Public Service Enterprise Group Incorporated $PEG Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 314.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 504,441 shares of the utilities provider’s stock after acquiring an additional 382,822 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Public Service Enterprise Group were worth $33,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Community Financial Services Group LLC purchased a new stake in Public Service Enterprise Group in the second quarter worth $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in Public Service Enterprise Group during the 2nd quarter valued at $26,000. Elevation Wealth Partners LLC increased 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 period. Aberdeen Wealth Management LLC purchased a new position in Public Service Enterprise Group during the 2nd quarter valued at $32,000. Finally, James T. Borello RIA bought a new position in Public Service Enterprise Group in the 3rd quarter worth $27,000. Institutional investors own 73.34% of the company’s stock.

Insider Buying and Selling at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the senior vice president directly owned 20,970 shares of the company’s stock, valued at $1,563,523.20. This represents a 27.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $67.48, for a total transaction of $140,560.84. Following the completion of the transaction, the chief executive officer owned 279,490 shares of the company’s stock, valued at approximately $18,859,985.20. The trade was a 0.74% 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. Insiders have sold 12,166 shares of company stock valued at $896,328 in the last three months. Insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Trading Up 2.4%

NYSE PEG opened at $72.72 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31. Public Service Enterprise Group Incorporated has a twelve month low of $66.15 and a twelve month high of $87.63. The firm has a market capitalization of $36.25 billion, a PE ratio of 16.67, a P/E/G ratio of 2.67 and a beta of 0.50. The stock’s 50 day moving average is $71.48 and its 200 day moving average is $76.58.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share 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 analysts’ expectations of $2.66 billion. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior 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. Research analysts forecast that Public Service Enterprise Group Incorporated will post 4.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PEG has been the subject of several research analyst reports. HSBC assumed coverage on shares of Public Service Enterprise Group in a research report on Thursday. They issued a “hold” rating and a $72.50 target price for the company. Royal Bank Of Canada started coverage on shares of Public Service Enterprise Group in a research report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Public Service Enterprise Group from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday. 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 note on Wednesday, August 5th. Finally, Morgan Stanley lowered their price objective on shares of Public Service Enterprise Group from $88.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Public Service Enterprise Group presently has an average rating of “Hold” and an average price target of $86.07.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.