Key Points
- Insider sale: SVP Richard Thigpen sold 8,000 PEG shares for approximately $596,480, reducing his ownership by 27.61% to 20,970 shares.
- Financial results: Public Service Enterprise Group reported quarterly EPS of $0.86, beating estimates of $0.80, but revenue fell 8.9% year over year to $2.55 billion. The company maintained fiscal 2026 EPS guidance of $4.28–$4.40.
- Dividend and analyst outlook: PEG declared a quarterly dividend of $0.67, equivalent to a 3.5% annual yield. Analysts’ consensus rating is “Hold,” with an average price target of $90.63.
Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) SVP Richard Thigpen sold 8,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the senior vice president owned 20,970 shares of the company's stock, valued at $1,563,523.20. This trade represents a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Public Service Enterprise Group Stock Performance
Shares of PEG opened at $75.68 on Thursday. Public Service Enterprise Group Incorporated has a 12-month low of $74.20 and a 12-month high of $88.65. The stock has a market cap of $37.72 billion, a P/E ratio of 18.83, a PEG ratio of 2.83 and a beta of 0.51. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $79.22 and a two-hundred day moving average of $80.63.
Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the business earned $0.77 earnings per share. The company's quarterly revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, research analysts predict that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current fiscal year.
Public Service Enterprise Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. Public Service Enterprise Group's dividend payout ratio is presently 66.67%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on PEG shares. Citigroup reduced their price objective on Public Service Enterprise Group from $91.00 to $84.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Wells Fargo & Company dropped their price objective on Public Service Enterprise Group from $91.00 to $89.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Weiss Ratings downgraded shares of Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Truist Financial boosted their target price on shares of Public Service Enterprise Group from $88.00 to $90.00 and gave the company a "hold" rating in a research note on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $90.63.
Check Out Our Latest Analysis on Public Service Enterprise Group
Institutional Trading of Public Service Enterprise Group
A number of hedge funds have recently added to or reduced their stakes in PEG. Community Financial Services Group LLC acquired a new stake in shares of Public Service Enterprise Group in the second quarter worth approximately $25,000. Chapman Financial Group LLC purchased a new stake in Public Service Enterprise Group in the second quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in Public Service Enterprise Group during the second quarter worth approximately $26,000. Quest 10 Wealth Builders Inc. raised its stake in 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 worth $28,000 after purchasing an additional 248 shares during the period. Finally, Elevation Wealth Partners LLC raised its stake in Public Service Enterprise Group by 240.6% during the second quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider's stock worth $28,000 after purchasing an additional 243 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.
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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