Public Service Enterprise Group Incorporated $PEG Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd trimmed its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 21.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,360,650 shares of the utilities provider’s stock after selling 361,700 shares during the quarter. Public Service Enterprise Group makes up 1.4% of Railway Pension Investments Ltd’s portfolio, making the stock its 27th biggest holding. Railway Pension Investments Ltd owned approximately 0.27% of Public Service Enterprise Group worth $110,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Westfuller Advisors LLC increased its position in Public Service Enterprise Group by 7.3% during the first quarter. Westfuller Advisors LLC now owns 1,891 shares of the utilities provider’s stock worth $153,000 after purchasing an additional 129 shares during the last quarter. Key Financial Inc raised its holdings in shares of Public Service Enterprise Group by 2.6% during the 4th quarter. Key Financial Inc now owns 5,221 shares of the utilities provider’s stock valued at $419,000 after buying an additional 133 shares during the period. Benjamin Edwards Inc. grew its holdings in Public Service Enterprise Group by 4.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,231 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 134 shares in the last quarter. CFS Investment Advisory Services LLC increased its position in shares of Public Service Enterprise Group by 1.0% during the fourth quarter. CFS Investment Advisory Services LLC now owns 13,296 shares of the utilities provider’s stock worth $1,068,000 after acquiring an additional 138 shares during the last quarter. Finally, Advisor OS LLC boosted its stake in shares of Public Service Enterprise Group by 5.3% during the 4th quarter. Advisor OS LLC now owns 2,949 shares of the utilities provider’s stock valued at $237,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insider Activity

In related news, SVP Richard T. Thigpen sold 8,000 shares of Public Service Enterprise Group stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the sale, the senior vice president owned 20,970 shares in the company, valued at approximately $1,563,523.20. This trade represents a 27.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Kim C. Hanemann sold 3,035 shares of Public Service Enterprise Group stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total transaction of $248,870.00. Following the sale, the chief operating officer owned 98,815 shares of the company’s stock, valued at approximately $8,102,830. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,201 shares of company stock worth $1,172,339 over the last ninety days. 0.19% of the stock is currently owned by insiders.

Public Service Enterprise Group Trading Up 0.3%

Shares of NYSE PEG opened at $73.38 on Tuesday. The business has a 50-day moving average price of $77.92 and a two-hundred day moving average price of $80.04. Public Service Enterprise Group Incorporated has a one year low of $72.53 and a one year high of $87.63. The firm has a market capitalization of $36.57 billion, a PE ratio of 18.25, a PEG ratio of 2.76 and a beta of 0.51. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts predict that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $0.67 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.7%. Public Service Enterprise Group’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

PEG has been the topic of several research analyst reports. Morgan Stanley reduced their price target on shares of Public Service Enterprise Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Weiss Ratings cut shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reduced their price target on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Wall Street Zen cut Public Service Enterprise Group from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Truist Financial reduced their price objective on shares of Public Service Enterprise Group from $90.00 to $84.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Public Service Enterprise Group currently has an average rating of “Hold” and a consensus price target of $89.43.

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.