Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) CEO Ralph Larossa sold 2,083 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $81.21, for a total value of $169,160.43. Following the completion of the transaction, the chief executive officer directly owned 289,315 shares in the company, valued at $23,495,271.15. The trade was a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Public Service Enterprise Group Trading Down 0.9%
NYSE:PEG opened at $79.75 on Wednesday. Public Service Enterprise Group Incorporated has a 1-year low of $76.00 and a 1-year high of $91.25. The business's 50-day moving average price is $82.25 and its two-hundred day moving average price is $81.66. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 3.03 and a beta of 0.53.
Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.11. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The company's quarterly revenue was up 19.4% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts expect that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current year.
Public Service Enterprise Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 annualized dividend and a yield of 3.4%. Public Service Enterprise Group's dividend payout ratio is presently 63.51%.
Public Service Enterprise Group News Roundup
Here are the key news stories impacting Public Service Enterprise Group this week:
- Positive Sentiment: Q1 earnings beat — PSEG reported $1.55 EPS vs. a $1.47 consensus and revenue of $3.85B (vs. ~$3.35B est.), with operating income rising to about $1.08B. Strong top- and bottom-line beats support the case for continued utility cash flow stability. Read More.
- Positive Sentiment: Weather-driven demand boost — Management said an extreme winter storm increased electric and gas usage, lifting volumes and profit in the regulated utility segments; this one-time demand lift helped the beat but may not repeat. Read More.
- Neutral Sentiment: FY‑2026 guidance set — Management provided EPS guidance of $4.280–$4.400 for FY‑2026 (street consensus ~4.37). The range overlaps consensus but its midpoint is modestly conservative, so guidance is largely neutral but keeps upside limited in the near term. Read More.
- Neutral Sentiment: Earnings call detail available — Transcripts and slides note volume growth in electric & gas and operating performance trends; listen for management commentary on rate cases, capital spending, and storm-related timing that could affect future quarters. Read More.
- Negative Sentiment: Insider sale — CEO Ralph Larossa sold 2,083 shares under a pre-arranged 10b5-1 plan (small percentage of his holdings). Routine but some investors view insider selling as a slight negative signal. Read More.
Wall Street Analyst Weigh In
PEG has been the subject of several recent analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Public Service Enterprise Group in a report on Friday, March 27th. Evercore upgraded Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 price target for the company in a report on Thursday, March 5th. Truist Financial initiated coverage on Public Service Enterprise Group in a report on Tuesday, April 21st. They issued a "hold" rating and a $91.00 price target for the company. Scotiabank restated a "sector perform" rating and issued a $92.00 price target on shares of Public Service Enterprise Group in a report on Thursday, February 26th. Finally, Argus upgraded Public Service Enterprise Group to a "strong-buy" rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $93.19.
View Our Latest Analysis on PEG
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. SteelPeak Wealth LLC bought a new position in shares of Public Service Enterprise Group during the first quarter worth about $267,000. Wealthfront Advisers LLC grew its holdings in shares of Public Service Enterprise Group by 79.8% during the first quarter. Wealthfront Advisers LLC now owns 55,278 shares of the utilities provider's stock worth $4,475,000 after buying an additional 24,540 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Public Service Enterprise Group by 3.8% during the first quarter. D.A. Davidson & CO. now owns 8,383 shares of the utilities provider's stock worth $679,000 after buying an additional 304 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Public Service Enterprise Group by 11.2% during the first quarter. Checchi Capital Advisers LLC now owns 7,400 shares of the utilities provider's stock worth $599,000 after buying an additional 744 shares in the last quarter. Finally, ABC Arbitrage SA bought a new position in shares of Public Service Enterprise Group during the first quarter worth about $358,000. 73.34% of the stock is currently owned by institutional investors.
About Public Service Enterprise Group
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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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