JPMorgan Discloses 7.3% Stake in Public Service Enterprise Group

TL;DR

**JPMorgan just revealed a 7.3% stake in PSEG, a bullish sign for the utility.**

AI Summary

JPMorgan Chase & Co. reported on January 12, 2024, that it beneficially owns 36,926,904 shares of Public Service Enterprise Group Incorporated (PSEG) common stock as of December 29, 2023. This represents 7.3% of PSEG's total outstanding shares. This filing indicates a significant institutional investment by JPMorgan, suggesting confidence in PSEG's long-term prospects, which could be a positive signal for current and potential PSEG shareholders.

Why It Matters

A major financial institution like JPMorgan Chase & Co. holding a significant stake in PSEG can signal stability and potential for future growth, influencing investor sentiment positively.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces perceived risk for a company.

Analyst Insight

A smart investor would view this as a positive signal, potentially indicating institutional confidence in PSEG's stability and future. It might warrant further research into PSEG's fundamentals and recent performance.

Key Numbers

• 36,926,904 — Shares Beneficially Owned (Represents the total number of PSEG common stock shares JPMorgan Chase & Co. holds.)
• 7.3% — Percentage of Class (Indicates the significant portion of PSEG's outstanding shares now owned by JPMorgan Chase & Co.)
• December 29, 2023 — Event Date (The specific date when JPMorgan's ownership crossed the threshold requiring this disclosure.)

Key Players & Entities

• JPMorgan Chase & Co. (company) — the entity filing the SC 13G, reporting beneficial ownership
• Public Service Enterprise Group Incorporated (company) — the subject company whose shares are being reported
• 36,926,904 shares (dollar_amount) — the total number of shares beneficially owned by JPMorgan
• 7.3% (dollar_amount) — the percentage of PSEG's class of securities beneficially owned by JPMorgan
• December 29, 2023 (person) — the date of the event which required the filing

Forward-Looking Statements

• Investor confidence in Public Service Enterprise Group Incorporated may increase due to JPMorgan's significant stake. (Public Service Enterprise Group Incorporated) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• Public_Service_Enterprise_.htm (SC 13G) — 86KB
• 0000019617-24-000058.txt ( ) — 88KB

From the Filing

SC 13G 1 Public_Service_Enterprise_.htm FILING PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Public Service Enterprise Group Incorporated (Name of Issuer) Common Stock without par value (Title of Class of Securities) 744573106 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 744573106 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 27,913,338 6 SHARED VOTING POWER 151,051 7 SOLE DISPOSITIVE POWER 29,617,158 8 SHARED DISPOSITIVE POWER 28,664 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 29,663,619 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.9 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer Public Service Enterprise Group Incorporated (b) Address of Issuer's Principal Executive Offices 80 Park Plaza, Newark, New Jersey 07102 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock without par value (e) CUSIP Number 744573106 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 29,663,619 (b) Percent of class: 5.9 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 27,913,338 (ii) Shared power to vote or to direct the vote: 151,051 (iii) Sole power to dispose or to direct the disposition of: 29,617,158 (iv) Shared power to dispose or to direct the disposition of: 28,664 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company J.P. Morgan Trust Company of Delaware J.P. Morgan Securities LLC JPMorga

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