Pacer Advisors Inc. Has $2.98 Million Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Pacer Advisors Inc. lowered its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 26.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,876 shares of the utilities provider’s stock after selling 13,156 shares during the period. Pacer Advisors Inc.’s holdings in Public Service Enterprise Group were worth $2,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chapman Financial Group LLC acquired a new position in Public Service Enterprise Group in the 2nd quarter worth about $25,000. Quest 10 Wealth Builders Inc. boosted its stake in shares of 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 valued at $28,000 after purchasing an additional 248 shares in the last quarter. Bayban acquired a new stake in shares of Public Service Enterprise Group during the fourth quarter valued at about $33,000. Motiv8 Investments LLC bought a new stake in shares of Public Service Enterprise Group during the fourth quarter worth about $40,000. Finally, TFC Financial Management Inc. grew its holdings in shares of Public Service Enterprise Group by 3,000.0% during the fourth quarter. TFC Financial Management Inc. now owns 589 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 570 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Performance

NYSE PEG opened at $75.01 on Friday. The company has a fifty day simple moving average of $79.43 and a 200 day simple moving average 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 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 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 released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 16.04% and a return on equity of 12.42%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Sell-side analysts predict that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be given a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.68 annualized dividend and a yield of 3.6%. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 66.67%.

Public Service Enterprise Group News Summary

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.

Insider Activity

In related news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was 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 represents a 0.73% 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. Also, 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 value 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 $8,102,830. The trade was a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 9,284 shares of company stock worth $736,271. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Public Service Enterprise Group from $88.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Citigroup decreased their price target 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. Weiss Ratings lowered shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Royal Bank Of Canada assumed coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Public Service Enterprise Group has an average rating of “Hold” and an average target price of $90.63.

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.