Public Service Enterprise Group Incorporated $PEG Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,307,370 shares of the utilities provider’s stock after buying an additional 154,684 shares during the quarter. Schroder Investment Management Group owned 0.46% of Public Service Enterprise Group worth $191,604,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at about $25,000. Chapman Financial Group LLC bought a new stake in Public Service Enterprise Group during the second quarter worth approximately $25,000. Cedar Mountain Advisors LLC acquired a new position in Public Service Enterprise Group in the third quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in Public Service Enterprise Group in the third quarter worth approximately $38,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Public Service Enterprise Group in the third quarter valued at $43,000. 73.34% of the stock is owned by institutional investors and hedge funds.

Public Service Enterprise Group Stock Up 0.8%

Shares of Public Service Enterprise Group stock opened at $84.06 on Tuesday. The stock has a 50-day moving average price of $81.89 and a 200 day moving average price of $81.79. The company has a market cap of $41.92 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.71 and a beta of 0.60. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group Incorporated has a 1 year low of $74.67 and a 1 year high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. Public Service Enterprise Group’s payout ratio is presently 59.72%.

Insider Activity at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total transaction of $174,263.78. Following the completion of the sale, the chief executive officer owned 292,889 shares of the company’s stock, valued at $24,503,093.74. This trade represents a 0.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Richard T. Thigpen sold 4,700 shares of the business’s stock in a transaction 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 represents a 14.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group reduced their price objective on Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Evercore raised Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price target on the stock in a research note on Thursday, March 5th. Scotiabank restated a “sector perform” rating and set a $92.00 price objective on shares of Public Service Enterprise Group in a report on Thursday, February 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $85.00 price objective (down from $88.00) on shares of Public Service Enterprise Group in a research note on Thursday, January 22nd. Finally, Barclays raised their target price on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.73.

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.