Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $1.07 Million Holdings in Public Service Enterprise Group Incorporated $PEG

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 87.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,234 shares of the utilities provider’s stock after purchasing an additional 6,157 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Public Service Enterprise Group were worth $1,071,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Keybank National Association OH increased its holdings in Public Service Enterprise Group by 54.7% in the 1st quarter. Keybank National Association OH now owns 10,082 shares of the utilities provider’s stock valued at $816,000 after buying an additional 3,564 shares during the period. Financial Life Planners bought a new stake in shares of Public Service Enterprise Group during the 1st quarter worth approximately $55,000. USS Investment Management Ltd lifted its holdings in shares of Public Service Enterprise Group by 6.8% during the 1st quarter. USS Investment Management Ltd now owns 85,061 shares of the utilities provider’s stock worth $6,887,000 after acquiring an additional 5,434 shares during the period. iA Global Asset Management Inc. boosted its position in shares of Public Service Enterprise Group by 1,280.8% during the 1st quarter. iA Global Asset Management Inc. now owns 25,199 shares of the utilities provider’s stock worth $2,040,000 after acquiring an additional 23,374 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Public Service Enterprise Group during the 1st quarter worth approximately $704,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $80.51, for a total transaction of $167,702.33. Following the sale, the chief executive officer owned 285,149 shares in the company, valued at $22,957,345.99. The trade was a 0.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total value of $248,870.00. Following the completion of the transaction, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at approximately $8,102,830. The trade was a 2.98% decrease in their position. 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 valued at $746,145 over the last quarter. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PEG shares. Wells Fargo & Company boosted their price objective on shares of Public Service Enterprise Group from $96.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. LADENBURG THALM/SH SH downgraded Public Service Enterprise Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $87.50 to $84.50 in a report on Friday, March 13th. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets lifted their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research note on Monday, April 13th. Finally, Royal Bank Of Canada assumed coverage on Public Service Enterprise Group in a report on Thursday. They set a “sector perform” rating and a $81.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.32.

Public Service Enterprise Group Price Performance

PEG stock opened at $81.55 on Friday. The company has a 50 day simple moving average of $79.48 and a 200 day simple moving average of $80.90. The stock has a market cap of $40.64 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 3.07 and a beta of 0.51. Public Service Enterprise Group Incorporated has a 1 year low of $76.05 and a 1 year high of $91.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.75.

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

Public Service Enterprise Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio is presently 59.29%.

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.