Key Points
- SVP Richard Thigpen sold 4,700 shares on March 3 at an average price of $83.00 for a $390,100 transaction, leaving him with 28,481 shares—a 14.16% reduction in his position per the SEC filing.
- Public Service Enterprise Group raised its quarterly dividend to $0.67 (from $0.63), implying an annualized $2.68 and a ~3.2% yield; the ex-dividend date is March 10 and the payment date is March 31.
- Q4 results modestly beat expectations with EPS of $0.72 vs. $0.71 and revenue up 18.3% to $2.92 billion, and the company set FY2026 guidance of $4.280–$4.400 EPS while analysts project about $3.67 for the current year.
Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) SVP Richard Thigpen sold 4,700 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total transaction of $390,100.00. Following the sale, the senior vice president directly owned 28,481 shares of the company's stock, valued at approximately $2,363,923. This represents a 14.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Public Service Enterprise Group Price Performance
PEG traded down $0.06 during trading on Thursday, reaching $83.85. The company's stock had a trading volume of 310,443 shares, compared to its average volume of 2,989,309. The company has a market cap of $41.82 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.74 and a beta of 0.60. The firm has a fifty day simple moving average of $81.70 and a two-hundred day simple moving average of $81.81. Public Service Enterprise Group Incorporated has a 1 year low of $74.67 and a 1 year high of $91.25. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28.
Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The business's revenue was up 18.3% 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, analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.
Public Service Enterprise Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $0.67 dividend. This is a boost from Public Service Enterprise Group's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. Public Service Enterprise Group's dividend payout ratio is 59.72%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Public Service Enterprise Group by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider's stock valued at $5,420,155,000 after acquiring an additional 2,189,951 shares during the period. State Street Corp boosted its position in shares of Public Service Enterprise Group by 2.8% during the 4th quarter. State Street Corp now owns 28,361,198 shares of the utilities provider's stock worth $2,277,404,000 after purchasing an additional 762,591 shares during the period. Bank of America Corp DE increased its holdings in Public Service Enterprise Group by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 17,773,378 shares of the utilities provider's stock valued at $1,483,366,000 after purchasing an additional 236,794 shares during the last quarter. Geode Capital Management LLC raised its position in Public Service Enterprise Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider's stock valued at $1,021,475,000 after purchasing an additional 114,351 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Public Service Enterprise Group by 8.1% in the third quarter. Ameriprise Financial Inc. now owns 8,657,207 shares of the utilities provider's stock valued at $722,546,000 after purchasing an additional 648,140 shares during the period. Hedge funds and other institutional investors own 73.34% of the company's stock.
Analyst Upgrades and Downgrades
PEG has been the subject of a number of analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Public Service Enterprise Group in a report on Monday, December 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $85.00 target price (down from $88.00) on shares of Public Service Enterprise Group in a research note on Thursday, January 22nd. Wells Fargo & Company boosted their target price on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the company an "overweight" rating in a report on Friday, February 27th. UBS Group cut their price target on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a "buy" rating for the company in a report on Wednesday, December 17th. Finally, Jefferies Financial Group raised shares of Public Service Enterprise Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $89.00 to $90.00 in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Public Service Enterprise Group currently has a consensus rating of "Moderate Buy" and an average price target of $92.12.
Get Our Latest Analysis on Public Service Enterprise Group
About Public Service Enterprise Group
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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.
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