Key Points
- CEO Ralph Larossa sold 2,083 shares of Public Service Enterprise Group stock for about $160,412 at an average price of $77.01, reducing his direct stake by 0.72%. The sale was made under a pre-arranged Rule 10b5-1 plan.
- PEG recently reported strong quarterly results, with EPS of $1.55 beating estimates and revenue of $3.85 billion also topping expectations. The company raised its FY 2026 guidance to $4.28-$4.40 EPS.
- The utility declared a quarterly dividend of $0.67 per share, payable June 30, implying an annualized yield of about 3.4%. Analyst sentiment remains generally positive, with a Moderate Buy consensus and average target price of $93.19.
Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) CEO Ralph Larossa sold 2,083 shares of the firm's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $77.01, for a total value of $160,411.83. Following the completion of the sale, the chief executive officer directly owned 287,232 shares of the company's stock, valued at $22,119,736.32. The trade was a 0.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Public Service Enterprise Group Stock Performance
Shares of PEG stock opened at $78.24 on Wednesday. The stock has a fifty day moving average of $79.93 and a 200 day moving average of $81.08. Public Service Enterprise Group Incorporated has a 52 week low of $76.05 and a 52 week high of $91.25. The firm has a market capitalization of $38.99 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.89 and a beta of 0.51. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31.
Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.11. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The firm's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, research analysts expect that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.
Public Service Enterprise Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. Public Service Enterprise Group's dividend payout ratio is 59.29%.
Hedge Funds Weigh In On Public Service Enterprise Group
Institutional investors and hedge funds have recently modified their holdings of the stock. Chapman Financial Group LLC bought a new position in shares of Public Service Enterprise Group during the second quarter valued at $25,000. Quest 10 Wealth Builders Inc. increased its holdings in shares of Public Service Enterprise Group by 250.5% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 248 shares in the last quarter. Bayban bought a new position in shares of Public Service Enterprise Group during the fourth quarter valued at $33,000. Motiv8 Investments LLC bought a new position in shares of Public Service Enterprise Group during the fourth quarter valued at $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Public Service Enterprise Group during the fourth quarter valued at $44,000. 73.34% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on PEG. BMO Capital Markets increased their price objective on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a "market perform" rating in a report on Monday, April 13th. Wells Fargo & Company increased their price objective on Public Service Enterprise Group from $96.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Public Service Enterprise Group from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Jefferies Financial Group downgraded Public Service Enterprise Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $90.00 to $89.00 in a report on Wednesday, April 15th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Public Service Enterprise Group in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Public Service Enterprise Group currently has an average rating of "Moderate Buy" and an average target price of $93.19.
Check Out Our Latest Report 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.
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