Natixis Advisors LLC Reduces Position in Public Service Enterprise Group Incorporated $PEG

Natixis Advisors LLC lessened its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 14.3% during the 4th quarter, Holdings Channel reports. The firm owned 214,221 shares of the utilities provider’s stock after selling 35,792 shares during the quarter. Natixis Advisors LLC’s holdings in Public Service Enterprise Group were worth $17,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Public Service Enterprise Group by 38.0% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,946,512 shares of the utilities provider’s stock valued at $156,305,000 after acquiring an additional 536,363 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at $822,000. BNP Paribas purchased a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at $4,502,000. New Mexico Educational Retirement Board boosted its holdings in shares of Public Service Enterprise Group by 1.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 22,899 shares of the utilities provider’s stock valued at $1,839,000 after acquiring an additional 400 shares during the last quarter. Finally, Ellevest Inc. purchased a new stake in shares of Public Service Enterprise Group in the 4th quarter valued at $379,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Performance

PEG opened at $79.48 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.75. The firm has a fifty day moving average price of $79.80 and a 200 day moving average price of $80.97. Public Service Enterprise Group Incorporated has a 1 year low of $76.05 and a 1 year high of $91.25. The stock has a market cap of $39.61 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.94 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.11. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the business posted $1.43 EPS. The business’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. Equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 9th. Public Service Enterprise Group’s payout ratio is currently 59.29%.

Insider Activity

In related news, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $77.01, for a total value of $160,411.83. Following the completion of the transaction, the chief executive officer directly owned 287,232 shares in the company, valued at $22,119,736.32. The trade was a 0.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,249 shares of company stock valued at $498,795. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

PEG has been the topic of several recent research reports. BMO Capital Markets upped their price objective on shares of Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a report on Monday, April 13th. Evercore raised shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective on the stock in a report on Thursday, March 5th. LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $87.50 to $84.50 in a report on Friday, March 13th. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Barclays upped their price objective on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.19.

Public Service Enterprise Group Profile

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.