened at $84.06 on Tuesday. The firm has a 50 day moving average of $81.89 and a 200-day moving average of $81.79. Public Service Enterprise Group Incorporated has a 12 month low of $74.67 and a 12 month high of $91.25. 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 stock has a market capitalization of $41.92 billion, a PE ratio of 19.92, a PEG ratio of 2.71 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) 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 business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the business posted $0.84 EPS. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal 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 paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is 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 59.72%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PEG shares. Wells Fargo & Company raised their target price on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Barclays increased their price target on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 5th. Wall Street Zen lowered Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $85.00 price objective (down from $88.00) on shares of Public Service Enterprise Group in a report on Thursday, January 22nd. Finally, LADENBURG THALM/SH SH upgraded Public Service Enterprise Group from a "neutral" rating to a "buy" rating and set a $87.50 target price for the company in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $92.73.

Public Service Enterprise Group 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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