Tidal Investments LLC Boosts Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Tidal Investments LLC grew its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 185.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,489 shares of the utilities provider’s stock after buying an additional 126,300 shares during the quarter. Tidal Investments LLC’s holdings in Public Service Enterprise Group were worth $15,785,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Chapman Financial Group LLC bought a new position in Public Service Enterprise Group during the 2nd quarter worth approximately $25,000. Community Financial Services Group LLC purchased a new position in Public Service Enterprise Group in the 2nd quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. bought a new stake in Public Service Enterprise Group in the second quarter valued at approximately $26,000. Elevation Wealth Partners LLC lifted its position in Public Service Enterprise Group by 240.6% in the second quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 243 shares during the last quarter. Finally, Aberdeen Wealth Management LLC purchased a new stake in shares of Public Service Enterprise Group during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Insider Transactions at Public Service Enterprise Group

In related news, SVP Richard T. Thigpen sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the senior vice president owned 20,970 shares in the company, valued at $1,563,523.20. The trade was a 27.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kim C. Hanemann sold 3,035 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,201 shares of company stock valued at $1,172,339. Company insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Price Performance

PEG opened at $72.54 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88. The stock has a market capitalization of $36.16 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.73 and a beta of 0.50. The stock’s 50 day moving average price is $76.56 and its 200-day moving average price is $79.37. Public Service Enterprise Group Incorporated has a 52-week low of $72.08 and a 52-week high of $87.63.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%.The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts predict that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 annualized dividend and a yield of 3.7%. Public Service Enterprise Group’s dividend payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup cut their target price on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings lowered shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Truist Financial cut their price target on shares of Public Service Enterprise Group from $90.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Jefferies Financial Group decreased their price objective on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Finally, Royal Bank Of Canada began 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 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Public Service Enterprise Group presently has a consensus rating of “Hold” and an average price target of $89.43.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Through its principal subsidiary, Public Service Electric and Gas Company (PSE&G), it provides regulated electric and natural gas transmission, distribution and delivery services to residential, commercial and industrial customers, primarily in New Jersey.

PSEG also owns PSEG Power, which operates and manages a diverse portfolio of electric-generating facilities, including nuclear, natural gas and renewable energy assets.