Vanguard Group Inc. Buys 2,189,951 Shares of Public Service Enterprise Group Incorporated $PEG

Key Points

• Vanguard Group raised its stake by 3.4%, buying 2,189,951 shares to hold 67,498,821 shares (about 13.52%) of Public Service Enterprise Group, valued at roughly $5.42 billion.
• PEG beat quarterly EPS estimates ($0.72 vs. $0.71) with revenue up 18.3% year-over-year and set FY2026 guidance of 4.28–4.40 EPS, near analysts' consensus of about $4.36.
• The company announced a quarterly dividend of $0.67 ($2.68 annualized), implying a ~3.3% yield and a payout ratio of 63.51%.

Vanguard Group Inc. lifted its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,498,821 shares of the utilities provider's stock after acquiring an additional 2,189,951 shares during the period. Vanguard Group Inc. owned approximately 13.52% of Public Service Enterprise Group worth $5,420,155,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Nordea Investment Management AB boosted its holdings in 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 worth $182,759,000 after purchasing an additional 504,632 shares during the last quarter. JARISLOWSKY FRASER Ltd boosted its holdings in 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 worth $85,572,000 after purchasing an additional 530,248 shares during the last quarter. Railway Pension Investments Ltd boosted its holdings in 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 worth $158,390,000 after purchasing an additional 937,100 shares during the last quarter. Assetmark Inc. boosted its holdings in Public Service Enterprise Group by 4.6% during the third quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider's stock worth $74,609,000 after purchasing an additional 38,949 shares during the last quarter. Finally, Greenland Capital Management LP lifted its stake in Public Service Enterprise Group by 238.9% in the third quarter. Greenland Capital Management LP now owns 69,734 shares of the utilities provider's stock valued at $5,820,000 after acquiring an additional 49,157 shares during the last quarter. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Price Performance

Shares of Public Service Enterprise Group stock opened at $80.28 on Tuesday. Public Service Enterprise Group Incorporated has a twelve month low of $76.00 and a twelve month high of $91.25. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28. The company has a 50-day simple moving average of $82.66 and a two-hundred day simple moving average of $81.71. The stock has a market capitalization of $40.04 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 3.04 and a beta of 0.58.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating 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 firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the firm earned $0.84 EPS. The business's quarterly 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. Analysts forecast that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Public Service Enterprise Group's payout ratio is presently 63.51%.

Insider Buying and Selling

In other news, SVP Richard T. Thigpen sold 4,700 shares of the business's stock in a transaction that occurred on 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 owned 28,481 shares in the company, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The stock was 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 owned 291,398 shares in the company, valued at $23,673,173.52. This trade represents a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,866 shares of company stock worth $733,587 over the last three months. Insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on PEG shares. Truist Financial started coverage on shares of Public Service Enterprise Group in a research note on Tuesday, April 21st. They issued a "hold" rating and a $91.00 price target for the company. JPMorgan Chase & Co. increased 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 research note on Thursday, March 12th. Weiss Ratings reiterated a "buy (b)" rating on shares of Public Service Enterprise Group in a research note on Friday, March 27th. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a "buy" rating to a "neutral" rating and cut their price target for the company from $87.50 to $84.50 in a research note on Friday, March 13th. Finally, Wall Street Zen cut shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Public Service Enterprise Group has an average rating of "Moderate Buy" and a consensus target price of $93.25.

About Public Service Enterprise Group

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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