National Pension Service Has $59.42 Million Holdings in Public Service Enterprise Group Incorporated $PEG

National Pension Service raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 732,199 shares of the utilities provider’s stock after buying an additional 19,898 shares during the period. National Pension Service owned about 0.15% of Public Service Enterprise Group worth $59,425,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in Public Service Enterprise Group by 15,435.7% in the 2nd quarter. California State Teachers Retirement System now owns 89,498,622 shares of the utilities provider’s stock valued at $7,263,708,000 after acquiring an additional 88,922,538 shares during the period. BlackRock Inc. bought a new position in shares of Public Service Enterprise Group in the second quarter valued at about $4,366,570,000. State Street Corp lifted its stake in shares of Public Service Enterprise Group by 2.8% during the 4th quarter. State Street Corp now owns 28,361,198 shares of the utilities provider’s stock worth $2,277,404,000 after buying an additional 762,591 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Public Service Enterprise Group by 24.7% during the 2nd quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock worth $1,476,230,000 after buying an additional 3,469,886 shares during the period. Finally, Geode Capital Management LLC grew its stake in Public Service Enterprise Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider’s stock valued at $1,021,475,000 after buying an additional 114,351 shares during the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective on 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. Truist Financial lowered their target price on Public Service Enterprise Group from $90.00 to $84.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Royal Bank Of Canada initiated coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price target for the company. Morgan Stanley decreased their price objective on Public Service Enterprise Group from $93.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. Finally, Wells Fargo & Company dropped their target price on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. One investment 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 stock. Based on data from MarketBeat.com, Public Service Enterprise Group has a consensus rating of “Hold” and an average target price of $89.43.

Insider Buying and Selling

In related news, CEO Ralph LaRossa sold 2,083 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $76.47, for a total value of $159,287.01. Following the sale, the chief executive officer directly owned 283,656 shares of the company’s stock, valued at $21,691,174.32. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard Thigpen sold 8,000 shares of Public Service Enterprise Group stock in a transaction that occurred 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 directly owned 20,970 shares in the company, valued at $1,563,523.20. This trade represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,201 shares of company stock worth $1,172,339 in the last ninety days. 0.19% of the stock is owned by insiders.

Public Service Enterprise Group Price Performance

Shares of NYSE PEG opened at $72.41 on Friday. The business has a fifty day moving average price of $76.38 and a two-hundred day moving average price of $79.32. The stock has a market capitalization of $36.09 billion, a PE ratio of 18.01, a P/E/G ratio of 2.73 and a beta of 0.50. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.67. Public Service Enterprise Group Incorporated has a fifty-two week low of $72.08 and a fifty-two week high of $87.63.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The company 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 quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities analysts predict that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current fiscal 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 paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 annualized dividend and a yield of 3.7%. Public Service Enterprise Group’s dividend payout ratio is presently 66.67%.

Public Service Enterprise Group Profile

Public Service Enterprise Group Incorporated (NYSE: PEG) is an energy company headquartered in Newark, New Jersey. Through its principal subsidiary, Public Service Electric and Gas Company (PSE&G), it provides regulated electric and natural gas transmission, distribution and delivery services to residential, commercial and industrial customers, primarily in New Jersey.

PSEG also owns PSEG Power, which operates and manages a diverse portfolio of electric-generating facilities, including nuclear, natural gas and renewable energy assets.