Key Points
- CEO Ralph LaRossa sold 2,083 shares on March 5 at an average price of $83.66 for about $174,264, trimming his stake to 292,889 shares (a 0.71% decrease), according to an SEC filing.
- PSEG reported a slight earnings beat (Q EPS $0.72 vs. $0.71) with revenue up 18.3%, set FY2026 guidance of $4.28–4.40 EPS, and raised its quarterly dividend to $0.67 (a 3.2% yield).
- Analyst sentiment is mostly positive—MarketBeat shows a "Moderate Buy" consensus with an average price target near $92.73 and several recent upgrades, though some firms issued cautions or downgrades.
Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) CEO Ralph Larossa sold 2,083 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $83.66, for a total value of $174,263.78. Following the transaction, the chief executive officer directly owned 292,889 shares in the company, valued at approximately $24,503,093.74. This represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Public Service Enterprise Group Trading Down 0.6%
Shares of PEG stock traded down $0.51 during mid-day trading on Friday, hitting $83.41. 2,160,092 shares of the company's stock were exchanged, compared to its average volume of 2,514,662. The stock has a market cap of $41.60 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.73 and a beta of 0.60. 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 Incorporated has a fifty-two week low of $74.67 and a fifty-two week high of $91.25. The stock has a 50-day simple moving average of $81.82 and a two-hundred day simple moving average of $81.82.
Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate 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 firm 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 firm posted $0.84 earnings per share. The business's quarterly 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. Equities analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.
Public Service Enterprise Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, March 10th. This is an increase from Public Service Enterprise Group's previous quarterly dividend of $0.63. Public Service Enterprise Group's payout ratio is currently 59.72%.
Analyst Ratings Changes
PEG has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. UBS Group decreased their price target on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a "buy" rating on the stock in a report on Wednesday, December 17th. Argus raised shares of Public Service Enterprise Group to a "strong-buy" rating in a research note on Wednesday, January 14th. Wall Street Zen downgraded Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Evercore raised Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 target price on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $92.73.
Get Our Latest Stock Analysis on Public Service Enterprise Group
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the business. JARISLOWSKY FRASER Ltd raised its stake in shares of Public Service Enterprise Group by 107.1% in the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 1,025,305 shares of the utilities provider's stock valued at $85,572,000 after acquiring an additional 530,248 shares during the period. Railway Pension Investments Ltd boosted its position in Public Service Enterprise Group by 97.5% during the 3rd quarter. Railway Pension Investments Ltd now owns 1,897,800 shares of the utilities provider's stock worth $158,390,000 after purchasing an additional 937,100 shares during the period. Assetmark Inc. increased its holdings in Public Service Enterprise Group by 4.6% in the 3rd quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider's stock valued at $74,609,000 after purchasing an additional 38,949 shares in the last quarter. New York State Common Retirement Fund raised its position in Public Service Enterprise Group by 13.0% in the third quarter. New York State Common Retirement Fund now owns 314,668 shares of the utilities provider's stock valued at $26,262,000 after purchasing an additional 36,100 shares during the period. Finally, Voya Investment Management LLC raised its position in Public Service Enterprise Group by 18.2% in the third quarter. Voya Investment Management LLC now owns 1,645,407 shares of the utilities provider's stock valued at $137,155,000 after purchasing an additional 253,810 shares during the period. Hedge funds and other institutional investors own 73.34% of the company's stock.
More Public Service Enterprise Group News
Here are the key news stories impacting Public Service Enterprise Group this week:
- Positive Sentiment: Analysts raised earnings and targets — Scotiabank increased its FY2026 and FY2027 EPS forecasts for PEG (to $4.37 and $4.68 respectively) and set a $92 target, reflecting stronger expected earnings from regulated operations. This signals upward revisions to fundamentals that can support the stock.
- Positive Sentiment: Broker upgrades lift sentiment — Evercore upgraded PSEG from in-line to outperform and set a $96 price target, giving the stock a notable upside case that may attract buyers. Finviz
- Positive Sentiment: Price-target increases from other shops — Barclays raised its target to $89 while keeping an equal-weight rating, and other brokers have recently raised targets or reaffirmed buys, supporting a consensus near ~$92 that underpins valuation expectations. Tickerreport
- Positive Sentiment: Fundamentals and shareholder returns — PEG recently reported a modest earnings beat and gave FY2026 EPS guidance (~$4.28–4.40). The company also raised its quarterly dividend to $0.67, improving yield and income appeal for dividend-focused investors.
- Neutral Sentiment: Institutional flows remain large — Vanguard, State Street and others increased stakes in PEG during recent quarters, signaling continued institutional allocation but not an immediate directional catalyst.
- Negative Sentiment: High-profile caution from Jim Cramer — On-air, Jim Cramer advised listeners not to buy PEG, a headline that can sway retail sentiment and increase short-term selling pressure. Jim Cramer on PEG
- Negative Sentiment: Insider selling — SVP Richard Thigpen sold 4,700 shares (~$390k) in early March; while not massive, insider sales can be viewed negatively by investors focused on insider alignment. SEC filing: SEC Filing
About Public Service Enterprise Group
(
Get Free Report)
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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