Nordea Investment Management AB Acquires 504,632 Shares of Public Service Enterprise Group Incorporated $PEG

Nordea Investment Management AB boosted its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,266,925 shares of the utilities provider’s stock after buying an additional 504,632 shares during the quarter. Nordea Investment Management AB owned approximately 0.45% of Public Service Enterprise Group worth $182,759,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PEG. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $25,000. Chapman Financial Group LLC bought a new position in shares of Public Service Enterprise Group in the 2nd quarter worth $25,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Public Service Enterprise Group during the 3rd quarter worth $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in Public Service Enterprise Group during the third quarter valued at about $38,000. Finally, CGC Financial Services LLC boosted its position in Public Service Enterprise Group by 98.5% during the third 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 in the last quarter. Institutional investors 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 Public Service Enterprise Group stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $83.66, for a total transaction of $174,263.78. Following the completion of the sale, the chief executive officer owned 292,889 shares of the company’s stock, valued at approximately $24,503,093.74. The trade was a 0.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Richard T. Thigpen sold 4,700 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the sale, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Stock Down 3.9%

NYSE:PEG opened at $79.53 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group Incorporated has a twelve month low of $74.67 and a twelve month high of $91.25. The company has a market cap of $39.66 billion, a PE ratio of 18.84, a P/E/G ratio of 2.59 and a beta of 0.60. The company’s 50 day moving average is $82.56 and its two-hundred day moving average is $81.82.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter last year, the company posted $0.84 earnings per share. The business’s quarterly revenue 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. Analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.67 dividend. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, March 10th. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 63.51%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen lowered shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Monday, December 29th. Wells Fargo & Company boosted their price objective on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $87.50 to $84.50 in a research report on Friday, March 13th. Finally, Argus upgraded shares of Public Service Enterprise Group to a “strong-buy” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.88.

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.