World Investment Advisors Has $6.66 Million Stake in Public Service Enterprise Group Incorporated $PEG

World Investment Advisors boosted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 36.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 82,943 shares of the utilities provider’s stock after buying an additional 22,193 shares during the period. World Investment Advisors’ holdings in Public Service Enterprise Group were worth $6,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chapman Financial Group LLC acquired a new stake in Public Service Enterprise Group in the second quarter valued at $25,000. Quest 10 Wealth Builders Inc. increased its holdings 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 valued at $28,000 after purchasing an additional 248 shares during the period. Bayban bought a new stake in Public Service Enterprise Group during the fourth quarter valued at $33,000. Motiv8 Investments LLC bought a new stake in Public Service Enterprise Group during the fourth quarter valued at $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Public Service Enterprise Group during the fourth quarter valued at $44,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEG has been the topic of a number of research analyst reports. 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 report on Thursday, March 5th. Jefferies Financial Group cut shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating and cut their price target for the company from $90.00 to $89.00 in a research report on Wednesday, April 15th. 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 research report on Thursday, March 12th. Scotiabank reaffirmed a “sector perform” rating and set a $92.00 price target on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. Finally, Barclays upped their price target on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Public Service Enterprise Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.19.

Public Service Enterprise Group Stock Performance

Shares of PEG opened at $79.61 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $39.67 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 2.99 and a beta of 0.53. The firm’s fifty day simple moving average is $80.51 and its two-hundred day simple moving average is $81.22. Public Service Enterprise Group Incorporated has a 12 month low of $76.05 and a 12 month high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts predict that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio is 59.29%.

Insider Transactions at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the transaction, the senior vice president owned 28,481 shares of the company’s stock, valued at $2,363,923. This represents a 14.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $81.21, for a total transaction of $169,160.43. Following the transaction, the chief executive officer directly owned 289,315 shares in the company, valued at $23,495,271.15. This trade represents a 0.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,949 shares of company stock worth $902,747 in the last three months. Insiders own 0.19% of the company’s stock.

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.