Public Service Enterprise Group Incorporated $PEG Shares Purchased by Aberdeen Group plc

Aberdeen Group plc increased its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,149,494 shares of the utilities provider’s stock after acquiring an additional 30,181 shares during the period. Aberdeen Group plc owned approximately 0.23% of Public Service Enterprise Group worth $92,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in PEG. Twin Peaks Wealth Advisors LLC acquired a new stake in Public Service Enterprise Group during the 2nd quarter worth about $25,000. Chapman Financial Group LLC acquired a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at about $25,000. Cedar Mountain Advisors LLC acquired a new position in shares of Public Service Enterprise Group in the 3rd quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Public Service Enterprise Group in the third quarter worth about $38,000. Finally, CGC Financial Services LLC grew its holdings 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 worth $43,000 after acquiring an additional 258 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Price Performance

Public Service Enterprise Group stock opened at $81.79 on Friday. The company has a fifty day simple moving average of $82.93 and a 200-day simple moving average of $81.77. The firm has a market capitalization of $40.79 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 2.66 and a beta of 0.58. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group Incorporated has a 52-week low of $74.67 and a 52-week high of $91.25.

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 for the quarter, topping 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 12.11%. Public Service Enterprise Group’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, 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 company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, March 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s payout ratio is 63.51%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Public Service Enterprise Group from $92.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Evercore raised shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective on the stock in a research note on Thursday, March 5th. UBS Group cut their target price on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Scotiabank reiterated a “sector perform” rating and issued a $92.00 target price on shares of Public Service Enterprise Group in a research note on Thursday, February 26th. Finally, Argus raised shares of Public Service Enterprise Group to a “strong-buy” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Public Service Enterprise Group presently has an average rating of “Moderate Buy” and a consensus price target of $92.88.

Insider Activity 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 Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total transaction of $169,222.92. Following the completion of the sale, the chief executive officer owned 291,398 shares of the company’s stock, valued at $23,673,173.52. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of Public Service Enterprise Group stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the completion of the sale, the senior vice president owned 28,481 shares in the company, valued at $2,363,923. This represents a 14.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,866 shares of company stock worth $733,587. Corporate insiders own 0.19% of the company’s stock.

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.