457,128 Shares in Public Service Enterprise Group Incorporated $PEG Bought by Danske Bank A S

Danske Bank A S bought a new stake in Public Service Enterprise Group Incorporated (NYSE:PEG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 457,128 shares of the utilities provider’s stock, valued at approximately $38,152,000. Danske Bank A S owned about 0.09% of Public Service Enterprise Group as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new stake in Public Service Enterprise Group during the second quarter worth about $25,000. Chapman Financial Group LLC bought a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at about $25,000. Cedar Mountain Advisors LLC bought a new position in shares of Public Service Enterprise Group during the 3rd quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Public Service Enterprise Group during the 3rd quarter valued at about $38,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Public Service Enterprise Group during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays upped their target price on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $87.50 to $84.50 in a research note on Friday, March 13th. UBS Group lowered their price objective 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 reaffirmed a “sector perform” rating and set a $92.00 target price on shares of Public Service Enterprise Group in a report on Thursday, February 26th. Finally, Argus upgraded shares of Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. One research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.88.

Public Service Enterprise Group Stock Performance

Shares of NYSE:PEG opened at $84.22 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average price of $82.44 and a 200-day moving average price of $81.83. The company has a market cap of $42.00 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.76 and a beta of 0.60. Public Service Enterprise Group Incorporated has a 12 month low of $74.67 and a 12 month high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the firm earned $0.84 earnings per share. Public Service Enterprise Group’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. As a group, equities analysts anticipate 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. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, March 10th. Public Service Enterprise Group’s payout ratio is presently 63.51%.

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 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 sale, the senior vice president owned 28,481 shares in the company, valued at $2,363,923. The trade was a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total transaction of $174,263.78. Following the transaction, the chief executive officer directly owned 292,889 shares in the company, valued at approximately $24,503,093.74. The trade was a 0.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.19% of the stock is currently owned by insiders.

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.