Public Service Enterprise Group Incorporated $PEG Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 8.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 610,013 shares of the utilities provider’s stock after selling 53,980 shares during the period. Victory Capital Management Inc.’s holdings in Public Service Enterprise Group were worth $50,912,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Public Service Enterprise Group by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 65,308,870 shares of the utilities provider’s stock valued at $5,450,678,000 after buying an additional 347,823 shares during the period. State Street Corp increased its position in shares of Public Service Enterprise Group by 0.8% during the second quarter. State Street Corp now owns 27,330,736 shares of the utilities provider’s stock worth $2,300,701,000 after acquiring an additional 206,843 shares during the period. Bank of America Corp DE raised its stake in shares of Public Service Enterprise Group by 24.7% in the second quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock valued at $1,476,230,000 after acquiring an additional 3,469,886 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Public Service Enterprise Group by 0.9% in the second quarter. Geode Capital Management LLC now owns 12,526,776 shares of the utilities provider’s stock valued at $1,049,973,000 after acquiring an additional 110,087 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Public Service Enterprise Group by 9.8% in the second quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider’s stock valued at $674,218,000 after purchasing an additional 715,051 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

More Public Service Enterprise Group News

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

• Positive Sentiment: Analysts raised earnings and targets — Scotiabank increased its FY2026 and FY2027 EPS forecasts for PEG (to $4.37 and $4.68 respectively) and set a $92 target, reflecting stronger expected earnings from regulated operations. This signals upward revisions to fundamentals that can support the stock.
• Positive Sentiment: Broker upgrades lift sentiment — Evercore upgraded PSEG from in-line to outperform and set a $96 price target, giving the stock a notable upside case that may attract buyers. Finviz
• Positive Sentiment: Price-target increases from other shops — Barclays raised its target to $89 while keeping an equal-weight rating, and other brokers have recently raised targets or reaffirmed buys, supporting a consensus near ~$92 that underpins valuation expectations. Tickerreport
• Positive Sentiment: Fundamentals and shareholder returns — PEG recently reported a modest earnings beat and gave FY2026 EPS guidance (~$4.28–4.40). The company also raised its quarterly dividend to $0.67, improving yield and income appeal for dividend-focused investors.
• Neutral Sentiment: Institutional flows remain large — Vanguard, State Street and others increased stakes in PEG during recent quarters, signaling continued institutional allocation but not an immediate directional catalyst.
• Negative Sentiment: High-profile caution from Jim Cramer — On-air, Jim Cramer advised listeners not to buy PEG, a headline that can sway retail sentiment and increase short-term selling pressure. Jim Cramer on PEG
• Negative Sentiment: Insider selling — SVP Richard Thigpen sold 4,700 shares (~$390k) in early March; while not massive, insider sales can be viewed negatively by investors focused on insider alignment. SEC filing: SEC Filing

Public Service Enterprise Group Trading Down 0.6%

PEG opened at $83.41 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $91.25. The company has a market cap of $41.60 billion, a P/E ratio of 19.77, a PEG ratio of 2.73 and a beta of 0.60. The business’s 50-day simple moving average is $81.82 and its 200-day simple moving average is $81.82.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, March 10th. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s payout ratio is presently 59.72%.

Insider Activity at Public Service Enterprise Group

In related news, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total transaction of $174,263.78. Following the sale, the chief executive officer directly owned 292,889 shares in the company, valued at $24,503,093.74. This trade represents a 0.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard T. Thigpen sold 4,700 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the sale, the senior vice president directly owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. This trade represents a 14.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. LADENBURG THALM/SH SH raised Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 target price for the company in a research note on Wednesday, January 7th. Evercore upgraded Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective for the company in a research note on Thursday. Wells Fargo & Company boosted their price objective on Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 target price (down from $88.00) on shares of Public Service Enterprise Group in a research note on Thursday, January 22nd. Finally, UBS Group decreased their price target on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Public Service Enterprise Group presently has a consensus rating of “Moderate Buy” and an average target price of $92.73.

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.