Public Service Enterprise Group Incorporated $PEG Shares Sold by Stonebrook Private Inc.

Stonebrook Private Inc. decreased its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 75.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,994 shares of the utilities provider’s stock after selling 9,227 shares during the period. Stonebrook Private Inc.’s holdings in Public Service Enterprise Group were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Nordea Investment Management AB lifted its position in shares of Public Service Enterprise Group by 28.6% during the 4th quarter. Nordea Investment Management AB now owns 2,266,925 shares of the utilities provider’s stock worth $182,759,000 after purchasing an additional 504,632 shares during the last quarter. Assetmark Inc. lifted its position in shares of Public Service Enterprise Group by 4.6% during the 3rd quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider’s stock worth $74,609,000 after purchasing an additional 38,949 shares during the last quarter. Greenland Capital Management LP lifted its position in shares of Public Service Enterprise Group by 238.9% during the 3rd quarter. Greenland Capital Management LP now owns 69,734 shares of the utilities provider’s stock worth $5,820,000 after purchasing an additional 49,157 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Public Service Enterprise Group by 38.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 905,489 shares of the utilities provider’s stock worth $75,572,000 after purchasing an additional 252,718 shares during the last quarter. Finally, Pensionfund Sabic purchased a new stake in shares of Public Service Enterprise Group during the 4th quarter worth $1,301,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 287,232 shares of the company’s stock, valued at approximately $22,119,736.32. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,249 shares of company stock valued at $498,795 over the last three months. 0.19% of the stock is owned by insiders.

Public Service Enterprise Group Price Performance

Shares of PEG opened at $78.57 on Thursday. 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 $39.15 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 2.96 and a beta of 0.51. 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 $79.64 and a 200 day moving average price of $80.89.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results 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 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 company earned $1.43 earnings per share. Public Service Enterprise Group’s quarterly 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, sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given 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 3.4%. Public Service Enterprise Group’s payout ratio is 59.29%.

Analyst Upgrades and Downgrades

PEG has been the subject of several recent analyst reports. Jefferies Financial Group cut shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $90.00 to $89.00 in a research report on Wednesday, April 15th. Weiss Ratings cut shares of Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Evercore raised shares of 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. LADENBURG THALM/SH SH cut shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $87.50 to $84.50 in a research report on Friday, March 13th. Finally, Wells Fargo & Company boosted their price target on shares of Public Service Enterprise Group from $96.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and an average target price of $93.19.

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.