WINTON GROUP Ltd Increases Holdings in Public Service Enterprise Group Incorporated $PEG

WINTON GROUP Ltd lifted its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 86.2% during the second quarter, HoldingsChannel reports. The firm owned 15,337 shares of the utilities provider’s stock after purchasing an additional 7,101 shares during the quarter. WINTON GROUP Ltd’s holdings in Public Service Enterprise Group were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Engineers Gate Manager LP raised its position in Public Service Enterprise Group by 74.4% in the second quarter. Engineers Gate Manager LP now owns 105,592 shares of the utilities provider’s stock worth $8,570,000 after acquiring an additional 45,056 shares during the period. Cidel Asset Management Inc. grew its position in shares of Public Service Enterprise Group by 9.1% during the 2nd quarter. Cidel Asset Management Inc. now owns 3,869 shares of the utilities provider’s stock valued at $314,000 after acquiring an additional 323 shares during the period. Capital Analysts LLC grew its position in shares of Public Service Enterprise Group by 209.3% during the 2nd quarter. Capital Analysts LLC now owns 10,239 shares of the utilities provider’s stock valued at $831,000 after acquiring an additional 6,929 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Public Service Enterprise Group by 30.5% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,492 shares of the utilities provider’s stock worth $608,000 after purchasing an additional 1,752 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Public Service Enterprise Group by 68.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 36,316 shares of the utilities provider’s stock worth $2,947,000 after purchasing an additional 14,694 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

Insider Buying and Selling

In related news, SVP Richard Thigpen sold 8,000 shares of the business’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 completion of the transaction, the senior vice president directly owned 20,970 shares in the company, valued at $1,563,523.20. The trade was a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ralph LaRossa sold 2,083 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $76.47, for a total value of $159,287.01. Following the completion of the transaction, the chief executive officer owned 283,656 shares in the company, valued at $21,691,174.32. This 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 15,201 shares of company stock worth $1,172,339 over the last ninety days. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank Of Canada began coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price objective for the company. Weiss Ratings cut Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Morgan Stanley cut their price target on Public Service Enterprise Group from $93.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Wells Fargo & Company lowered their price objective on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Finally, Citigroup dropped their price objective on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Public Service Enterprise Group currently has an average rating of “Hold” and a consensus target price of $89.43.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock opened at $72.41 on Monday. Public Service Enterprise Group Incorporated has a 1-year low of $72.08 and a 1-year high of $87.63. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $36.09 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.50. The firm’s 50 day simple moving average is $76.38 and its 200 day simple moving average is $79.27.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.66 billion. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts expect that Public Service Enterprise Group Incorporated will post 4.36 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 3.7%. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 66.67%.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Through its principal subsidiary, Public Service Electric and Gas Company (PSE&G), it provides regulated electric and natural gas transmission, distribution and delivery services to residential, commercial and industrial customers, primarily in New Jersey.

PSEG also owns PSEG Power, which operates and manages a diverse portfolio of electric-generating facilities, including nuclear, natural gas and renewable energy assets.