Asset Management One Co. Ltd. Sells 8,956 Shares of Public Service Enterprise Group Incorporated $PEG

Asset Management One Co. Ltd. lessened its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 291,417 shares of the utilities provider’s stock after selling 8,956 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of Public Service Enterprise Group worth $23,513,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. OLD Second National Bank of Aurora increased its holdings in Public Service Enterprise Group by 0.6% during the 4th quarter. OLD Second National Bank of Aurora now owns 28,913 shares of the utilities provider’s stock valued at $2,322,000 after purchasing an additional 166 shares during the period. River Street Advisors LLC increased its holdings in Public Service Enterprise Group by 1.3% during the 4th quarter. River Street Advisors LLC now owns 15,095 shares of the utilities provider’s stock valued at $1,212,000 after purchasing an additional 196 shares during the period. Merit Financial Group LLC increased its holdings in Public Service Enterprise Group by 11.4% during the 4th quarter. Merit Financial Group LLC now owns 15,925 shares of the utilities provider’s stock valued at $1,279,000 after purchasing an additional 1,635 shares during the period. AE Wealth Management LLC increased its holdings in Public Service Enterprise Group by 5.2% during the 4th quarter. AE Wealth Management LLC now owns 180,783 shares of the utilities provider’s stock valued at $14,517,000 after purchasing an additional 8,923 shares during the period. Finally, Iams Wealth Management LLC increased its holdings in Public Service Enterprise Group by 47.1% during the 4th quarter. Iams Wealth Management LLC now owns 3,693 shares of the utilities provider’s stock valued at $297,000 after purchasing an additional 1,183 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Up 0.0%

PEG stock opened at $81.60 on Monday. Public Service Enterprise Group Incorporated has a fifty-two week low of $76.00 and a fifty-two week high of $91.25. The business’s 50 day moving average price is $83.19 and its two-hundred day moving average price is $81.78. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80. The company has a market capitalization of $40.70 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 2.65 and a beta of 0.58.

Public Service Enterprise Group (NYSE:PEG) last posted its 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. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the business earned $0.84 EPS. 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, analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.67 per share. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.63. 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%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 63.51%.

Analyst Upgrades and Downgrades

PEG has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a report on Monday, April 13th. Wall Street Zen downgraded Public Service Enterprise Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Argus upgraded Public Service Enterprise Group to a “strong-buy” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on Public Service Enterprise Group from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Finally, LADENBURG THALM/SH SH downgraded Public Service Enterprise Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $87.50 to $84.50 in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.42.

Insider Buying and Selling

In related news, SVP Richard T. Thigpen sold 4,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was 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 $2,363,923. This represents a 14.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total value of $169,222.92. Following the completion of the sale, the chief executive officer owned 291,398 shares in the company, valued at $23,673,173.52. The trade was a 0.71% decrease in their position. 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. Insiders have sold a total of 8,866 shares of company stock worth $733,587 in the last quarter. Company insiders own 0.19% of the company’s stock.

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.