Andra AP fonden Acquires 22,000 Shares of Public Service Enterprise Group Incorporated $PEG

Andra AP fonden raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 10.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 226,358 shares of the utilities provider’s stock after buying an additional 22,000 shares during the quarter. Andra AP fonden’s holdings in Public Service Enterprise Group were worth $18,892,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PEG. Vanguard Group Inc. grew its stake in shares of Public Service Enterprise Group by 0.5% in the third quarter. Vanguard Group Inc. now owns 65,308,870 shares of the utilities provider’s stock worth $5,450,678,000 after acquiring an additional 347,823 shares during the last quarter. State Street Corp raised its stake in Public Service Enterprise Group by 0.8% during the 2nd quarter. State Street Corp now owns 27,330,736 shares of the utilities provider’s stock valued at $2,300,701,000 after purchasing an additional 206,843 shares during the last quarter. Bank of America Corp DE boosted its holdings in Public Service Enterprise Group by 24.7% in the 2nd quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock valued at $1,476,230,000 after purchasing an additional 3,469,886 shares during the period. Geode Capital Management LLC grew its position in Public Service Enterprise Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 12,526,776 shares of the utilities provider’s stock worth $1,049,973,000 after purchasing an additional 110,087 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Public Service Enterprise Group by 9.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider’s stock worth $674,218,000 after purchasing an additional 715,051 shares during the period. 73.34% of the stock is owned by institutional investors.

Public Service Enterprise Group Trading Up 0.2%

Shares of Public Service Enterprise Group stock opened at $85.98 on Friday. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $91.25. The stock has a market capitalization of $42.92 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.78 and a beta of 0.59. The company has a 50-day simple moving average of $81.49 and a 200 day simple moving average of $81.91. The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 1.27.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.16%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, March 10th. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s dividend payout ratio is 60.58%.

Analysts Set New Price Targets

Several research firms recently weighed in on PEG. LADENBURG THALM/SH SH upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 target price for the company in a research note on Wednesday, January 7th. Scotiabank reaffirmed a “sector perform” rating and issued a $92.00 price target on shares of Public Service Enterprise Group in a report on Thursday. BMO Capital Markets reduced their price objective on Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating for the company in a research report on Tuesday, November 4th. Wells Fargo & Company boosted their price objective on Public Service Enterprise Group from $92.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.18.

Public Service Enterprise Group News Roundup

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: Broker upgrade and higher price target: Wells Fargo raised its PEG price target from $92 to $94 and moved the stock to “overweight,” signaling ~9% upside from recent levels. Benzinga: Wells Fargo price target raise
• Positive Sentiment: Dividend increase and shareholder-friendly action: PSEG declared a $0.67 quarterly dividend (annualized ~$2.68), a ~6% raise and the company’s 15th consecutive increase — supports the stock’s income appeal and contributes to yield (~3.1%). PR Newswire: PSEG Increases 2026 Common Stock Dividend
• Positive Sentiment: Q4 results beat and revenue growth: Q4 EPS of $0.72 topped consensus by $0.01 and revenue of $2.92B beat estimates, with revenue up ~18% YoY — positive near-term operational signal. MarketBeat: Q4 results
• Positive Sentiment: Longer-term growth via higher capex and rate-base guidance: PSEG raised its 5-year regulated capital plan to $22.5–$25.5B and reiterated multi-year rate-base CAGR targets, supporting future regulated earnings growth. PR Newswire: PSEG announces 2025 results
• Neutral Sentiment: FY-2026 EPS guidance roughly in line/slightly soft: Management set 2026 EPS guidance at $4.28–$4.40 vs. consensus ~4.39 — close to expectations but leaves little margin for upside. PSEG FY-2026 guidance (press release)
• Negative Sentiment: Profit forecast below some estimates amid higher spending: Reuters highlights that PSEG’s 2026 profit outlook was below some analyst estimates even as the company raised its spending plan — a combination that can pressure near-term margins and investor expectations. Reuters: PSEG forecasts 2026 profit below estimates

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.