Empowered Funds LLC Grows Stock Position in Public Service Enterprise Group Incorporated $PEG

Empowered Funds LLC grew its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 38.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 25,940 shares of the utilities provider’s stock after buying an additional 7,228 shares during the period. Empowered Funds LLC’s holdings in Public Service Enterprise Group were worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Chapman Financial Group LLC purchased a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at approximately $25,000. Quest 10 Wealth Builders Inc. raised its position in Public Service Enterprise Group by 250.5% during 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 during the period. Bayban acquired a new position in Public Service Enterprise Group during the fourth quarter worth $33,000. Motiv8 Investments LLC purchased a new position in Public Service Enterprise Group during the fourth quarter valued at $40,000. Finally, TFC Financial Management Inc. grew its position in shares of 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 valued at $47,000 after purchasing an additional 570 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Insiders Place Their Bets

In related news, COO Kim C. Hanemann sold 3,035 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total transaction of $248,870.00. Following the completion of the sale, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at approximately $8,102,830. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $76.47, for a total transaction of $159,287.01. Following the completion of the sale, the chief executive officer owned 283,656 shares in the company, valued at approximately $21,691,174.32. This trade represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,284 shares of company stock worth $736,271 in the last 90 days. Company insiders own 0.19% of the company’s stock.

More Public Service Enterprise Group News

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: EPS exceeded expectations: PSEG reported second-quarter 2026 earnings of $0.86 per share, above the $0.80 analyst consensus and up from $0.77 a year earlier. The result indicates solid earnings execution and may provide some support for PEG stock. PSEG Q2 2026 Earnings Call Summary
• Positive Sentiment: 2026 outlook was maintained: Management reaffirmed operating EPS guidance of $4.28 to $4.40, broadly consistent with analyst expectations. The company also discussed growth initiatives and plans to file a base-rate case by year-end 2026, which could support longer-term regulated-utility earnings and cash flow. Analyst Insights on PSEG
• Positive Sentiment: Dividend remains attractive: PSEG declared a quarterly dividend of $0.67, or $2.68 annualized, representing an approximately 3.5% yield and a payout ratio near 59%. This income profile may appeal to defensive and utility-focused investors. PSEG Dividend Announcement
• Neutral Sentiment: CEO stock sale was limited: CEO Ralph Larossa sold 2,083 shares for roughly $159,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.73%, making it unlikely to materially affect sentiment. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed estimates and declined: Quarterly revenue of $2.55 billion was below the $2.66 billion consensus and fell 8.9% year over year. The top-line weakness offsets some of the benefit from the EPS beat. PSEG Valuation Analysis
• Negative Sentiment: Analysts lowered targets: Citigroup cut its target from $91 to $84 and assigned a neutral rating, while Wells Fargo reduced its target from $91 to $89 but retained an overweight rating. Analysts view the dividend favorably, but PEG’s earnings valuation appears relatively rich, limiting near-term upside.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEG. Royal Bank Of Canada initiated coverage on shares of Public Service Enterprise Group in a research report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price target for the company. Weiss Ratings lowered Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday. Wells Fargo & Company decreased their price objective on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday. Jefferies Financial Group dropped their target price on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating for the company in a report on Monday, July 20th. Finally, Citigroup reduced their target price on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday. One 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $90.63.

Public Service Enterprise Group Price Performance

Public Service Enterprise Group stock opened at $75.01 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average price of $79.43 and a 200 day moving average price of $80.75. Public Service Enterprise Group Incorporated has a 12-month low of $74.20 and a 12-month high of $88.65. The stock has a market cap of $37.38 billion, a P/E ratio of 18.66, a PEG ratio of 2.84 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.

Public Service Enterprise Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be given a $0.67 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.6%. Public Service Enterprise Group’s payout ratio is currently 66.67%.

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.