Public Service Enterprise Group Incorporated (PEG) to Distribute Quarterly Dividend of $0.67 on September 30th

Public Service Enterprise Group Incorporated (NYSE:PEG) announced a quarterly dividend on Monday, July 20th. Investors of record on Wednesday, September 9th will be paid a dividend of 0.67 per share by the utilities provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 9th.

Public Service Enterprise Group has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Public Service Enterprise Group has a payout ratio of 61.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Public Service Enterprise Group to earn $4.69 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 57.1%.

Public Service Enterprise Group Price Performance

NYSE:PEG opened at $77.25 on Wednesday. Public Service Enterprise Group has a 52-week low of $76.05 and a 52-week high of $91.25. The stock has a fifty day moving average of $79.58 and a 200 day moving average of $80.86. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97. The firm has a market capitalization of $38.50 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 2.93 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, beating 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 analysts’ expectations of $3.35 billion. During the same quarter last year, the firm posted $1.43 EPS. The company’s revenue 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. On average, research analysts expect that Public Service Enterprise Group will post 4.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Kim C. Hanemann sold 3,035 shares of Public Service Enterprise Group stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total value of $248,870.00. Following the transaction, the chief operating officer directly owned 98,815 shares of the company’s stock, valued at $8,102,830. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $80.51, for a total transaction of $167,702.33. Following the sale, the chief executive officer owned 285,149 shares of the company’s stock, valued at $22,957,345.99. This represents a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 9,284 shares of company stock valued at $746,145. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Public Service Enterprise Group

Large investors have recently added to or reduced their stakes in the company. Community Financial Services Group LLC purchased a new stake in shares of Public Service Enterprise Group during the second quarter worth about $25,000. Chapman Financial Group LLC purchased a new position in Public Service Enterprise Group during the 2nd quarter valued at about $25,000. Quest 10 Wealth Builders Inc. raised its position in Public Service Enterprise Group by 250.5% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 248 shares during the last quarter. Elevation Wealth Partners LLC raised its position in Public Service Enterprise Group by 240.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 243 shares during the last quarter. Finally, Bayban purchased a new stake in Public Service Enterprise Group in the 4th quarter worth approximately $33,000. Institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Company 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.