Public Service Enterprise Group Incorporated $PEG Shares Bought by Lbp Am Sa

Lbp Am Sa raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 1,160.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,741 shares of the utilities provider’s stock after acquiring an additional 44,873 shares during the quarter. Lbp Am Sa’s holdings in Public Service Enterprise Group were worth $4,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. JARISLOWSKY FRASER Ltd raised its stake in Public Service Enterprise Group by 107.1% during the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 1,025,305 shares of the utilities provider’s stock valued at $85,572,000 after purchasing an additional 530,248 shares during the last quarter. Railway Pension Investments Ltd grew its stake in shares of Public Service Enterprise Group by 97.5% during 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 last quarter. Voya Investment Management LLC raised its holdings in Public Service Enterprise Group by 18.2% during the 3rd quarter. Voya Investment Management LLC now owns 1,645,407 shares of the utilities provider’s stock worth $137,155,000 after purchasing an additional 253,810 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Public Service Enterprise Group by 22.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 73,542 shares of the utilities provider’s stock worth $6,192,000 after buying an additional 13,540 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Public Service Enterprise Group by 12.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,638,039 shares of the utilities provider’s stock worth $387,091,000 after acquiring an additional 512,341 shares in the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 4,920 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $82.33, for a total transaction of $405,063.60. Following the completion of the sale, the senior vice president owned 26,134 shares of the company’s stock, valued at $2,151,612.22. The trade was a 15.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is owned by company insiders.

Public Service Enterprise Group Price Performance

PEG stock opened at $80.46 on Wednesday. The firm has a market cap of $40.16 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.57 and a beta of 0.60. Public Service Enterprise Group Incorporated has a 52 week low of $74.67 and a 52 week high of $91.25. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.69 and a current ratio of 0.93. The firm’s fifty day moving average is $80.10 and its 200 day moving average is $82.28.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Monday, November 3rd. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. Public Service Enterprise Group had a net margin of 17.77% and a return on equity of 12.62%. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. Research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th were issued a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $2.52 annualized dividend and a dividend yield of 3.1%. Public Service Enterprise Group’s payout ratio is presently 60.58%.

Analyst Ratings Changes

PEG has been the subject of several recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 price objective (down previously from $88.00) on shares of Public Service Enterprise Group in a report on Thursday, January 22nd. LADENBURG THALM/SH SH upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 target price on the stock in a research report on Wednesday, January 7th. Argus upgraded Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. Evercore ISI began coverage on Public Service Enterprise Group in a report on Tuesday, October 7th. They issued an “in-line” rating and a $83.00 price target on the stock. Finally, Barclays cut their price objective on shares of Public Service Enterprise Group from $87.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Public Service Enterprise Group currently has an average rating of “Moderate Buy” and a consensus target price of $90.96.

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.