Insider Selling: Public Service Enterprise Group (NYSE:PEG) CEO Sells 2,083 Shares of Stock

Public Service Enterprise Group Incorporated (NYSE:PEG) CEO Ralph Larossa sold 2,083 shares of the business’s stock in a transaction that occurred 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 directly owned 276,487 shares in the company, valued at approximately $20,349,443.20. The trade was a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Public Service Enterprise Group Stock Down 2.3%

NYSE:PEG traded down $1.73 during midday trading on Tuesday, reaching $72.65. The company had a trading volume of 3,552,309 shares, compared to its average volume of 3,083,923. The firm has a market capitalization of $36.21 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.48 and a beta of 0.48. The stock’s fifty day simple moving average is $71.23 and its 200-day simple moving average is $78.02. Public Service Enterprise Group Incorporated has a 12-month low of $66.15 and a 12-month high of $87.63. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31.

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

Key Stories Impacting Public Service Enterprise Group

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

• Positive Sentiment: Wells Fargo lowered its price target to $87 from $89 but maintained an Overweight rating, implying about 19% upside from the cited share price. Article
• Neutral Sentiment: PSEG maintained 2026 non-GAAP operating EPS guidance of $4.28–$4.40, in line with the $4.38 analyst consensus midpoint. The company also cited a five-year regulated investment plan of $22.5 billion–$25.5 billion, supporting long-term infrastructure growth but requiring substantial investment. PSEG third-quarter results Long-term investor takeaways
• Negative Sentiment: Third-quarter non-GAAP operating EPS was $1.15, below analyst estimates of roughly $1.19–$1.21, while revenue of $3.02 billion missed the $3.19 billion consensus and fell 6.4% year over year. Net income was also lower than a year earlier, adding to investor concerns about the quarter. Q3 earnings miss Q3 profit report

Analyst Ratings Changes

A number of equities research analysts have recently commented on PEG shares. The Goldman Sachs Group reduced their target price on shares of Public Service Enterprise Group from $86.00 to $83.00 in a report on Thursday, October 15th. BTIG Research dropped their price target on Public Service Enterprise Group from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. Morgan Stanley reduced their price objective on Public Service Enterprise Group from $88.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Weiss Ratings cut Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company lowered their target price on Public Service Enterprise Group from $89.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $79.63.

Institutional Trading of Public Service Enterprise Group

Several institutional investors and hedge funds have recently modified their holdings of PEG. BlackRock Inc. acquired a new position in shares of Public Service Enterprise Group in the 2nd quarter worth $4,366,570,000. State Street Corp lifted its holdings in shares of Public Service Enterprise Group by 1.4% during the second quarter. State Street Corp now owns 29,481,434 shares of the utilities provider’s stock valued at $2,392,713,000 after purchasing an additional 399,191 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $1,207,400,000. Legal & General Group Plc purchased a new position in Public Service Enterprise Group in the 2nd quarter worth about $554,994,000. Finally, Amundi increased its stake in Public Service Enterprise Group by 71.6% in the 2nd quarter. Amundi now owns 3,962,317 shares of the utilities provider’s stock worth $321,580,000 after purchasing an additional 1,653,832 shares in the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

About Public Service Enterprise Group

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.