Kestra Advisory Services LLC Purchases 14,406 Shares of Public Service Enterprise Group Incorporated $PEG

Kestra Advisory Services LLC boosted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 26.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 69,089 shares of the utilities provider’s stock after purchasing an additional 14,406 shares during the period. Kestra Advisory Services LLC’s holdings in Public Service Enterprise Group were worth $5,593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PEG. Entropy Technologies LP grew its holdings in shares of Public Service Enterprise Group by 115.6% during the fourth quarter. Entropy Technologies LP now owns 24,717 shares of the utilities provider’s stock valued at $1,985,000 after buying an additional 13,253 shares during the last quarter. Nordea Investment Management AB raised its holdings in Public Service Enterprise Group by 28.6% in the 4th quarter. Nordea Investment Management AB now owns 2,266,925 shares of the utilities provider’s stock worth $182,759,000 after acquiring an additional 504,632 shares during the last quarter. Pensionfund Sabic bought a new position in Public Service Enterprise Group in the 4th quarter valued at approximately $1,301,000. Union Bancaire Privee UBP SA bought a new position in Public Service Enterprise Group in the 4th quarter valued at approximately $1,407,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in Public Service Enterprise Group by 38.0% during 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 purchasing an additional 536,363 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PEG has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on Public Service Enterprise Group from $96.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. BMO Capital Markets lifted their price objective on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. Finally, Truist Financial decreased their target price on Public Service Enterprise Group from $91.00 to $88.00 and set a “hold” rating for the company in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Public Service Enterprise Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.32.

Public Service Enterprise Group Trading Down 0.7%

Shares of NYSE:PEG opened at $79.93 on Thursday. The stock’s 50-day simple moving average is $79.54 and its two-hundred day simple moving average is $80.92. The stock has a market capitalization of $39.83 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 3.03 and a beta of 0.51. Public Service Enterprise Group Incorporated has a 52-week low of $76.05 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.35 billion. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio is 59.29%.

Insider Buying and Selling at Public Service Enterprise Group

In related news, 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 transaction, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at approximately $8,102,830. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Public Service Enterprise Group stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $80.51, for a total value of $167,702.33. Following the transaction, the chief executive officer owned 285,149 shares in the company, valued at $22,957,345.99. This trade represents a 0.73% 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 9,284 shares of company stock valued at $746,145 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

Public Service Enterprise Group Company 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.