Public Service Enterprise Group Incorporated $PEG Shares Newly Acquired by Abel Hall LLC

Abel Hall LLC acquired a new position in Public Service Enterprise Group Incorporated (NYSE:PEG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,540 shares of the utilities provider’s stock, valued at approximately $575,000.

Several other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC increased its holdings in shares of Public Service Enterprise Group by 26.3% in the first quarter. Kestra Advisory Services LLC now owns 69,089 shares of the utilities provider’s stock valued at $5,593,000 after purchasing an additional 14,406 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its position in Public Service Enterprise Group by 135.2% during the first quarter. Elevation Point Wealth Partners LLC now owns 21,693 shares of the utilities provider’s stock worth $1,756,000 after buying an additional 12,468 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Public Service Enterprise Group by 120.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 63,102 shares of the utilities provider’s stock worth $5,108,000 after buying an additional 34,415 shares during the last quarter. Commerce Bank acquired a new position in Public Service Enterprise Group during the second quarter worth $3,934,000. Finally, Quantinno Capital Management LP boosted its stake in 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 buying an additional 143,148 shares during the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Richard T. Thigpen sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the senior vice president owned 20,970 shares of the company’s stock, valued at $1,563,523.20. This trade represents a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $67.48, for a total value of $140,560.84. Following the completion of the transaction, the chief executive officer owned 279,490 shares in the company, valued at $18,859,985.20. This trade represents a 0.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,166 shares of company stock valued at $896,328 over the last three months. Company insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Stock Down 1.6%

Shares of NYSE:PEG traded down $1.18 during trading on Monday, hitting $70.31. The company’s stock had a trading volume of 3,266,802 shares, compared to its average volume of 3,071,712. The business has a 50 day moving average price of $71.80 and a two-hundred day moving average price of $76.87. The company has a market capitalization of $35.05 billion, a PE ratio of 17.49, a P/E/G ratio of 2.69 and a beta of 0.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88. Public Service Enterprise Group Incorporated has a fifty-two week low of $66.15 and a fifty-two week high of $87.63.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Public Service Enterprise Group from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday. Weiss Ratings lowered shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. Wells Fargo & Company cut their price objective 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, August 5th. Finally, Citigroup reduced their target price on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Public Service Enterprise Group has a consensus rating of “Hold” and a consensus price target of $87.97.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.