Stevens Capital Management LP Trims Stake in Public Service Enterprise Group Incorporated $PEG

Stevens Capital Management LP lowered its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 57.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,524 shares of the utilities provider’s stock after selling 8,652 shares during the quarter. Stevens Capital Management LP’s holdings in Public Service Enterprise Group were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PEG. Bank of America Corp DE grew its holdings in Public Service Enterprise Group by 24.7% in the second quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock worth $1,476,230,000 after purchasing an additional 3,469,886 shares during the period. Vanguard Group Inc. grew its holdings in Public Service Enterprise Group by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider’s stock worth $5,420,155,000 after purchasing an additional 2,189,951 shares during the period. Pictet Asset Management Holding SA grew its holdings in Public Service Enterprise Group by 174.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,810,761 shares of the utilities provider’s stock worth $225,704,000 after purchasing an additional 1,788,449 shares during the period. Ameriprise Financial Inc. grew its holdings in Public Service Enterprise Group by 9.8% in the second quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider’s stock worth $674,218,000 after purchasing an additional 715,051 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Public Service Enterprise Group by 43.2% in the third quarter. Van ECK Associates Corp now owns 1,934,129 shares of the utilities provider’s stock worth $161,423,000 after purchasing an additional 583,773 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Argus upgraded shares of Public Service Enterprise Group to a “strong-buy” rating in a report on Wednesday, January 14th. Jefferies Financial Group cut shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $90.00 to $89.00 in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped 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. Truist Financial initiated coverage on shares of Public Service Enterprise Group in a research note on Tuesday, April 21st. They issued a “hold” rating and a $91.00 target price on the stock. Finally, Scotiabank reiterated 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.42.

Public Service Enterprise Group News Summary

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: Q1 results beat and stronger revenue — PEG reported $1.55 EPS (above estimates) and revenue of $3.85B (+19.4% y/y); operating income rose as winter storm-driven demand boosted electric and gas volumes, supporting near‑term cash flow and the utility’s regulated earnings power. Public Service Enterprise tops profit estimates
• Positive Sentiment: Analyst price-target lift — Wells Fargo raised its price target to $97 and kept an “overweight” rating (implying ~22% upside from current levels), adding a fresh buy-side signal that can support longer‑term upside. Wells Fargo raises price target
• Positive Sentiment: Dividend maintained and yield remains attractive — PEG announced a $0.67 quarterly dividend (annualized $2.68, ~3.4% yield), supporting income-oriented investor demand. MarketBeat PEG page
• Neutral Sentiment: FY‑2026 guidance unchanged — Management set operating EPS guidance of $4.28–$4.40 (roughly in line with the street), which is steady but not materially above consensus and limits surprise upside. Guidance maintained
• Neutral Sentiment: Earnings call materials available — Transcripts and slides provide more detail on rate cases, regulated capex ($22.5B–$25.5B through 2030) and timing of storm-related benefits; those details will influence near‑term guidance interpretation. Earnings call transcript
• Negative Sentiment: Insider sale by CEO — Ralph Larossa sold 2,083 shares (small <1% reduction) under a pre‑arranged Rule 10b5‑1 plan; routine but can be interpreted as modest negative sentiment by some investors. SEC filing

Insider Activity at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $81.21, for a total transaction of $169,160.43. Following the transaction, the chief executive officer owned 289,315 shares in the company, valued at $23,495,271.15. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the transaction, the senior vice president owned 28,481 shares in the company, valued at approximately $2,363,923. This trade represents a 14.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 10,949 shares of company stock worth $902,747. Insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Trading Down 0.3%

Shares of NYSE PEG opened at $79.48 on Thursday. The firm’s 50 day moving average price is $82.11 and its 200-day moving average price is $81.62. The company has a market cap of $39.64 billion, a PE ratio of 17.58, a P/E/G ratio of 3.01 and a beta of 0.53. Public Service Enterprise Group Incorporated has a 52-week low of $76.00 and a 52-week high of $91.25. 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 issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.11. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.35 billion. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.37%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts expect that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio is currently 59.29%.

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.