Public Service Enterprise Group Incorporated $PEG Shares Newly Purchased by VCI Wealth Management LLC

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

A number of other hedge funds and other institutional investors have also bought and sold shares of PEG. BlackRock Inc. acquired a new position in Public Service Enterprise Group during the second quarter worth approximately $4,366,570,000. State Street Corp lifted its position in shares of Public Service Enterprise Group by 1.4% in 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 buying an additional 399,191 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Public Service Enterprise Group in the second quarter valued at approximately $1,207,400,000. Legal & General Group Plc acquired a new stake in shares of Public Service Enterprise Group in the second quarter valued at approximately $554,994,000. Finally, Amundi boosted its stake in shares of Public Service Enterprise Group by 71.6% during the 2nd quarter. Amundi now owns 3,962,317 shares of the utilities provider’s stock worth $321,580,000 after acquiring an additional 1,653,832 shares during the period. Institutional investors own 73.34% of the company’s stock.

Insider Buying and Selling at Public Service Enterprise Group

In other news, SVP Richard T. Thigpen sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the sale, the senior vice president owned 20,970 shares of the company’s stock, valued at approximately $1,563,523.20. The trade was a 27.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $67.48, for a total transaction 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.

Public Service Enterprise Group Stock Performance

NYSE:PEG opened at $74.29 on Tuesday. The stock has a market cap of $37.03 billion, a P/E ratio of 18.48, a PEG ratio of 2.48 and a beta of 0.50. The stock has a 50 day simple moving average of $71.23 and a 200 day simple moving average of $78.02. 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 Incorporated has a 1-year low of $66.15 and a 1-year high of $87.63.

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

Public Service Enterprise Group News Summary

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PEG shares. LADENBURG THALM/SH SH decreased their target price on Public Service Enterprise Group from $84.50 to $80.50 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. HSBC assumed coverage on Public Service Enterprise Group in a research note on Thursday, October 22nd. They issued a “hold” rating and a $72.50 price target on the stock. Royal Bank Of Canada cut their price target on Public Service Enterprise Group from $81.00 to $76.00 in a report on Monday, October 26th. Wells Fargo & Company cut their price target on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings cut shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $80.00.

Public Service Enterprise Group Company 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.