Clear Trail Advisors LLC Invests $2.01 Million in Public Service Enterprise Group Incorporated $PEG

Clear Trail Advisors LLC bought a new stake in Public Service Enterprise Group Incorporated (NYSE:PEG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,017 shares of the utilities provider’s stock, valued at approximately $2,009,000.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Public Service Enterprise Group in the second quarter valued at approximately $564,238,000. Bank of America Corp DE raised its stake in shares of Public Service Enterprise Group by 24.7% during the second quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock valued at $1,476,230,000 after purchasing an additional 3,469,886 shares during the period. Invesco Ltd. lifted its position in shares of Public Service Enterprise Group by 27.8% during the second quarter. Invesco Ltd. now owns 6,473,897 shares of the utilities provider’s stock worth $544,973,000 after purchasing an additional 1,408,707 shares in the last quarter. Railway Pension Investments Ltd boosted its stake in shares of Public Service Enterprise Group by 97.5% in the third quarter. Railway Pension Investments Ltd now owns 1,897,800 shares of the utilities provider’s stock valued at $158,390,000 after purchasing an additional 937,100 shares during the period. Finally, ATLAS Infrastructure Partners UK Ltd. purchased a new position in shares of Public Service Enterprise Group in the second quarter valued at $61,174,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the firm’s 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 transaction, the chief executive officer directly owned 292,889 shares in the company, valued at $24,503,093.74. This represents a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PEG shares. Barclays lifted their price target on shares of 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. Evercore raised shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective for the company in a research report on Thursday, March 5th. LADENBURG THALM/SH SH lowered Public Service Enterprise Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $87.50 to $84.50 in a research report on Friday, March 13th. Scotiabank reissued a “sector perform” rating and issued a $92.00 price target on shares of Public Service Enterprise Group in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Public Service Enterprise Group currently has a consensus rating of “Moderate Buy” and an average target price of $92.88.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $79.77 on Tuesday. The stock has a market capitalization of $39.79 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.59 and a beta of 0.60. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $91.25. The company’s 50-day simple moving average is $82.59 and its 200-day simple moving average is $81.81. 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 announced 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 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 analysts’ expectations of $2.68 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Public Service Enterprise Group’s revenue for the quarter was up 18.3% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Equities analysts anticipate 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, March 10th. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 3.4%. Public Service Enterprise Group’s payout ratio is presently 63.51%.

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.