Universal Beteiligungs und Servicegesellschaft mbH Has $25.73 Million Stake in Public Service Enterprise Group Incorporated $PEG

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 9.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 321,149 shares of the utilities provider’s stock after selling 32,109 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Public Service Enterprise Group were worth $25,733,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PEG. Chapman Financial Group LLC bought a new position in Public Service Enterprise Group in the second quarter valued at about $25,000. Cedar Mountain Advisors LLC bought a new stake in Public Service Enterprise Group during the 3rd quarter worth about $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in Public Service Enterprise Group during the 3rd quarter valued at about $38,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Public Service Enterprise Group during the 3rd quarter valued at about $43,000. Finally, CGC Financial Services LLC boosted its stake in shares of Public Service Enterprise Group by 98.5% in the 3rd quarter. CGC Financial Services LLC now owns 520 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 258 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEG. JPMorgan Chase & Co. lifted 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Friday, March 27th. Evercore raised shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 target price for the company in a report on Thursday, March 5th. Argus upgraded shares of Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen downgraded Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

Insiders Place Their Bets

In related news, 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 transaction of $390,100.00. Following the sale, the senior vice president 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total value of $169,222.92. Following the transaction, the chief executive officer owned 291,398 shares in the company, valued at approximately $23,673,173.52. This represents a 0.71% 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 90 days, insiders sold 8,866 shares of company stock valued at $733,587. 0.19% of the stock is owned by corporate insiders.

Public Service Enterprise Group Stock Performance

Shares of NYSE:PEG opened at $80.24 on Friday. The firm’s 50 day simple moving average is $82.89 and its 200 day simple moving average is $81.72. Public Service Enterprise Group Incorporated has a fifty-two week low of $76.00 and a fifty-two week high of $91.25. The company has a market capitalization of $40.02 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 2.56 and a beta of 0.58. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, sell-side analysts forecast that Public Service Enterprise Group Incorporated will post 4.35 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $0.67 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. Public Service Enterprise Group’s dividend payout ratio is currently 63.51%.

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.