Stonebrook Private Inc. Trims Position in Public Service Enterprise Group Incorporated $PEG

Stonebrook Private Inc. trimmed its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 75.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,994 shares of the utilities provider’s stock after selling 9,227 shares during the period. Stonebrook Private Inc.’s holdings in Public Service Enterprise Group were worth $240,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PEG. Chapman Financial Group LLC purchased a new stake in shares of Public Service Enterprise Group in the second quarter valued at about $25,000. Quest 10 Wealth Builders Inc. raised its holdings in shares of 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 valued at $28,000 after buying an additional 248 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Public Service Enterprise Group in the fourth quarter valued at about $44,000. TFC Financial Management Inc. raised its holdings 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 buying an additional 570 shares during the last quarter. Finally, Colonial Trust Co SC raised its holdings in shares of 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 valued at $48,000 after buying an additional 121 shares during the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Public Service Enterprise Group Trading Down 0.0%

Shares of Public Service Enterprise Group stock opened at $78.57 on Thursday. Public Service Enterprise Group Incorporated has a 52-week low of $76.05 and a 52-week high of $91.25. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. The company’s 50-day simple moving average is $79.64 and its 200-day simple moving average is $80.89. The firm has a market cap of $39.15 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 2.96 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.11. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities research 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 business 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 dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio is presently 59.29%.

Insiders Place Their Bets

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $77.01, for a total transaction of $160,411.83. Following the transaction, the chief executive officer directly owned 287,232 shares in the company, valued at approximately $22,119,736.32. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,249 shares of company stock worth $498,795 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PEG. Weiss Ratings cut shares of Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Barclays boosted their price target on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. LADENBURG THALM/SH SH lowered shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $87.50 to $84.50 in a research note on Friday, March 13th. Finally, Truist Financial dropped their price target on shares of Public Service Enterprise Group from $91.00 to $88.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.19.

About Public Service Enterprise Group

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.