Public Service Enterprise Group Incorporated $PEG is ATLAS Infrastructure Partners UK Ltd.’s 4th Largest Position

ATLAS Infrastructure Partners UK Ltd. grew its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,914,632 shares of the utilities provider’s stock after purchasing an additional 346,908 shares during the quarter. Public Service Enterprise Group makes up about 11.7% of ATLAS Infrastructure Partners UK Ltd.’s portfolio, making the stock its 4th biggest holding. ATLAS Infrastructure Partners UK Ltd.’s holdings in Public Service Enterprise Group were worth $234,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PEG. Empowered Funds LLC boosted its position in shares of Public Service Enterprise Group by 10.3% during the 1st quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock valued at $831,000 after acquiring an additional 940 shares during the last quarter. Woodline Partners LP increased its stake in shares of Public Service Enterprise Group by 40.7% during the first quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after buying an additional 12,172 shares during the period. Cresset Asset Management LLC increased its stake in shares of Public Service Enterprise Group by 27.6% during the second quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider’s stock worth $405,000 after buying an additional 1,040 shares during the period. Jump Financial LLC boosted its holdings in Public Service Enterprise Group by 70.4% in the second quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider’s stock valued at $1,070,000 after purchasing an additional 5,250 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Public Service Enterprise Group by 3.0% in the second quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider’s stock valued at $4,785,000 after purchasing an additional 1,649 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Analysts Set New Price Targets

PEG has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a report on Monday, April 13th. Barclays raised their price target 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. LADENBURG THALM/SH SH cut Public Service Enterprise Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $87.50 to $84.50 in a research report on Friday, March 13th. JPMorgan Chase & Co. lifted their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Jefferies Financial Group cut Public Service Enterprise Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $90.00 to $89.00 in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.19.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock opened at $79.32 on Thursday. The stock’s 50 day moving average price is $79.48 and its 200 day moving average price is $80.80. The firm has a market capitalization of $39.53 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 3.04 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. Public Service Enterprise Group Incorporated has a one year low of $76.05 and a one year high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.44 by $0.11. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the company posted $1.43 EPS. Public Service Enterprise Group’s revenue for the quarter was up 19.4% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, sell-side analysts expect that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.67 dividend. 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%.

Insider Activity

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $77.01, for a total value of $160,411.83. Following the transaction, the chief executive officer directly owned 287,232 shares of the company’s stock, valued at $22,119,736.32. This represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,249 shares of company stock valued at $498,795. Corporate insiders own 0.19% of the company’s stock.

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.