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 on Monday, November 2nd. The shares were sold at an average price of $73.60, for a total value of $153,308.80. Following the completion of the sale, the chief executive officer owned 276,487 shares in the company, valued at $20,349,443.20. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Public Service Enterprise Group Stock Performance
Shares of Public Service Enterprise Group stock opened at $72.65 on Wednesday. Public Service Enterprise Group Incorporated has a 52 week low of $66.15 and a 52 week high of $87.63. The business's fifty day simple moving average is $71.22 and its 200-day simple moving average is $77.99. The firm has a market cap of $36.21 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 2.55 and a beta of 0.48. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31.
Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The utilities provider reported $1.15 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by ($0.04). The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.19 billion. Public Service Enterprise Group had a return on equity of 12.43% and a net margin of 14.31%. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 earnings per share. Equities analysts forecast that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on PEG. Scotiabank lowered their target price on shares of Public Service Enterprise Group from $92.00 to $77.00 and set a "sector perform" rating for the company in a research note on Wednesday, September 30th. Morgan Stanley reduced their price target on shares of Public Service Enterprise Group from $88.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 21st. The Goldman Sachs Group decreased their price objective on shares of Public Service Enterprise Group from $86.00 to $83.00 in a report on Thursday, October 15th. Argus decreased their price target on Public Service Enterprise Group from $90.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, September 29th. Finally, LADENBURG THALM/SH SH lowered their target price on Public Service Enterprise Group from $80.50 to $75.50 and set a "neutral" rating for the company in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $79.63.
View Our Latest Analysis on Public Service Enterprise Group
Key Headlines Impacting Public Service Enterprise Group
Here are the key news stories impacting Public Service Enterprise Group this week:
- Positive Sentiment: PSEG maintained its 2026 non-GAAP operating earnings guidance of $4.28–$4.40 per share, broadly in line with the $4.38 consensus estimate. Management also outlined a five-year regulated capital investment plan of $22.5 billion–$25.5 billion, supporting potential longer-term growth. Article: Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: Wells Fargo lowered its price target to $87 from $89 but kept an Overweight rating, indicating it still sees substantial potential upside. Article: Wells Fargo analyst update
- Neutral Sentiment: CEO Ralph LaRossa sold 2,083 shares under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 0.75%, making it a relatively small transaction that was scheduled in advance. SEC filing
- Neutral Sentiment: Ladenburg Thalmann cut its price target to $75.50 from $80.50 and assigned a Neutral rating, reflecting a more cautious view. Article: Ladenburg Thalmann analyst update
- Negative Sentiment: Third-quarter non-GAAP operating earnings were $1.15 per share, below analyst estimates of roughly $1.19–$1.21. Revenue of $3.02 billion also missed the $3.19 billion estimate and declined 6.4% year over year, weighing on the results despite earnings being slightly above the prior-year quarter’s $1.13 per share. Article: PSEG misses Q3 earnings and revenue estimates
Institutional Investors Weigh In On Public Service Enterprise Group
Several large investors have recently added to or reduced their stakes in PEG. Community Financial Services Group LLC acquired a new position in shares of Public Service Enterprise Group in the second quarter worth $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Public Service Enterprise Group during the second quarter worth $26,000. Elevation Wealth Partners LLC increased its position in shares of 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 acquiring an additional 243 shares during the period. Aberdeen Wealth Management LLC purchased a new stake in shares of Public Service Enterprise Group during the second quarter worth $32,000. Finally, James T. Borello RIA acquired a new stake in shares of Public Service Enterprise Group in the third quarter valued at $27,000. 73.34% of the stock is owned by hedge funds and other institutional investors.
About Public Service Enterprise Group
(
Get Free Report)
Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.
Public Service Electric & Gas Company (PSE&G), PSEG's principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.
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