Advisors Management Group Inc. ADV Invests $539,000 in Public Service Enterprise Group Incorporated $PEG

Advisors Management Group Inc. ADV bought a new position in Public Service Enterprise Group Incorporated (NYSE:PEG) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,707 shares of the utilities provider’s stock, valued at approximately $539,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new stake in Public Service Enterprise Group during the second quarter worth approximately $25,000. Chapman Financial Group LLC bought a new position in shares of Public Service Enterprise Group in the second quarter valued at $25,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Public Service Enterprise Group during the 3rd quarter valued at $38,000. Finally, CGC Financial Services LLC boosted its stake in shares of Public Service Enterprise Group by 98.5% during the 3rd quarter. CGC Financial Services LLC now owns 520 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 258 shares in the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total transaction of $174,263.78. Following the transaction, the chief executive officer owned 292,889 shares in the company, valued at approximately $24,503,093.74. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the sale, the senior vice president directly owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is owned by insiders.

Public Service Enterprise Group Stock Performance

Shares of NYSE PEG opened at $80.74 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $91.25. The business’s 50-day moving average price is $82.71 and its two-hundred day moving average price is $81.80. The company has a market capitalization of $40.27 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 2.63 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, March 10th. Public Service Enterprise Group’s dividend payout ratio is presently 63.51%.

Analysts Set New Price Targets

PEG has been the topic of a number of recent research reports. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $87.50 to $84.50 in a report on Friday, March 13th. Scotiabank reaffirmed a “sector perform” rating and set a $92.00 target price on shares of Public Service Enterprise Group in a report on Thursday, February 26th. Evercore upgraded Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price target for the company in a research report on Thursday, March 5th. Argus raised Public Service Enterprise Group to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen downgraded Public Service Enterprise Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.88.

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.