Glenmede Trust Co. NA Raises Stake in Public Service Enterprise Group Incorporated $PEG

Glenmede Trust Co. NA boosted its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 39.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,755 shares of the utilities provider’s stock after buying an additional 18,305 shares during the quarter. Glenmede Trust Co. NA’s holdings in Public Service Enterprise Group were worth $5,242,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PEG. Chapman Financial Group LLC bought a new stake in Public Service Enterprise Group in the second quarter worth about $25,000. Quest 10 Wealth Builders Inc. boosted its stake in Public Service Enterprise Group by 250.5% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 248 shares during the last quarter. Bayban bought a new position in shares of Public Service Enterprise Group during the 4th quarter valued at approximately $33,000. Motiv8 Investments LLC bought a new position in shares of Public Service Enterprise Group during the 4th quarter valued at approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Public Service Enterprise Group during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

More Public Service Enterprise Group News

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

• Positive Sentiment: Quarterly earnings beat expectations: PSEG reported second-quarter EPS of $0.86, up from $0.77 a year earlier and above the $0.80 analyst consensus. The earnings outperformance may provide near-term support for PEG stock. PSEG Tops Q2 Earnings Estimates
• Positive Sentiment: 2026 guidance was reaffirmed: Management maintained its operating EPS outlook of $4.28 to $4.40, broadly in line with the $4.38 consensus estimate. The company also plans to file a base-rate case by year-end 2026, potentially supporting future utility earnings growth and cash flows. PSEG Reaffirms 2026 EPS and Base-Rate Filing Plans
• Positive Sentiment: Growth plans were highlighted on the earnings call: PSEG discussed initiatives intended to offset GAAP-related headwinds, which could improve longer-term growth prospects if execution remains on track. PSEG Earnings Call: Growth Plans Offset GAAP Headwinds
• Neutral Sentiment: CEO stock sale disclosed: CEO Ralph Larossa sold 2,083 shares worth approximately $159,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and represented only 0.73% of his direct holdings, it is unlikely to materially change the investment outlook. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed estimates and declined year over year: Quarterly revenue was $2.55 billion, below the $2.66 billion consensus and down 8.9% from the prior-year period. The top-line weakness may offset some of the benefit from the EPS beat. PSEG Quarterly Earnings Report

Insider Buying and Selling at Public Service Enterprise Group

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

Public Service Enterprise Group Price Performance

PEG stock opened at $76.55 on Wednesday. The firm has a 50 day moving average of $79.60 and a 200-day moving average of $80.81. The firm has a market capitalization of $38.14 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.88 and a beta of 0.51. Public Service Enterprise Group Incorporated has a 12 month low of $74.20 and a 12 month high of $91.25. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.31.

Public Service Enterprise Group (NYSE:PEG) last posted 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 17.69% and a return on equity of 12.30%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. Public Service Enterprise Group’s 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. As a group, sell-side analysts predict 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 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 dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.68 annualized dividend and a yield of 3.5%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 59.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEG. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets increased their price objective on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a report on Monday, April 13th. Royal Bank Of Canada assumed coverage on Public Service Enterprise Group in a research report on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 target price for the company. Wells Fargo & Company lowered their target price on Public Service Enterprise Group from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Truist Financial upped their price target on Public Service Enterprise Group from $88.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.25.

Public Service Enterprise Group 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.