Empowered Funds LLC Raises Stake in Public Service Enterprise Group Incorporated $PEG

Empowered Funds LLC lifted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 38.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,940 shares of the utilities provider’s stock after purchasing an additional 7,228 shares during the period. Empowered Funds LLC’s holdings in Public Service Enterprise Group were worth $2,100,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Energy Income Partners LLC lifted its holdings in Public Service Enterprise Group by 100.7% during the 1st quarter. Energy Income Partners LLC now owns 1,418,606 shares of the utilities provider’s stock valued at $114,836,000 after buying an additional 711,697 shares in the last quarter. Excelsior Advisor Network LLC bought a new position in Public Service Enterprise Group in the 1st quarter worth about $316,000. Quantinno Capital Management LP increased its position in shares of Public Service Enterprise Group by 66.2% during the first quarter. Quantinno Capital Management LP now owns 359,477 shares of the utilities provider’s stock worth $29,100,000 after acquiring an additional 143,148 shares during the period. Gateway Wealth Partners LLC bought a new stake in shares of Public Service Enterprise Group during the first quarter valued at approximately $473,000. Finally, OMERS ADMINISTRATION Corp boosted its holdings in shares of Public Service Enterprise Group by 29.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 23,048 shares of the utilities provider’s stock valued at $1,866,000 after purchasing an additional 5,198 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Down 0.7%

Shares of PEG stock opened at $75.01 on Friday. The stock’s fifty day moving average price is $79.43 and its 200 day moving average price is $80.75. Public Service Enterprise Group Incorporated has a 1-year low of $74.20 and a 1-year high of $88.65. The company has a market cap of $37.38 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.51. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.75.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%.The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the business posted $0.77 earnings per share. The firm’s revenue was down 8.9% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, research analysts expect that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 9th. Public Service Enterprise Group’s payout ratio is currently 66.67%.

Insider Activity 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 on Monday, August 3rd. The shares were sold at an average price of $76.47, for a total transaction of $159,287.01. Following the completion of the sale, the chief executive officer directly owned 283,656 shares in the company, valued at approximately $21,691,174.32. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Kim C. Hanemann sold 3,035 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total value of $248,870.00. Following the completion of the transaction, the chief operating officer owned 98,815 shares of the company’s stock, valued at $8,102,830. This trade represents a 2.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 9,284 shares of company stock worth $736,271. 0.19% of the stock is owned by insiders.

Key Public Service Enterprise Group News

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

• Positive Sentiment: EPS exceeded expectations: PSEG reported second-quarter 2026 earnings of $0.86 per share, above the $0.80 analyst consensus and up from $0.77 a year earlier. The result indicates solid earnings execution and may provide some support for PEG stock. PSEG Q2 2026 Earnings Call Summary
• Positive Sentiment: 2026 outlook was maintained: Management reaffirmed operating EPS guidance of $4.28 to $4.40, broadly consistent with analyst expectations. The company also discussed growth initiatives and plans to file a base-rate case by year-end 2026, which could support longer-term regulated-utility earnings and cash flow. Analyst Insights on PSEG
• Positive Sentiment: Dividend remains attractive: PSEG declared a quarterly dividend of $0.67, or $2.68 annualized, representing an approximately 3.5% yield and a payout ratio near 59%. This income profile may appeal to defensive and utility-focused investors. PSEG Dividend Announcement
• Neutral Sentiment: CEO stock sale was limited: CEO Ralph Larossa sold 2,083 shares for roughly $159,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.73%, making it unlikely to materially affect sentiment. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed estimates and declined: Quarterly revenue of $2.55 billion was below the $2.66 billion consensus and fell 8.9% year over year. The top-line weakness offsets some of the benefit from the EPS beat. PSEG Valuation Analysis
• Negative Sentiment: Analysts lowered targets: Citigroup cut its target from $91 to $84 and assigned a neutral rating, while Wells Fargo reduced its target from $91 to $89 but retained an overweight rating. Analysts view the dividend favorably, but PEG’s earnings valuation appears relatively rich, limiting near-term upside.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEG. BMO Capital Markets increased their price objective on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. Citigroup lowered their target price on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday. Truist Financial raised their price target on Public Service Enterprise Group from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $90.63.

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.