Public Service Enterprise Group Incorporated $PEG Stock Position Lifted by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 32.2% during the first quarter, Holdings Channel.com reports. The firm owned 92,133 shares of the utilities provider’s stock after acquiring an additional 22,447 shares during the period. Janus Henderson Group PLC’s holdings in Public Service Enterprise Group were worth $7,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group during the 2nd quarter valued at about $25,000. Quest 10 Wealth Builders Inc. boosted its holdings in shares of Public Service Enterprise Group by 250.5% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 248 shares in the last quarter. Bayban bought a new position in shares of Public Service Enterprise Group in the fourth quarter valued at approximately $33,000. Motiv8 Investments LLC acquired a new position in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Public Service Enterprise Group during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada started coverage on Public Service Enterprise Group in a research report on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 target price for the company. Citigroup dropped their price objective on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday. Truist Financial upped their price objective on Public Service Enterprise Group from $88.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 16th. BMO Capital Markets raised their target price on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research note on Monday, April 13th. Finally, Weiss Ratings lowered Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.63.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $76.47, for a total value of $159,287.01. Following the completion of the sale, the chief executive officer owned 283,656 shares of the company’s stock, valued at $21,691,174.32. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kim C. Hanemann sold 3,035 shares of Public Service Enterprise Group stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total value of $248,870.00. Following the transaction, the chief operating officer owned 98,815 shares in the company, valued at $8,102,830. This represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,284 shares of company stock valued at $736,271 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Trading Down 0.9%

Shares of NYSE PEG opened at $75.57 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. Public Service Enterprise Group Incorporated has a 12 month low of $74.20 and a 12 month high of $88.65. The company has a market cap of $37.66 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.87 and a beta of 0.51. The business has a fifty day simple moving average of $79.51 and a 200-day simple moving average of $80.78.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Public Service Enterprise Group had a return on equity of 12.46% and a net margin of 16.04%.The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business posted $0.77 EPS. Public Service Enterprise Group’s revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Sell-side analysts predict that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 59.29%.

Key Public Service Enterprise Group News

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

• Positive Sentiment: EPS exceeded expectations: PSEG reported second-quarter earnings of $0.86 per share, ahead of the $0.80 consensus and up from $0.77 a year earlier. The earnings outperformance provides some support for PEG. PSEG Tops Q2 Earnings Estimates
• Positive Sentiment: 2026 outlook was maintained: Management reaffirmed operating EPS guidance of $4.28 to $4.40, broadly consistent with the $4.38 analyst consensus. PSEG also plans to submit a base-rate filing by the end of 2026, potentially supporting future regulated-utility earnings and cash flow. PSEG Reaffirms 2026 EPS and Base-Rate Filing Plans
• Positive Sentiment: Dividend remains attractive: PSEG declared a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a yield of approximately 3.5%. PSEG Dividend and Insider Trading Report
• Neutral Sentiment: CEO sale was conducted under a trading plan: CEO Ralph Larossa sold 2,083 shares for about $159,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.73%, limiting its significance for investors. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed and declined: Quarterly revenue of $2.55 billion fell short of the $2.66 billion estimate and decreased 8.9% year over year. The top-line weakness offsets part of the EPS beat and may be weighing on the stock. PSEG Quarterly Earnings Report
• Negative Sentiment: Analysts reduced price targets: Citigroup cut its target from $91 to $84 and assigned a neutral rating, while Wells Fargo lowered its target from $91 to $89 but retained an overweight rating. The revisions signal more cautious near-term expectations despite implied upside. Benzinga Analyst Rating Updates

About Public Service Enterprise Group

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.