Stevens Capital Management LP Sells 8,652 Shares of Public Service Enterprise Group Incorporated $PEG

Stevens Capital Management LP decreased its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 57.0% during the fourth quarter, Holdings Channel reports. The firm owned 6,524 shares of the utilities provider’s stock after selling 8,652 shares during the quarter. Stevens Capital Management LP’s holdings in Public Service Enterprise Group were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rossby Financial LCC increased its holdings in Public Service Enterprise Group by 5.5% during the third quarter. Rossby Financial LCC now owns 2,311 shares of the utilities provider’s stock valued at $191,000 after buying an additional 121 shares during the last quarter. Colonial Trust Co SC increased its holdings in Public Service Enterprise Group by 26.8% during the third quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider’s stock valued at $48,000 after buying an additional 121 shares during the last quarter. JPL Wealth Management LLC increased its holdings in Public Service Enterprise Group by 0.4% during the third quarter. JPL Wealth Management LLC now owns 32,758 shares of the utilities provider’s stock valued at $2,734,000 after buying an additional 122 shares during the last quarter. Transcend Capital Advisors LLC increased its holdings in Public Service Enterprise Group by 2.6% during the third quarter. Transcend Capital Advisors LLC now owns 4,916 shares of the utilities provider’s stock valued at $410,000 after buying an additional 125 shares during the last quarter. Finally, Strategic Investment Advisors MI increased its holdings in Public Service Enterprise Group by 0.8% during the third quarter. Strategic Investment Advisors MI now owns 15,954 shares of the utilities provider’s stock valued at $1,331,000 after buying an additional 127 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

Wall Street Analysts Forecast Growth

PEG has been the subject of a number of research reports. Scotiabank reaffirmed a “sector perform” rating and set a $92.00 target price on shares of Public Service Enterprise Group in a report on Thursday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Barclays upped their target price on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Jefferies Financial Group cut shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $90.00 to $89.00 in a report on Wednesday, April 15th. Finally, Wall Street Zen cut shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.42.

Public Service Enterprise Group News Summary

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

• Positive Sentiment: Q1 results beat and stronger revenue — PEG reported $1.55 EPS (above estimates) and revenue of $3.85B (+19.4% y/y); operating income rose as winter storm-driven demand boosted electric and gas volumes, supporting near?term cash flow and the utility’s regulated earnings power. Public Service Enterprise tops profit estimates
• Positive Sentiment: Analyst price-target lift — Wells Fargo raised its price target to $97 and kept an “overweight” rating (implying ~22% upside from current levels), adding a fresh buy-side signal that can support longer?term upside. Wells Fargo raises price target
• Positive Sentiment: Dividend maintained and yield remains attractive — PEG announced a $0.67 quarterly dividend (annualized $2.68, ~3.4% yield), supporting income-oriented investor demand. MarketBeat PEG page
• Neutral Sentiment: FY?2026 guidance unchanged — Management set operating EPS guidance of $4.28–$4.40 (roughly in line with the street), which is steady but not materially above consensus and limits surprise upside. Guidance maintained
• Neutral Sentiment: Earnings call materials available — Transcripts and slides provide more detail on rate cases, regulated capex ($22.5B–$25.5B through 2030) and timing of storm-related benefits; those details will influence near?term guidance interpretation. Earnings call transcript
• Negative Sentiment: Insider sale by CEO — Ralph Larossa sold 2,083 shares (small <1% reduction) under a pre?arranged Rule 10b5?1 plan; routine but can be interpreted as modest negative sentiment by some investors. SEC filing

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $81.21, for a total value of $169,160.43. Following the completion of the sale, the chief executive officer directly owned 289,315 shares of the company’s stock, valued at $23,495,271.15. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the firm’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 transaction, the senior vice president directly owned 28,481 shares of the company’s stock, valued at $2,363,923. The trade was a 14.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,949 shares of company stock valued at $902,747. Corporate insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Stock Performance

Shares of NYSE PEG opened at $79.48 on Thursday. The firm has a fifty day moving average price of $82.11 and a 200-day moving average price of $81.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60. The stock has a market cap of $39.64 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 3.01 and a beta of 0.53. Public Service Enterprise Group Incorporated has a 1 year low of $76.00 and a 1 year high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last announced 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 firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.37%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Equities analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio is 59.29%.

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.