Union Bancaire Privee UBP SA Takes $1.41 Million Position in Public Service Enterprise Group Incorporated $PEG

Union Bancaire Privee UBP SA acquired a new position in Public Service Enterprise Group Incorporated (NYSE:PEG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,516 shares of the utilities provider’s stock, valued at approximately $1,407,000.

Other hedge funds also recently bought and sold shares of the company. HM Payson & Co. lifted its holdings in Public Service Enterprise Group by 3.3% in the third quarter. HM Payson & Co. now owns 3,755 shares of the utilities provider’s stock valued at $313,000 after acquiring an additional 120 shares during the period. Rossby Financial LCC grew its stake in shares of Public Service Enterprise Group by 5.5% during the 3rd quarter. Rossby Financial LCC now owns 2,311 shares of the utilities provider’s stock valued at $191,000 after purchasing an additional 121 shares during the period. Colonial Trust Co SC grew its stake in shares of Public Service Enterprise Group by 26.8% during the 3rd quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 121 shares during the period. JPL Wealth Management LLC increased its position in shares of Public Service Enterprise Group by 0.4% during the 3rd quarter. JPL Wealth Management LLC now owns 32,758 shares of the utilities provider’s stock valued at $2,734,000 after purchasing an additional 122 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its stake in shares of Public Service Enterprise Group by 2.6% in the 3rd quarter. Transcend Capital Advisors LLC now owns 4,916 shares of the utilities provider’s stock worth $410,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Scotiabank reiterated a “sector perform” rating and issued a $92.00 price target on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. Evercore upgraded shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price target on the stock in a research note on Thursday, March 5th. Wells Fargo & Company boosted their price objective on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, UBS Group reduced their price objective on Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. One investment 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 company’s stock. According to data from MarketBeat, Public Service Enterprise Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.88.

Insider Buying and Selling at Public Service Enterprise Group

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

Public Service Enterprise Group Trading Down 3.9%

Public Service Enterprise Group stock opened at $79.53 on Friday. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $91.25. The firm has a market capitalization of $39.66 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 2.58 and a beta of 0.60. The firm has a 50 day moving average of $82.56 and a 200 day moving average of $81.82. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Increases Dividend

The company 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 positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, March 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio is presently 63.51%.

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.