Entropy Technologies LP Has $1.99 Million Stock Position in Public Service Enterprise Group Incorporated $PEG

Entropy Technologies LP lifted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 115.6% in the fourth quarter, HoldingsChannel reports. The firm owned 24,717 shares of the utilities provider’s stock after purchasing an additional 13,253 shares during the period. Entropy Technologies LP’s holdings in Public Service Enterprise Group were worth $1,985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC boosted its position in shares of Public Service Enterprise Group by 57.1% in the 4th quarter. Barclays PLC now owns 1,439,753 shares of the utilities provider’s stock valued at $115,612,000 after purchasing an additional 523,306 shares during the period. Aptus Capital Advisors LLC boosted its position in shares of Public Service Enterprise Group by 3.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 8,761 shares of the utilities provider’s stock valued at $703,000 after purchasing an additional 272 shares during the period. Arete Wealth Advisors LLC boosted its position in shares of Public Service Enterprise Group by 10.3% in the 4th quarter. Arete Wealth Advisors LLC now owns 9,190 shares of the utilities provider’s stock valued at $738,000 after purchasing an additional 857 shares during the period. Jacobi Capital Management LLC boosted its position in shares of Public Service Enterprise Group by 0.9% in the 4th quarter. Jacobi Capital Management LLC now owns 22,769 shares of the utilities provider’s stock valued at $1,828,000 after purchasing an additional 197 shares during the period. Finally, FORA Capital LLC boosted its position in shares of Public Service Enterprise Group by 225.7% in the 4th quarter. FORA Capital LLC now owns 17,136 shares of the utilities provider’s stock valued at $1,376,000 after purchasing an additional 11,875 shares during the period. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Up 0.6%

Shares of PEG stock opened at $80.17 on Tuesday. The stock’s 50 day simple moving average is $79.53 and its 200 day simple moving average is $80.84. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97. Public Service Enterprise Group Incorporated has a twelve month low of $76.05 and a twelve month high of $91.25. The company has a market capitalization of $39.95 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 3.00 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the business earned $1.43 EPS. The firm’s revenue was up 19.4% 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, research analysts predict that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 59.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PEG shares. Weiss Ratings lowered Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Wells Fargo & Company raised their price objective on Public Service Enterprise Group from $96.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Evercore upgraded Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective for the company in a research report on Thursday, March 5th. JPMorgan Chase & Co. raised their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Barclays raised their price objective on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.19.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $77.01, for a total transaction of $160,411.83. Following the sale, the chief executive officer owned 287,232 shares of the company’s stock, valued at approximately $22,119,736.32. This trade represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,249 shares of company stock valued at $498,795. Company insiders own 0.19% of the company’s stock.

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.