Teacher Retirement System of Texas Acquires 12,767 Shares of Public Service Enterprise Group Incorporated $PEG

Key Points

• Teacher Retirement System of Texas increased its stake in Public Service Enterprise Group by 16.6%, buying 12,767 shares to hold 89,782 shares valued at about $7.21 million.
• PEG beat quarterly expectations with $0.72 EPS (vs. $0.71 est.) and $2.92 billion in revenue, and set FY2026 guidance of $4.28–$4.40 EPS (analysts' consensus ~4.36).
• The company declared a $0.67 quarterly dividend (annualized $2.68) for a yield of roughly 3.3%, while Wall Street's consensus is a "Moderate Buy" with a $93.25 target and institutional ownership at 73.34%.

Teacher Retirement System of Texas increased its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 16.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,782 shares of the utilities provider's stock after buying an additional 12,767 shares during the period. Teacher Retirement System of Texas' holdings in Public Service Enterprise Group were worth $7,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of PEG. Nordea Investment Management AB grew its holdings in shares of Public Service Enterprise Group by 28.6% during the fourth quarter. Nordea Investment Management AB now owns 2,266,925 shares of the utilities provider's stock valued at $182,759,000 after buying an additional 504,632 shares during the last quarter. JARISLOWSKY FRASER Ltd grew its holdings in shares of Public Service Enterprise Group by 107.1% during the third quarter. JARISLOWSKY FRASER Ltd now owns 1,025,305 shares of the utilities provider's stock valued at $85,572,000 after buying an additional 530,248 shares during the last quarter. Railway Pension Investments Ltd grew its holdings in shares of Public Service Enterprise Group by 97.5% during the third quarter. Railway Pension Investments Ltd now owns 1,897,800 shares of the utilities provider's stock valued at $158,390,000 after buying an additional 937,100 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Public Service Enterprise Group by 4.6% during the third quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider's stock valued at $74,609,000 after buying an additional 38,949 shares during the last quarter. Finally, Greenland Capital Management LP grew its holdings in shares of Public Service Enterprise Group by 238.9% during the third quarter. Greenland Capital Management LP now owns 69,734 shares of the utilities provider's stock valued at $5,820,000 after buying an additional 49,157 shares during the last quarter. Institutional investors own 73.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PEG. Evercore raised shares of Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 price objective on the stock in a report on Thursday, March 5th. 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. JPMorgan Chase & Co. upped their price target on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, March 12th. Jefferies Financial Group lowered shares of Public Service Enterprise Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $90.00 to $89.00 in a report on Wednesday, April 15th. Finally, Argus raised shares of Public Service Enterprise Group to a "strong-buy" rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $93.25.

Public Service Enterprise Group Trading Up 0.1%

PEG stock opened at $80.80 on Monday. The company's 50-day simple moving average is $82.78 and its 200-day simple moving average is $81.72. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group Incorporated has a 52-week low of $76.00 and a 52-week high of $91.25. The firm has a market cap of $40.30 billion, a P/E ratio of 19.15, a PEG ratio of 3.04 and a beta of 0.58.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. 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 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business 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 of this dividend 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 dividend payout ratio (DPR) is currently 63.51%.

Insider Transactions at Public Service Enterprise Group

In related news, SVP Richard T. Thigpen sold 4,700 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the transaction, the senior vice president directly owned 28,481 shares of the company's stock, valued at approximately $2,363,923. This trade represents a 14.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total transaction of $169,222.92. Following the completion of the transaction, the chief executive officer directly owned 291,398 shares in the company, valued at $23,673,173.52. This represents a 0.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,866 shares of company stock worth $733,587 over the last ninety days. 0.19% of the stock is currently owned by corporate 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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