Public Service Enterprise Group Incorporated $PEG Shares Purchased by Railway Pension Investments Ltd

Railway Pension Investments Ltd boosted its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 17.3% during the 4th quarter, Holdings Channel reports. The fund owned 2,225,250 shares of the utilities provider’s stock after acquiring an additional 327,450 shares during the quarter. Public Service Enterprise Group comprises 2.1% of Railway Pension Investments Ltd’s portfolio, making the stock its 19th largest holding. Railway Pension Investments Ltd’s holdings in Public Service Enterprise Group were worth $178,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. MUFG Securities EMEA plc boosted its stake in Public Service Enterprise Group by 114.4% during the 4th quarter. MUFG Securities EMEA plc now owns 20,483 shares of the utilities provider’s stock valued at $1,645,000 after purchasing an additional 10,930 shares in the last quarter. Norges Bank bought a new position in Public Service Enterprise Group during the 4th quarter valued at $552,280,000. Eurizon Capital SGR S.p.A. bought a new position in Public Service Enterprise Group during the 4th quarter valued at $18,866,000. Fideuram Asset Management Ireland dac bought a new position in Public Service Enterprise Group during the 4th quarter valued at $578,000. Finally, National Pension Service boosted its stake in Public Service Enterprise Group by 8.2% during the 4th quarter. National Pension Service now owns 713,516 shares of the utilities provider’s stock valued at $57,295,000 after purchasing an additional 53,898 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BMO Capital Markets increased 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. Truist Financial reduced their price objective on Public Service Enterprise Group from $91.00 to $88.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Evercore raised Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective for the company in a research note on Thursday, March 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Friday, March 27th. Finally, LADENBURG THALM/SH SH lowered Public Service Enterprise Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $87.50 to $84.50 in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and a consensus target price of $93.19.

Public Service Enterprise Group Stock Performance

Shares of Public Service Enterprise Group stock opened at $78.55 on Friday. The stock has a market cap of $39.14 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The business has a fifty day simple moving average of $80.05 and a 200-day simple moving average of $81.14. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. 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 issued its 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. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.Public Service Enterprise Group’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a $0.67 dividend. This represents a $2.68 annualized dividend 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 (DPR) is 59.29%.

Insider Buying and Selling at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $81.21, for a total value of $169,160.43. Following the completion of the sale, the chief executive officer owned 289,315 shares of the company’s stock, valued at $23,495,271.15. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total value 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. This trade represents a 14.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,949 shares of company stock valued at $902,747. 0.19% of the stock is currently owned by insiders.

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.