Pacer Advisors Inc. Sells 13,156 Shares of Public Service Enterprise Group Incorporated $PEG

Pacer Advisors Inc. trimmed its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 26.3% in the first quarter, HoldingsChannel.com reports. The fund owned 36,876 shares of the utilities provider’s stock after selling 13,156 shares during the period. Pacer Advisors Inc.’s holdings in Public Service Enterprise Group were worth $2,985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of PEG. Vanguard Group Inc. grew its stake in Public Service Enterprise Group by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider’s stock valued at $5,420,155,000 after purchasing an additional 2,189,951 shares during the period. State Street Corp boosted its holdings in shares of Public Service Enterprise Group by 2.8% in the 4th quarter. State Street Corp now owns 28,361,198 shares of the utilities provider’s stock worth $2,277,404,000 after buying an additional 762,591 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Public Service Enterprise Group by 24.7% in the 2nd quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock worth $1,476,230,000 after buying an additional 3,469,886 shares during the last quarter. Geode Capital Management LLC grew its position in Public Service Enterprise Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider’s stock valued at $1,021,475,000 after buying an additional 114,351 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Public Service Enterprise Group by 9.8% during the second quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider’s stock valued at $674,218,000 after buying an additional 715,051 shares during the period. 73.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Public Service Enterprise Group news, COO Kim C. Hanemann sold 3,035 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total transaction of $248,870.00. Following the sale, the chief operating officer owned 98,815 shares of the company’s stock, valued at $8,102,830. The trade was a 2.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s 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 sale, the chief executive officer directly owned 283,656 shares in the company, valued at $21,691,174.32. The trade was a 0.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,284 shares of company stock valued at $736,271 over the last quarter. 0.19% of the stock is owned by company insiders.

More 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.

Public Service Enterprise Group Price Performance

NYSE PEG opened at $75.01 on Friday. The company has a market cap of $37.38 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.51. Public Service Enterprise Group Incorporated has a 52 week low of $74.20 and a 52 week high of $88.65. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 1.31. The firm’s 50-day simple moving average is $79.43 and its two-hundred day simple moving average is $80.75.

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

Public Service Enterprise Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

PEG has been the topic of several research reports. Royal Bank Of Canada began coverage on shares of Public Service Enterprise Group in a research report on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday. Weiss Ratings lowered shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday. Truist Financial lifted their price target on shares of Public Service Enterprise Group from $88.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Finally, Citigroup dropped their price objective on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research 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’s stock. According to MarketBeat, the company presently has a consensus 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.