Swiss Life Asset Management Ltd Buys 76,590 Shares of Public Service Enterprise Group Incorporated $PEG

Key Points

• Swiss Life Asset Management boosted its stake in Public Service Enterprise Group by 81.8%, adding 76,590 shares to hold 170,202 shares valued at about $14.205 million.
• Public Service Enterprise Group raised its quarterly dividend to $0.67 (from $0.63), a $2.68 annualized payout with a ~3.2% yield; the record date is Mar 10 and payment date Mar 31.
• PEG beat quarterly estimates with $0.72 EPS vs. $0.71 expected and $2.92B revenue, set FY2026 guidance of $4.28–$4.40 EPS, and carries a consensus analyst rating of "Moderate Buy" (average target ~$92.88).

Swiss Life Asset Management Ltd boosted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 81.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,202 shares of the utilities provider's stock after purchasing an additional 76,590 shares during the quarter. Swiss Life Asset Management Ltd's holdings in Public Service Enterprise Group were worth $14,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Public Service Enterprise Group by 0.5% in the third quarter. Vanguard Group Inc. now owns 65,308,870 shares of the utilities provider's stock worth $5,450,678,000 after acquiring an additional 347,823 shares in the last quarter. State Street Corp raised its position in Public Service Enterprise Group by 1.0% during the third quarter. State Street Corp now owns 27,598,607 shares of the utilities provider's stock valued at $2,303,380,000 after purchasing an additional 267,871 shares in the last quarter. Bank of America Corp DE lifted its stake in Public Service Enterprise Group by 1.4% during the third quarter. Bank of America Corp DE now owns 17,773,378 shares of the utilities provider's stock worth $1,483,366,000 after purchasing an additional 236,794 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Public Service Enterprise Group by 8.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,657,207 shares of the utilities provider's stock worth $722,546,000 after purchasing an additional 648,140 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Public Service Enterprise Group by 6.2% in the 3rd quarter. Capital Research Global Investors now owns 8,132,936 shares of the utilities provider's stock worth $678,775,000 after purchasing an additional 477,387 shares in the last quarter. Hedge funds and other institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Trading Down 1.8%

PEG opened at $82.71 on Friday. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $91.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60. The business has a 50 day simple moving average of $82.55 and a two-hundred day simple moving average of $81.84. The firm has a market capitalization of $41.25 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.74 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The business's revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. 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 63.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Public Service Enterprise Group in a report on Monday, December 29th. Evercore raised shares of Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 price target on the stock in a research note on Thursday, March 5th. Scotiabank restated a "sector perform" rating and issued a $92.00 price objective on shares of Public Service Enterprise Group in a report on Thursday, February 26th. UBS Group cut their price objective on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a "buy" rating for the company in a research note on Wednesday, December 17th. Finally, Wall Street Zen lowered shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Public Service Enterprise Group presently has a consensus rating of "Moderate Buy" and an average target price of $92.88.

Insider Activity

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $83.66, for a total transaction of $174,263.78. Following the sale, the chief executive officer directly owned 292,889 shares of the company's stock, valued at approximately $24,503,093.74. The trade was a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Richard T. Thigpen sold 4,700 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president owned 28,481 shares in the company, valued at $2,363,923. This trade represents a 14.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is owned by insiders.

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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