23,576 Shares of Public Service Enterprise Group Incorporated $PEG Bought by VCI Wealth Management LLC

VCI Wealth Management LLC acquired a new stake in Public Service Enterprise Group Incorporated (NYSE:PEG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 23,576 shares of the utilities provider’s stock, valued at approximately $1,588,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Salomon & Ludwin LLC raised its holdings in Public Service Enterprise Group by 17,533.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,058 shares of the utilities provider’s stock worth $71,000 after buying an additional 1,052 shares during the period. Hennessy Advisors Inc. lifted its stake in Public Service Enterprise Group by 0.6% in the third quarter. Hennessy Advisors Inc. now owns 164,790 shares of the utilities provider’s stock valued at $11,097,000 after buying an additional 1,000 shares in the last quarter. Columbia Bank lifted its stake in Public Service Enterprise Group by 2.9% in the third quarter. Columbia Bank now owns 9,755 shares of the utilities provider’s stock valued at $657,000 after buying an additional 275 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Public Service Enterprise Group in the third quarter valued at approximately $8,465,000. Finally, Vise Technologies Inc. boosted its holdings in shares of Public Service Enterprise Group by 71.0% in the third quarter. Vise Technologies Inc. now owns 24,333 shares of the utilities provider’s stock valued at $1,639,000 after buying an additional 10,102 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PEG. Morgan Stanley lowered their price objective on shares of Public Service Enterprise Group from $88.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. JPMorgan Chase & Co. cut their price objective on shares of Public Service Enterprise Group from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Wells Fargo & Company reduced their target price on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Bank of America lowered their target price on Public Service Enterprise Group from $87.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Finally, BTIG Research lowered their target price on Public Service Enterprise Group from $94.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. 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 stock presently has a consensus rating of “Hold” and an average price target of $80.00.

Insider Buying and Selling

In other news, SVP Richard T. Thigpen sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the sale, the senior vice president owned 20,970 shares in the company, valued at $1,563,523.20. This represents a 27.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $67.48, for a total value of $140,560.84. Following the completion of the sale, the chief executive officer directly owned 279,490 shares of the company’s stock, valued at approximately $18,859,985.20. The trade was a 0.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is owned by company insiders.

More Public Service Enterprise Group News

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

• Positive Sentiment: Management reaffirmed 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share, reducing the risk of an immediate outlook cut. PSEG also outlined a five-year regulated capital investment plan of $22.5 billion to $25.5 billion, supporting long-term rate-base growth. Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Third-quarter non-GAAP operating earnings increased to $1.15 per share from $1.13 a year earlier, suggesting underlying utility performance remained resilient despite a difficult comparison. PSEG Announces Third Quarter 2026 Results
• Neutral Sentiment: An analyst commentary argued that PEG’s valuation has become more attractive following the recent weakness and upgraded its rating, though it characterized the quarterly results as unimpressive. Public Service Enterprise: Not Great Results, But Better Valuation
• Negative Sentiment: PEG reported quarterly revenue of $3.02 billion, below the $3.19 billion consensus estimate and down 6.4% year over year. Non-GAAP EPS of $1.15 also missed estimates ranging from $1.19 to $1.21, increasing concerns about near-term operating momentum. PSEG Misses Q3 Earnings and Revenue Estimates
• Negative Sentiment: GAAP net income fell to $376 million, or $0.76 per share, from $622 million, or $1.24 per share, in the prior-year quarter. The sharp decline reflects reconciling items and makes the headline profit trend considerably weaker than the operating-earnings comparison. PSEG Third-Quarter Earnings Results

Public Service Enterprise Group Trading Up 0.0%

Shares of NYSE:PEG opened at $74.29 on Tuesday. The company’s 50-day moving average price is $71.23 and its two-hundred day moving average price is $78.02. Public Service Enterprise Group Incorporated has a one year low of $66.15 and a one year high of $87.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.67. The stock has a market capitalization of $37.03 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 2.48 and a beta of 0.50.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Monday, November 2nd. The utilities provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.04). The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.19 billion. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. Public Service Enterprise Group’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 EPS. On average, equities analysts forecast that Public Service Enterprise Group Incorporated will post 4.38 EPS for the current fiscal year.

Public Service Enterprise Group Profile

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.