Public Service Enterprise Group Incorporated $PEG Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 1.4% in the first quarter, Holdings Channel.com reports. The fund owned 1,859,362 shares of the utilities provider’s stock after buying an additional 25,864 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Public Service Enterprise Group were worth $150,528,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PEG. Scarborough Advisors LLC acquired a new position in shares of Public Service Enterprise Group in the 1st quarter worth $437,000. KBC Group NV lifted its holdings in shares of Public Service Enterprise Group by 15.3% during the first quarter. KBC Group NV now owns 123,826 shares of the utilities provider’s stock valued at $10,024,000 after purchasing an additional 16,475 shares during the last quarter. Swiss National Bank boosted its position in shares of Public Service Enterprise Group by 7.1% in the 1st quarter. Swiss National Bank now owns 1,464,900 shares of the utilities provider’s stock valued at $118,584,000 after purchasing an additional 97,100 shares during the period. Valley Wealth Managers Inc. increased its stake in Public Service Enterprise Group by 1.9% in the 1st quarter. Valley Wealth Managers Inc. now owns 56,972 shares of the utilities provider’s stock worth $4,612,000 after purchasing an additional 1,087 shares in the last quarter. Finally, AIA Group Ltd increased its stake in Public Service Enterprise Group by 48.4% in the 1st quarter. AIA Group Ltd now owns 95,107 shares of the utilities provider’s stock worth $7,699,000 after purchasing an additional 31,037 shares in the last quarter. 73.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on PEG shares. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BMO Capital Markets lifted 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 report on Monday, April 13th. Royal Bank Of Canada started coverage on shares of Public Service Enterprise Group in a report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price target on the stock. Jefferies Financial Group reduced their price target on shares of 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. Finally, Weiss Ratings lowered shares of Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.25.

Public Service Enterprise Group Price Performance

Shares of PEG opened at $79.83 on Monday. The company has a market capitalization of $39.78 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 3.00 and a beta of 0.51. Public Service Enterprise Group Incorporated has a fifty-two week low of $76.05 and a fifty-two week 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. The business’s 50-day moving average is $79.74 and its 200-day moving average is $80.84.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 EPS for the quarter, topping 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 analysts’ expectations of $3.35 billion. During the same period last year, the company posted $1.43 earnings per share. The firm’s quarterly 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. Equities research analysts expect that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 59.29%.

Insider Buying and Selling at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.51, for a total value of $167,702.33. Following the transaction, the chief executive officer directly owned 285,149 shares of the company’s stock, valued at $22,957,345.99. This represents a 0.73% decrease in their position. The sale was disclosed in a document filed 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 firm’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 sale, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at $8,102,830. This trade 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. Over the last quarter, insiders have sold 9,284 shares of company stock valued at $746,145. 0.19% of the stock is owned by corporate insiders.

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.