Fideuram Asset Management Ireland dac Makes New $578,000 Investment in Public Service Enterprise Group Incorporated $PEG

Fideuram Asset Management Ireland dac bought a new position in Public Service Enterprise Group Incorporated (NYSE:PEG) during the 4th quarter, Holdings Channel reports. The institutional investor bought 6,990 shares of the utilities provider’s stock, valued at approximately $578,000.

Several other hedge funds have also added to or reduced their stakes in PEG. Chapman Financial Group LLC bought a new stake in Public Service Enterprise Group in the second quarter worth $25,000. Quest 10 Wealth Builders Inc. boosted its holdings in Public Service Enterprise Group by 250.5% in the fourth 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Public Service Enterprise Group in the fourth quarter worth $44,000. TFC Financial Management Inc. boosted its holdings in Public Service Enterprise Group by 3,000.0% in the fourth quarter. TFC Financial Management Inc. now owns 589 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 570 shares in the last quarter. Finally, Colonial Trust Co SC boosted its holdings in Public Service Enterprise Group by 26.8% in the third quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 121 shares in the last quarter. 73.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $81.21, for a total transaction of $169,160.43. Following the transaction, 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 through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the transaction, the senior vice president directly owned 28,481 shares in the company, valued at approximately $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 ninety days, insiders have sold 10,949 shares of company stock worth $902,747. Corporate insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Trading Down 0.8%

Shares of NYSE:PEG opened at $78.55 on Friday. The company has a market cap of $39.14 billion, a P/E ratio of 17.38, a PEG ratio of 2.96 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 Incorporated has a 1 year low of $76.05 and a 1 year high of $91.25. The stock’s fifty day moving average price is $80.05 and its 200-day moving average price is $81.14.

Public Service Enterprise Group (NYSE:PEG) last announced 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 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%.The company’s quarterly revenue was up 19.4% on a year-over-year basis. 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. Sell-side analysts expect that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

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

Analyst Upgrades and Downgrades

PEG has been the topic of several analyst reports. 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. Jefferies Financial Group downgraded Public Service Enterprise Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $90.00 to $89.00 in a report on Wednesday, April 15th. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company boosted their target price on Public Service Enterprise Group from $96.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Truist Financial lowered their price target on Public Service Enterprise Group from $91.00 to $88.00 and set a “hold” rating on the stock in a report on Monday, May 18th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.19.

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.