Public Service Enterprise Group Incorporated $PEG Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,818,412 shares of the utilities provider’s stock after buying an additional 37,722 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.36% of Public Service Enterprise Group worth $151,754,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PEG. Twin Peaks Wealth Advisors LLC acquired a new stake in Public Service Enterprise Group during the second quarter worth about $25,000. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group in the second quarter valued at approximately $25,000. Cedar Mountain Advisors LLC bought a new position in shares of Public Service Enterprise Group during the third quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Public Service Enterprise Group during the 3rd quarter worth approximately $38,000. Finally, CGC Financial Services LLC raised its position in shares of Public Service Enterprise Group by 98.5% during the 3rd quarter. CGC Financial Services LLC now owns 520 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 258 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, SVP Richard T. Thigpen sold 4,700 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the sale, the senior vice president directly owned 28,481 shares of the company’s stock, valued at $2,363,923. This trade represents a 14.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $83.66, for a total value of $174,263.78. Following the completion of the transaction, the chief executive officer owned 292,889 shares in the company, valued at $24,503,093.74. The trade was a 0.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Trading Down 0.9%

Shares of PEG stock opened at $83.28 on Wednesday. Public Service Enterprise Group Incorporated has a 1 year low of $74.67 and a 1 year high of $91.25. The firm has a market capitalization of $41.53 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. The stock has a fifty day moving average of $81.94 and a two-hundred day moving average of $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.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm posted $0.84 earnings per share. The business’s 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. As a group, research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The firm 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 dividend of $0.67 per share. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 10th. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 59.72%.

About Public Service Enterprise Group

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.