Public Service Enterprise Group Incorporated $PEG Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lowered its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 227,238 shares of the utilities provider’s stock after selling 7,720 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Public Service Enterprise Group were worth $18,247,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. New Mexico Educational Retirement Board grew its position in shares of Public Service Enterprise Group by 1.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 22,899 shares of the utilities provider’s stock worth $1,839,000 after buying an additional 400 shares in the last quarter. Ellevest Inc. acquired a new stake in shares of Public Service Enterprise Group during the fourth quarter worth approximately $379,000. Virtue Asset Management LLC grew its position in shares of Public Service Enterprise Group by 2.5% during the fourth quarter. Virtue Asset Management LLC now owns 12,852 shares of the utilities provider’s stock worth $1,032,000 after buying an additional 312 shares in the last quarter. Rockline Wealth Management LLC grew its position in shares of Public Service Enterprise Group by 2.2% during the fourth quarter. Rockline Wealth Management LLC now owns 29,112 shares of the utilities provider’s stock worth $2,338,000 after buying an additional 616 shares in the last quarter. Finally, Railway Pension Investments Ltd grew its position in shares of Public Service Enterprise Group by 17.3% during the fourth quarter. Railway Pension Investments Ltd now owns 2,225,250 shares of the utilities provider’s stock worth $178,688,000 after buying an additional 327,450 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group 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 sale, the chief executive officer directly owned 289,315 shares in the company, valued at approximately $23,495,271.15. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,249 shares of company stock valued at $512,647 in the last quarter. Company insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Stock Performance

PEG stock opened at $76.71 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97. The stock has a market capitalization of $38.23 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 2.96 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 stock’s fifty day moving average is $79.93 and its two-hundred day moving average is $81.08.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. The company had revenue of $3.85 billion for 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%.The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, research analysts predict that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 59.29%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PEG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Friday, March 27th. Wells Fargo & Company raised their price target on shares of Public Service Enterprise Group from $96.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Truist Financial decreased their price target on shares of Public Service Enterprise Group from $91.00 to $88.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $87.50 to $84.50 in a report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.19.

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.