MGO One Seven LLC Sells 9,896 Shares of Public Service Enterprise Group Incorporated $PEG

MGO One Seven LLC cut its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,737 shares of the utilities provider’s stock after selling 9,896 shares during the period. MGO One Seven LLC’s holdings in Public Service Enterprise Group were worth $1,505,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC grew its holdings in Public Service Enterprise Group by 13.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 5,838 shares of the utilities provider’s stock worth $469,000 after acquiring an additional 701 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Public Service Enterprise Group by 12.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,657 shares of the utilities provider’s stock worth $2,221,000 after acquiring an additional 3,117 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in Public Service Enterprise Group by 35.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 3,449 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 907 shares in the last quarter. Swedbank AB grew its holdings in Public Service Enterprise Group by 7.5% during the 4th quarter. Swedbank AB now owns 482,702 shares of the utilities provider’s stock worth $38,761,000 after acquiring an additional 33,806 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Public Service Enterprise Group by 6.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,043,468 shares of the utilities provider’s stock worth $84,510,000 after acquiring an additional 62,336 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Richard T. Thigpen sold 4,700 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the transaction, the senior vice president directly owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. The trade was a 14.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $81.21, for a total value of $169,160.43. Following the transaction, the chief executive officer directly owned 289,315 shares of the company’s stock, valued at approximately $23,495,271.15. This represents a 0.71% 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. Over the last ninety days, insiders sold 10,949 shares of company stock valued at $902,747. 0.19% of the stock is currently owned by corporate insiders.

Public Service Enterprise Group Price Performance

Shares of NYSE PEG opened at $77.61 on Tuesday. The firm’s 50 day simple moving average is $81.60 and its 200-day simple moving average is $81.48. Public Service Enterprise Group Incorporated has a 12 month low of $76.00 and a 12 month high of $91.25. The stock has a market capitalization of $38.67 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 2.91 and a beta of 0.53. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.75.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. The firm had revenue of $3.85 billion for 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 12.30%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Analysts expect that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 59.29%.

Analyst Upgrades and Downgrades

Several analysts have commented on PEG shares. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets increased their price target on shares of Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research report on Monday, April 13th. Argus raised shares of Public Service Enterprise Group to a “strong-buy” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Finally, Scotiabank reissued a “sector perform” rating and set a $92.00 price target on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Public Service Enterprise Group presently has an average rating of “Moderate Buy” and a consensus price target of $93.42.

Public Service Enterprise Group Company 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.