Pacer Advisors Inc. Buys 7,958 Shares of Public Service Enterprise Group Incorporated $PEG

Pacer Advisors Inc. grew its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 18.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,032 shares of the utilities provider’s stock after acquiring an additional 7,958 shares during the quarter. Pacer Advisors Inc.’s holdings in Public Service Enterprise Group were worth $4,018,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Chapman Financial Group LLC bought a new stake in Public Service Enterprise Group during the second quarter worth about $25,000. Quest 10 Wealth Builders Inc. lifted its holdings in shares of Public Service Enterprise Group by 250.5% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 248 shares during the period. Motiv8 Investments LLC acquired a new stake in shares of Public Service Enterprise Group during the 4th quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Public Service Enterprise Group in the fourth quarter valued at approximately $44,000. Finally, TFC Financial Management Inc. raised its position in Public Service Enterprise Group by 3,000.0% during the fourth quarter. TFC Financial Management Inc. now owns 589 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 570 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.

Insider Buying and Selling at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $77.01, for a total transaction of $160,411.83. Following the sale, the chief executive officer directly owned 287,232 shares in the company, valued at approximately $22,119,736.32. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,249 shares of company stock worth $498,795 in the last quarter. Insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Stock Up 0.9%

Shares of NYSE:PEG opened at $80.63 on Tuesday. 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 market capitalization of $40.18 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 3.01 and a beta of 0.51. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97. The company has a fifty day moving average of $79.32 and a 200-day moving average of $80.76.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.30% and a net margin of 17.69%.Public Service Enterprise Group’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts predict that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 59.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PEG. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. raised their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Barclays lifted their target price on Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Scotiabank reissued a “sector perform” rating and issued a $92.00 target price on shares of Public Service Enterprise Group in a report on Thursday, February 26th. Finally, LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $87.50 to $84.50 in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Public Service Enterprise Group currently has an average rating of “Moderate Buy” and a consensus price target of $93.19.

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.