River Wealth Advisors LLC Buys 6,083 Shares of Public Service Enterprise Group Incorporated $PEG

River Wealth Advisors LLC increased its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 32.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,808 shares of the utilities provider’s stock after purchasing an additional 6,083 shares during the period. River Wealth Advisors LLC’s holdings in Public Service Enterprise Group were worth $2,070,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of Public Service Enterprise Group by 10.3% during the 1st quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock worth $831,000 after buying an additional 940 shares during the period. Woodline Partners LP boosted its stake in Public Service Enterprise Group by 40.7% during the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after acquiring an additional 12,172 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Public Service Enterprise Group by 10.4% during the second quarter. Ashton Thomas Private Wealth LLC now owns 3,821 shares of the utilities provider’s stock valued at $322,000 after purchasing an additional 359 shares during the period. Keybank National Association OH grew its holdings in Public Service Enterprise Group by 19.2% during the second quarter. Keybank National Association OH now owns 9,184 shares of the utilities provider’s stock valued at $773,000 after purchasing an additional 1,480 shares during the period. Finally, Strs Ohio increased its stake in Public Service Enterprise Group by 45.4% in the second quarter. Strs Ohio now owns 41,711 shares of the utilities provider’s stock valued at $3,511,000 after purchasing an additional 13,020 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

More Public Service Enterprise Group News

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

• Positive Sentiment: Broker upgrade and higher price target: Wells Fargo raised its PEG price target from $92 to $94 and moved the stock to “overweight,” signaling ~9% upside from recent levels. Benzinga: Wells Fargo price target raise
• Positive Sentiment: Dividend increase and shareholder-friendly action: PSEG declared a $0.67 quarterly dividend (annualized ~$2.68), a ~6% raise and the company’s 15th consecutive increase — supports the stock’s income appeal and contributes to yield (~3.1%). PR Newswire: PSEG Increases 2026 Common Stock Dividend
• Positive Sentiment: Q4 results beat and revenue growth: Q4 EPS of $0.72 topped consensus by $0.01 and revenue of $2.92B beat estimates, with revenue up ~18% YoY — positive near-term operational signal. MarketBeat: Q4 results
• Positive Sentiment: Longer-term growth via higher capex and rate-base guidance: PSEG raised its 5-year regulated capital plan to $22.5–$25.5B and reiterated multi-year rate-base CAGR targets, supporting future regulated earnings growth. PR Newswire: PSEG announces 2025 results
• Neutral Sentiment: FY-2026 EPS guidance roughly in line/slightly soft: Management set 2026 EPS guidance at $4.28–$4.40 vs. consensus ~4.39 — close to expectations but leaves little margin for upside. PSEG FY-2026 guidance (press release)
• Negative Sentiment: Profit forecast below some estimates amid higher spending: Reuters highlights that PSEG’s 2026 profit outlook was below some analyst estimates even as the company raised its spending plan — a combination that can pressure near-term margins and investor expectations. Reuters: PSEG forecasts 2026 profit below estimates

Public Service Enterprise Group Trading Up 0.2%

NYSE PEG opened at $85.98 on Friday. Public Service Enterprise Group Incorporated has a 52 week low of $74.67 and a 52 week high of $91.25. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.69 and a current ratio of 0.93. The stock’s 50 day moving average price is $81.49 and its two-hundred day moving average price is $81.87. The stock has a market capitalization of $42.92 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 2.78 and a beta of 0.59.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.16%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the company earned $0.84 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal 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 paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, March 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 60.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PEG. Barclays decreased their price target on shares of Public Service Enterprise Group from $87.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. Jefferies Financial Group raised Public Service Enterprise Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $89.00 to $90.00 in a research note on Thursday, November 6th. Wells Fargo & Company increased their price target on Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday. BMO Capital Markets cut their price objective on Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating on the stock in a report on Tuesday, November 4th. Finally, LADENBURG THALM/SH SH raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 target price for the company in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.18.

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.