Swiss National Bank Has $120.05 Million Holdings in Public Service Enterprise Group Incorporated $PEG

Swiss National Bank decreased its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 4.7% in the third quarter, HoldingsChannel reports. The firm owned 1,438,400 shares of the utilities provider’s stock after selling 70,800 shares during the period. Swiss National Bank’s holdings in Public Service Enterprise Group were worth $120,049,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Public Service Enterprise Group in the second quarter worth $25,000. Chapman Financial Group LLC acquired a new stake in Public Service Enterprise Group during the 2nd quarter worth about $25,000. Cedar Mountain Advisors LLC purchased a new position in Public Service Enterprise Group during the 3rd quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Public Service Enterprise Group during the third quarter worth approximately $38,000. Finally, CGC Financial Services LLC grew its position in Public Service Enterprise Group by 98.5% during the third quarter. CGC Financial Services LLC now owns 520 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 258 shares in the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEG has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Scotiabank restated a “sector perform” rating and issued a $92.00 target price on shares of Public Service Enterprise Group in a research note on Thursday, February 26th. Argus raised Public Service Enterprise Group to a “strong-buy” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $85.00 price target (down from $88.00) on shares of Public Service Enterprise Group in a report on Thursday, January 22nd. Finally, LADENBURG THALM/SH SH upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 price objective on the stock in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and a consensus price target of $92.73.

Insiders Place Their Bets

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,700 shares of the firm’s 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 directly owned 28,481 shares in the company, valued at $2,363,923. This trade represents a 14.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction dated 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 of the company’s stock, 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 owned by corporate insiders.

Public Service Enterprise Group Stock Down 0.9%

PEG opened at $83.28 on Wednesday. The firm has a market cap of $41.53 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. 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 business has a 50 day moving average price of $81.94 and a 200 day moving average price of $81.78. Public Service Enterprise Group Incorporated has a twelve month low of $74.67 and a twelve month high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $0.67 dividend. 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 dividend 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%.

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.