iSAM Funds UK Ltd Decreases Stock Position in Public Service Enterprise Group Incorporated $PEG

iSAM Funds UK Ltd lessened its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 29.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,700 shares of the utilities provider’s stock after selling 7,294 shares during the quarter. Public Service Enterprise Group accounts for approximately 1.0% of iSAM Funds UK Ltd’s holdings, making the stock its 20th largest holding. iSAM Funds UK Ltd’s holdings in Public Service Enterprise Group were worth $1,437,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Community Financial Services Group LLC acquired a new stake in Public Service Enterprise Group in the 2nd quarter worth approximately $25,000. Chapman Financial Group LLC purchased a new position in shares of Public Service Enterprise Group in the second quarter worth $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Public Service Enterprise Group during the second quarter worth $26,000. Elevation Wealth Partners LLC grew its holdings in shares of Public Service Enterprise Group by 240.6% during the second quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock valued at $28,000 after buying an additional 243 shares during the last quarter. Finally, Aberdeen Wealth Management LLC purchased a new stake in shares of Public Service Enterprise Group during the second quarter valued at $32,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $73.38 on Thursday. Public Service Enterprise Group Incorporated has a 52-week low of $72.53 and a 52-week high of $87.63. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31. The stock has a market cap of $36.57 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.77 and a beta of 0.50. The business has a 50-day simple moving average of $77.59 and a 200-day simple moving average of $79.89.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%.Public Service Enterprise Group’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts expect that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.7%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 66.67%.

Insider Transactions at Public Service Enterprise Group

In related news, COO Kim C. Hanemann sold 3,035 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total transaction of $248,870.00. Following the sale, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at approximately $8,102,830. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the sale, the senior vice president owned 20,970 shares in the company, valued at approximately $1,563,523.20. This represents a 27.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,201 shares of company stock valued at $1,172,339 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PEG shares. Wall Street Zen cut Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Jefferies Financial Group cut their price objective on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a research note on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 price objective for the company. Truist Financial decreased their target price on Public Service Enterprise Group from $90.00 to $84.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings lowered Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $89.43.

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.