Key Points
- CEO Ralph Larossa sold 2,083 shares under a pre-arranged Rule 10b5-1 plan on April 1 for about $169,223, reducing his stake by 0.71% to 291,398 shares worth roughly $23.67 million.
- Dividend increased: the company raised its quarterly payout to $0.67 (annualized $2.68) for a ~3.3% yield, up from $0.63, with the dividend paid March 31 and an ex-dividend date of March 10.
- Quarterly beat and guidance: Public Service Enterprise Group reported $0.72 EPS (vs. $0.71 est.) and $2.92B revenue (vs. $2.68B est.), with revenue up 18.3% year-over-year and FY2026 EPS guidance of $4.28–$4.40.
Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) CEO Ralph Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $81.24, for a total value of $169,222.92. Following the sale, the chief executive officer directly owned 291,398 shares of the company's stock, valued at approximately $23,673,173.52. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Public Service Enterprise Group Stock Performance
PEG opened at $81.79 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60. The business has a fifty day simple moving average of $82.86 and a 200 day simple moving average of $81.78. 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 market capitalization of $40.79 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.58.
Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.68 billion. During the same quarter last year, the business earned $0.84 EPS. The company'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. Research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.
Public Service Enterprise Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. This is an increase from Public Service Enterprise Group's previous quarterly dividend of $0.63. Public Service Enterprise Group's payout ratio is presently 63.51%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new position in Public Service Enterprise Group during the second quarter valued at approximately $25,000. Chapman Financial Group LLC acquired a new stake in shares of Public Service Enterprise Group in the 2nd quarter valued at $25,000. Cedar Mountain Advisors LLC bought a new position in shares of Public Service Enterprise Group in the 3rd quarter valued at $27,000. Quest 10 Wealth Builders Inc. increased its stake in shares of Public Service Enterprise Group by 250.5% in the 4th 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 during the last quarter. Finally, Bayban acquired a new position in shares of Public Service Enterprise Group during the 4th quarter worth $33,000. 73.34% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently weighed in on PEG. Argus upgraded shares of Public Service Enterprise Group to a "strong-buy" rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, March 12th. Wells Fargo & Company upped their target price on Public Service Enterprise Group from $92.00 to $94.00 and gave the company an "overweight" rating in a research report on Friday, February 27th. Wall Street Zen lowered Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. Finally, UBS Group decreased their price target on Public Service Enterprise Group from $105.00 to $98.00 and set a "buy" rating on the stock in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $92.88.
Read Our Latest Analysis on PEG
Public Service Enterprise Group Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
