Hamlin Capital Management LLC Cuts Holdings in Public Service Enterprise Group Incorporated $PEG

Hamlin Capital Management LLC reduced its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 1.1% in the second quarter, HoldingsChannel.com reports. The fund owned 2,246,234 shares of the utilities provider’s stock after selling 24,636 shares during the quarter. Public Service Enterprise Group accounts for 4.1% of Hamlin Capital Management LLC’s holdings, making the stock its 9th biggest position. Hamlin Capital Management LLC’s holdings in Public Service Enterprise Group were worth $182,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PEG. Chapman Financial Group LLC bought a new stake in shares of Public Service Enterprise Group during the 2nd quarter valued at about $25,000. Quest 10 Wealth Builders Inc. grew its stake in Public Service Enterprise Group by 250.5% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 248 shares during the period. Bayban bought a new stake in Public Service Enterprise Group in the fourth quarter worth approximately $33,000. Motiv8 Investments LLC bought a new stake in Public Service Enterprise Group in the fourth quarter worth approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Public Service Enterprise Group in the fourth quarter valued at approximately $44,000. 73.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PEG. Weiss Ratings cut Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Truist Financial lifted their price objective on shares of Public Service Enterprise Group from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Jefferies Financial Group dropped their target price on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Citigroup cut their target price on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.63.

Public Service Enterprise Group Stock Performance

NYSE PEG opened at $75.57 on Thursday. The company has a market cap of $37.66 billion, a P/E ratio of 18.80, a PEG ratio of 2.87 and a beta of 0.51. The company has a fifty day simple moving average of $79.51 and a 200 day simple moving average of $80.78. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.31. Public Service Enterprise Group Incorporated has a 12-month low of $74.20 and a 12-month high of $88.65.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.46%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The business’s revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Sell-side analysts predict that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio is currently 59.29%.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $76.47, for a total transaction of $159,287.01. Following the completion of the sale, the chief executive officer directly owned 283,656 shares of the company’s stock, valued at approximately $21,691,174.32. The trade was a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kim C. Hanemann sold 3,035 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total value of $248,870.00. Following the sale, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at $8,102,830. This represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,284 shares of company stock worth $736,271 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

Key Public Service Enterprise Group News

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: EPS exceeded expectations: PSEG reported second-quarter earnings of $0.86 per share, ahead of the $0.80 consensus and up from $0.77 a year earlier. The earnings outperformance provides some support for PEG. PSEG Tops Q2 Earnings Estimates
• Positive Sentiment: 2026 outlook was maintained: Management reaffirmed operating EPS guidance of $4.28 to $4.40, broadly consistent with the $4.38 analyst consensus. PSEG also plans to submit a base-rate filing by the end of 2026, potentially supporting future regulated-utility earnings and cash flow. PSEG Reaffirms 2026 EPS and Base-Rate Filing Plans
• Positive Sentiment: Dividend remains attractive: PSEG declared a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a yield of approximately 3.5%. PSEG Dividend and Insider Trading Report
• Neutral Sentiment: CEO sale was conducted under a trading plan: CEO Ralph Larossa sold 2,083 shares for about $159,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.73%, limiting its significance for investors. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed and declined: Quarterly revenue of $2.55 billion fell short of the $2.66 billion estimate and decreased 8.9% year over year. The top-line weakness offsets part of the EPS beat and may be weighing on the stock. PSEG Quarterly Earnings Report
• Negative Sentiment: Analysts reduced price targets: Citigroup cut its target from $91 to $84 and assigned a neutral rating, while Wells Fargo lowered its target from $91 to $89 but retained an overweight rating. The revisions signal more cautious near-term expectations despite implied upside. Benzinga Analyst Rating Updates

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.