PensionDanmark Pensionsforsikringsaktieselskab Boosts Position in Public Service Enterprise Group Incorporated $PEG

PensionDanmark Pensionsforsikringsaktieselskab lifted its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,430 shares of the utilities provider’s stock after purchasing an additional 15,031 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Public Service Enterprise Group were worth $11,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEG. Chapman Financial Group LLC acquired a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth approximately $25,000. Quest 10 Wealth Builders Inc. grew its position in Public Service Enterprise Group by 250.5% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 248 shares during the period. Bayban purchased a new position in Public Service Enterprise Group in the fourth quarter worth approximately $33,000. Motiv8 Investments LLC acquired a new stake in Public Service Enterprise Group during the fourth quarter worth $40,000. Finally, TFC Financial Management Inc. increased its stake in Public Service Enterprise Group by 3,000.0% during the fourth quarter. TFC Financial Management Inc. now owns 589 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 570 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEG has been the topic of several recent analyst reports. Truist Financial upped their price target on 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 cut their price objective on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Wells Fargo & Company decreased their target price on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday. BMO Capital Markets increased their target price on shares of Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. Finally, Citigroup dropped their price target on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $90.63.

Public Service Enterprise Group Trading Up 0.9%

PEG opened at $75.68 on Friday. Public Service Enterprise Group Incorporated has a 52 week low of $74.20 and a 52 week high of $88.65. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.31. The business has a fifty day simple moving average of $79.37 and a 200-day simple moving average of $80.71. The firm has a market cap of $37.72 billion, a P/E ratio of 18.83, a P/E/G ratio of 2.82 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%.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 previous year, the business earned $0.77 EPS. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts expect that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. Public Service Enterprise Group’s dividend payout ratio is 66.67%.

Insider Transactions at Public Service Enterprise Group

In other news, COO Kim C. Hanemann sold 3,035 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total transaction of $248,870.00. Following the sale, the chief operating officer owned 98,815 shares of the company’s stock, valued at approximately $8,102,830. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $76.47, for a total transaction of $159,287.01. Following the completion of the transaction, 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. 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 9,284 shares of company stock worth $736,271 over the last quarter. Insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Company 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.