Public Service Enterprise Group Incorporated $PEG Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 610,013 shares of the utilities provider’s stock after selling 53,980 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of Public Service Enterprise Group worth $50,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PEG. HM Payson & Co. grew its stake in Public Service Enterprise Group by 3.3% in the 3rd 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 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 acquiring an additional 121 shares in the last quarter. Colonial Trust Co SC raised its holdings in Public Service Enterprise Group by 26.8% in the 3rd quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 121 shares during the last quarter. Transcend Capital Advisors LLC lifted its stake in 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 in the last quarter. Finally, Sage Private Wealth Group LLC lifted its stake in Public Service Enterprise Group by 4.9% in the 3rd quarter. Sage Private Wealth Group LLC now owns 2,831 shares of the utilities provider’s stock worth $236,000 after purchasing an additional 133 shares in the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PEG. Wall Street Zen lowered Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday. Scotiabank reiterated a “sector perform” rating and set a $92.00 price objective on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. LADENBURG THALM/SH SH upgraded Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 target price for the company in a report on Wednesday, January 7th. Evercore raised Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 target price for the company in a research note on Thursday. Finally, Argus upgraded Public Service Enterprise Group to a “strong-buy” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.73.

Insider Buying and Selling at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $83.66, for a total transaction of $174,263.78. Following the transaction, the chief executive officer owned 292,889 shares of the company’s stock, valued at approximately $24,503,093.74. This represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Richard T. Thigpen sold 4,700 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the transaction, the senior vice president owned 28,481 shares of the company’s stock, valued at $2,363,923. This trade represents a 14.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Price Performance

Shares of PEG opened at $83.41 on Friday. The firm has a 50-day simple moving average of $81.82 and a two-hundred day simple moving average of $81.82. The stock has a market cap of $41.60 billion, a PE ratio of 19.77, a P/E/G ratio of 2.73 and a beta of 0.60. Public Service Enterprise Group Incorporated has a 1-year low of $74.67 and a 1-year high of $91.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the business posted $0.84 EPS. The business’s revenue for the quarter 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 forecast that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.67 per share. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, March 10th. Public Service Enterprise Group’s dividend payout ratio (DPR) is 59.72%.

Public Service Enterprise Group News Roundup

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

• Positive Sentiment: Analysts raised earnings and targets — Scotiabank increased its FY2026 and FY2027 EPS forecasts for PEG (to $4.37 and $4.68 respectively) and set a $92 target, reflecting stronger expected earnings from regulated operations. This signals upward revisions to fundamentals that can support the stock.
• Positive Sentiment: Broker upgrades lift sentiment — Evercore upgraded PSEG from in-line to outperform and set a $96 price target, giving the stock a notable upside case that may attract buyers. Finviz
• Positive Sentiment: Price-target increases from other shops — Barclays raised its target to $89 while keeping an equal-weight rating, and other brokers have recently raised targets or reaffirmed buys, supporting a consensus near ~$92 that underpins valuation expectations. Tickerreport
• Positive Sentiment: Fundamentals and shareholder returns — PEG recently reported a modest earnings beat and gave FY2026 EPS guidance (~$4.28–4.40). The company also raised its quarterly dividend to $0.67, improving yield and income appeal for dividend-focused investors.
• Neutral Sentiment: Institutional flows remain large — Vanguard, State Street and others increased stakes in PEG during recent quarters, signaling continued institutional allocation but not an immediate directional catalyst.
• Negative Sentiment: High-profile caution from Jim Cramer — On-air, Jim Cramer advised listeners not to buy PEG, a headline that can sway retail sentiment and increase short-term selling pressure. Jim Cramer on PEG
• Negative Sentiment: Insider selling — SVP Richard Thigpen sold 4,700 shares (~$390k) in early March; while not massive, insider sales can be viewed negatively by investors focused on insider alignment. SEC filing: SEC Filing

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.