Public Service Enterprise Group (NYSE:PEG) CEO Sells $169,222.92 in Stock

Public Service Enterprise Group Incorporated (NYSE:PEG) CEO Ralph Larossa sold 2,083 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total value of $169,222.92. Following the completion of the sale, the chief executive officer owned 291,398 shares of the company’s stock, valued at approximately $23,673,173.52. This trade represents 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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Public Service Enterprise Group Price Performance

Shares of PEG stock opened at $81.79 on Friday. Public Service Enterprise Group Incorporated has a fifty-two week low of $74.67 and a fifty-two week high of $91.25. The firm has a market capitalization of $40.79 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 2.66 and a beta of 0.58. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80. The stock’s 50-day simple moving average is $82.93 and its 200-day simple moving average is $81.78.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. Public Service Enterprise Group’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were issued a $0.67 dividend. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Public Service Enterprise Group’s dividend payout ratio is 63.51%.

Institutional Trading of Public Service Enterprise Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PEG. Empowered Funds LLC grew its position in Public Service Enterprise Group by 10.3% during the 1st quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock worth $831,000 after purchasing an additional 940 shares during the period. Woodline Partners LP boosted its stake in shares of Public Service Enterprise Group by 40.7% in the first quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after buying an additional 12,172 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Public Service Enterprise Group by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,129 shares of the utilities provider’s stock worth $2,873,000 after acquiring an additional 2,378 shares during the period. Loomis Sayles & Co. L P grew its holdings in Public Service Enterprise Group by 245.5% during the second quarter. Loomis Sayles & Co. L P now owns 760 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 540 shares during the period. Finally, Lido Advisors LLC raised its position in Public Service Enterprise Group by 141.1% during the second quarter. Lido Advisors LLC now owns 21,737 shares of the utilities provider’s stock valued at $1,830,000 after acquiring an additional 12,721 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Evercore raised shares of Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective on the stock in a report on Thursday, March 5th. Barclays lifted their price target on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. LADENBURG THALM/SH SH downgraded Public Service Enterprise Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $87.50 to $84.50 in a research note on Friday, March 13th. Scotiabank reissued a “sector perform” rating and issued a $92.00 price objective on shares of Public Service Enterprise Group in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. raised their price objective on Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Public Service Enterprise Group has an average rating of “Moderate Buy” and an average price target of $92.88.

About Public Service Enterprise Group

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.