Banque Cantonale Vaudoise Has $1.32 Million Stock Position in Public Service Enterprise Group Incorporated $PEG

Banque Cantonale Vaudoise lowered its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 47.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 15,841 shares of the utilities provider’s stock after selling 14,049 shares during the period. Banque Cantonale Vaudoise’s holdings in Public Service Enterprise Group were worth $1,322,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PEG. JARISLOWSKY FRASER Ltd boosted its holdings in shares of Public Service Enterprise Group by 107.1% during the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 1,025,305 shares of the utilities provider’s stock worth $85,572,000 after buying an additional 530,248 shares during the period. Railway Pension Investments Ltd raised its holdings in Public Service Enterprise Group by 97.5% in the 3rd quarter. Railway Pension Investments Ltd now owns 1,897,800 shares of the utilities provider’s stock valued at $158,390,000 after acquiring an additional 937,100 shares during the period. Assetmark Inc. lifted its position in Public Service Enterprise Group by 4.6% during the third quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider’s stock worth $74,609,000 after acquiring an additional 38,949 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Public Service Enterprise Group by 13.0% during the third quarter. New York State Common Retirement Fund now owns 314,668 shares of the utilities provider’s stock worth $26,262,000 after acquiring an additional 36,100 shares during the period. Finally, Rakuten Investment Management Inc. bought a new stake in shares of Public Service Enterprise Group during the third quarter worth approximately $1,852,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PEG shares. LADENBURG THALM/SH SH upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 target price on the stock in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Monday, December 29th. Wall Street Zen cut Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Barclays lifted their target price on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 target price (down from $88.00) on shares of Public Service Enterprise Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.73.

Insider Activity at Public Service Enterprise Group

In related news, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the sale, the senior vice president directly owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $83.66, for a total transaction of $174,263.78. Following the transaction, the chief executive officer owned 292,889 shares of the company’s stock, valued at approximately $24,503,093.74. This represents a 0.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Trading Down 1.1%

Shares of PEG opened at $82.33 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80. Public Service Enterprise Group Incorporated has a 52-week low of $74.67 and a 52-week high of $91.25. The firm has a market cap of $41.06 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.71 and a beta of 0.60. The business’s fifty day moving average is $81.98 and its 200-day moving average is $81.79.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the firm posted $0.84 earnings per share. Public Service Enterprise Group’s revenue was up 18.3% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Equities analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 10th. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s dividend payout ratio is 63.51%.

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.