Public Service Enterprise Group (NYSE:PEG) CEO Sells $159,287.01 in Stock

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

Public Service Enterprise Group Stock Down 0.7%

Shares of NYSE PEG opened at $75.01 on Friday. The company has a 50 day simple moving average of $79.43 and a 200-day simple moving average of $80.75. The company has a market capitalization of $37.38 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.84 and a beta of 0.51. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.75. Public Service Enterprise Group Incorporated has a 1 year low of $74.20 and a 1 year high of $88.65.

Public Service Enterprise Group (NYSE:PEG) last released its quarterly 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 firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts predict that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio is 66.67%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup decreased their target price on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group dropped their price target on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Wells Fargo & Company reduced their price target on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada assumed coverage on Public Service Enterprise Group in a research report on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Public Service Enterprise Group has an average rating of “Hold” and a consensus target price of $90.63.

Key Headlines Impacting 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 2026 earnings of $0.86 per share, above the $0.80 analyst consensus and up from $0.77 a year earlier. The result indicates solid earnings execution and may provide some support for PEG stock. PSEG Q2 2026 Earnings Call Summary
• Positive Sentiment: 2026 outlook was maintained: Management reaffirmed operating EPS guidance of $4.28 to $4.40, broadly consistent with analyst expectations. The company also discussed growth initiatives and plans to file a base-rate case by year-end 2026, which could support longer-term regulated-utility earnings and cash flow. Analyst Insights on PSEG
• Positive Sentiment: Dividend remains attractive: PSEG declared a quarterly dividend of $0.67, or $2.68 annualized, representing an approximately 3.5% yield and a payout ratio near 59%. This income profile may appeal to defensive and utility-focused investors. PSEG Dividend Announcement
• Neutral Sentiment: CEO stock sale was limited: CEO Ralph Larossa sold 2,083 shares for roughly $159,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.73%, making it unlikely to materially affect sentiment. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed estimates and declined: Quarterly revenue of $2.55 billion was below the $2.66 billion consensus and fell 8.9% year over year. The top-line weakness offsets some of the benefit from the EPS beat. PSEG Valuation Analysis
• Negative Sentiment: Analysts lowered targets: Citigroup cut its target from $91 to $84 and assigned a neutral rating, while Wells Fargo reduced its target from $91 to $89 but retained an overweight rating. Analysts view the dividend favorably, but PEG’s earnings valuation appears relatively rich, limiting near-term upside.

Institutional Investors Weigh In On Public Service Enterprise Group

Hedge funds have recently bought and sold shares of the stock. Simplicity Wealth LLC raised its stake in Public Service Enterprise Group by 3.3% in the fourth quarter. Simplicity Wealth LLC now owns 3,990 shares of the utilities provider’s stock valued at $320,000 after purchasing an additional 129 shares in the last quarter. Westfuller Advisors LLC grew its stake in Public Service Enterprise Group by 7.3% during the first quarter. Westfuller Advisors LLC now owns 1,891 shares of the utilities provider’s stock worth $153,000 after buying an additional 129 shares in the last quarter. Key Financial Inc grew its stake in Public Service Enterprise Group by 2.6% during the fourth quarter. Key Financial Inc now owns 5,221 shares of the utilities provider’s stock worth $419,000 after buying an additional 133 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Public Service Enterprise Group by 4.3% during the second quarter. Benjamin Edwards Inc. now owns 3,231 shares of the utilities provider’s stock worth $272,000 after buying an additional 134 shares in the last quarter. Finally, CFS Investment Advisory Services LLC increased its holdings in Public Service Enterprise Group by 1.0% in the 4th quarter. CFS Investment Advisory Services LLC now owns 13,296 shares of the utilities provider’s stock valued at $1,068,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Company Profile

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.