Ralph Larossa Sells 2,083 Shares of Public Service Enterprise Group (NYSE:PEG) Stock

Public Service Enterprise Group Incorporated (NYSE:PEG) CEO Ralph Larossa sold 2,083 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $76.47, for a total transaction of $159,287.01. Following the sale, the chief executive officer owned 283,656 shares of the company’s stock, valued at $21,691,174.32. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Public Service Enterprise Group Trading Down 0.9%

Shares of NYSE:PEG opened at $75.57 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 $37.66 billion, a PE ratio of 18.80, a P/E/G ratio of 2.87 and a beta of 0.51. The business has a 50 day moving average of $79.51 and a 200-day moving average of $80.78. 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) last posted its 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. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.66 billion. Public Service Enterprise Group had a return on equity of 12.46% and a net margin of 16.04%.The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities research analysts forecast that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio is currently 59.29%.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Public Service Enterprise Group by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider’s stock valued at $5,420,155,000 after buying an additional 2,189,951 shares in the last quarter. State Street Corp boosted its position in shares of Public Service Enterprise Group by 2.8% during the 4th quarter. State Street Corp now owns 28,361,198 shares of the utilities provider’s stock worth $2,277,404,000 after acquiring an additional 762,591 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Public Service Enterprise Group by 24.7% during the 2nd quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock worth $1,476,230,000 after acquiring an additional 3,469,886 shares in the last quarter. Geode Capital Management LLC increased its stake in Public Service Enterprise Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider’s stock valued at $1,021,475,000 after acquiring an additional 114,351 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Public Service Enterprise Group by 9.8% in the second quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider’s stock valued at $674,218,000 after acquiring an additional 715,051 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on PEG. Royal Bank Of Canada assumed coverage on Public Service Enterprise Group in a report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 target price for the company. Weiss Ratings lowered shares of Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. BMO Capital Markets lifted their price objective on shares of Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. Truist Financial boosted their price objective on shares of Public Service Enterprise Group from $88.00 to $90.00 and gave the company a “hold” rating in a report 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 research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.63.

Trending Headlines about Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: EPS exceeded expectations: PSEG reported second-quarter earnings of $0.86 per share, ahead of the $0.80 consensus and up from $0.77 a year earlier. The earnings outperformance provides some support for PEG. PSEG Tops Q2 Earnings Estimates
• Positive Sentiment: 2026 outlook was maintained: Management reaffirmed operating EPS guidance of $4.28 to $4.40, broadly consistent with the $4.38 analyst consensus. PSEG also plans to submit a base-rate filing by the end of 2026, potentially supporting future regulated-utility earnings and cash flow. PSEG Reaffirms 2026 EPS and Base-Rate Filing Plans
• Positive Sentiment: Dividend remains attractive: PSEG declared a quarterly dividend of $0.67 per share, equivalent to $2.68 annually and a yield of approximately 3.5%. PSEG Dividend and Insider Trading Report
• Neutral Sentiment: CEO sale was conducted under a trading plan: CEO Ralph Larossa sold 2,083 shares for about $159,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.73%, limiting its significance for investors. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed and declined: Quarterly revenue of $2.55 billion fell short of the $2.66 billion estimate and decreased 8.9% year over year. The top-line weakness offsets part of the EPS beat and may be weighing on the stock. PSEG Quarterly Earnings Report
• Negative Sentiment: Analysts reduced price targets: Citigroup cut its target from $91 to $84 and assigned a neutral rating, while Wells Fargo lowered its target from $91 to $89 but retained an overweight rating. The revisions signal more cautious near-term expectations despite implied upside. Benzinga Analyst Rating Updates

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.