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

Public Service Enterprise Group Incorporated (NYSE:PEG) CEO Ralph Larossa sold 2,083 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $81.21, for a total value of $169,160.43. Following the completion of the sale, the chief executive officer owned 289,315 shares in the company, valued at $23,495,271.15. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Public Service Enterprise Group Stock Performance

Shares of NYSE:PEG opened at $79.75 on Wednesday. The business’s fifty day moving average price is $82.25 and its two-hundred day moving average price is $81.66. Public Service Enterprise Group Incorporated has a fifty-two week low of $76.00 and a fifty-two week high of $91.25. The stock has a market capitalization of $39.77 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 3.03 and a beta of 0.53. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.80 and a quick ratio of 0.60.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, analysts predict that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. Public Service Enterprise Group’s payout ratio is currently 63.51%.

Hedge Funds Weigh In On Public Service Enterprise Group

Large investors have recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in shares of Public Service Enterprise Group by 28.6% during the fourth quarter. Nordea Investment Management AB now owns 2,266,925 shares of the utilities provider’s stock valued at $182,759,000 after acquiring an additional 504,632 shares during the period. Railway Pension Investments Ltd lifted its stake in Public Service Enterprise Group by 97.5% in the third quarter. Railway Pension Investments Ltd now owns 1,897,800 shares of the utilities provider’s stock valued at $158,390,000 after buying an additional 937,100 shares during the period. Assetmark Inc. lifted its stake in Public Service Enterprise Group by 4.6% in the third quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider’s stock valued at $74,609,000 after buying an additional 38,949 shares during the period. Greenland Capital Management LP lifted its stake in Public Service Enterprise Group by 238.9% in the third quarter. Greenland Capital Management LP now owns 69,734 shares of the utilities provider’s stock valued at $5,820,000 after buying an additional 49,157 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in Public Service Enterprise Group by 13.0% in the third quarter. New York State Common Retirement Fund now owns 314,668 shares of the utilities provider’s stock valued at $26,262,000 after buying an additional 36,100 shares during the period. Institutional investors and hedge funds own 73.34% of the company’s stock.

Key Public Service Enterprise Group News

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

• Positive Sentiment: Q1 earnings beat — PSEG reported $1.55 EPS vs. a $1.47 consensus and revenue of $3.85B (vs. ~$3.35B est.), with operating income rising to about $1.08B. Strong top- and bottom-line beats support the case for continued utility cash flow stability. Read More.
• Positive Sentiment: Weather-driven demand boost — Management said an extreme winter storm increased electric and gas usage, lifting volumes and profit in the regulated utility segments; this one-time demand lift helped the beat but may not repeat. Read More.
• Neutral Sentiment: FY?2026 guidance set — Management provided EPS guidance of $4.280–$4.400 for FY?2026 (street consensus ~4.37). The range overlaps consensus but its midpoint is modestly conservative, so guidance is largely neutral but keeps upside limited in the near term. Read More.
• Neutral Sentiment: Earnings call detail available — Transcripts and slides note volume growth in electric & gas and operating performance trends; listen for management commentary on rate cases, capital spending, and storm-related timing that could affect future quarters. Read More.
• Negative Sentiment: Insider sale — CEO Ralph Larossa sold 2,083 shares under a pre-arranged 10b5-1 plan (small percentage of his holdings). Routine but some investors view insider selling as a slight negative signal. Read More.

Analysts Set New Price Targets

A number of research firms have commented on PEG. Evercore raised Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 price objective on the stock in a research note on Thursday, March 5th. Scotiabank reissued a “sector perform” rating and issued a $92.00 price objective on shares of Public Service Enterprise Group in a research note on Thursday, February 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Friday, March 27th. Barclays boosted their price objective on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company boosted their price objective on Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.19.

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.