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 dated Monday, November 2nd. The stock was sold at an average price of $73.60, for a total transaction of $153,308.80. Following the transaction, the chief executive officer owned 276,487 shares of the company’s stock, valued at approximately $20,349,443.20. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Public Service Enterprise Group Trading Down 2.3%

Shares of Public Service Enterprise Group stock opened at $72.65 on Wednesday. The firm has a market capitalization of $36.21 billion, a PE ratio of 17.38, a P/E/G ratio of 2.55 and a beta of 0.48. Public Service Enterprise Group Incorporated has a twelve month low of $66.15 and a twelve month high of $87.63. The firm’s 50-day moving average price is $71.22 and its 200 day moving average price is $77.99. 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 posted its quarterly earnings data 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 return on equity of 12.43% and a net margin of 14.31%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts predict that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PEG has been the subject of several recent research reports. Bank of America reduced their price objective on Public Service Enterprise Group from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. BTIG Research lowered their target price on shares of Public Service Enterprise Group from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. UBS Group lifted their target price on shares of Public Service Enterprise Group from $99.00 to $104.00 in a research note on Thursday, July 9th. LADENBURG THALM/SH SH dropped their target price on shares of Public Service Enterprise Group from $80.50 to $75.50 and set a “neutral” rating for the company in a report on Tuesday. Finally, BMO Capital Markets reduced their target price on shares of Public Service Enterprise Group from $79.00 to $77.00 and set a “market perform” rating for the company in a research report on Thursday, October 22nd. Eight analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Public Service Enterprise Group currently has a consensus rating of “Hold” and a consensus target price of $79.63.

Public Service Enterprise Group News Roundup

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

• Positive Sentiment: PSEG maintained its 2026 non-GAAP operating earnings guidance of $4.28–$4.40 per share, broadly in line with the $4.38 consensus estimate. Management also outlined a five-year regulated capital investment plan of $22.5 billion–$25.5 billion, supporting potential longer-term growth. Article: Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Wells Fargo lowered its price target to $87 from $89 but kept an Overweight rating, indicating it still sees substantial potential upside. Article: Wells Fargo analyst update
• Neutral Sentiment: CEO Ralph LaRossa sold 2,083 shares under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 0.75%, making it a relatively small transaction that was scheduled in advance. SEC filing
• Neutral Sentiment: Ladenburg Thalmann cut its price target to $75.50 from $80.50 and assigned a Neutral rating, reflecting a more cautious view. Article: Ladenburg Thalmann analyst update
• Negative Sentiment: Third-quarter non-GAAP operating earnings were $1.15 per share, below analyst estimates of roughly $1.19–$1.21. Revenue of $3.02 billion also missed the $3.19 billion estimate and declined 6.4% year over year, weighing on the results despite earnings being slightly above the prior-year quarter’s $1.13 per share. Article: PSEG misses Q3 earnings and revenue estimates

Institutional Investors Weigh In On Public Service Enterprise Group

A number of large investors have recently made changes to their positions in PEG. Community Financial Services Group LLC acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Public Service Enterprise Group in the 2nd quarter valued at approximately $26,000. Elevation Wealth Partners LLC grew its stake in shares of Public Service Enterprise Group by 240.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock valued at $28,000 after buying an additional 243 shares during the period. Aberdeen Wealth Management LLC acquired a new stake in shares of Public Service Enterprise Group during the 2nd quarter worth approximately $32,000. Finally, James T. Borello RIA acquired a new stake in shares of Public Service Enterprise Group during the 3rd quarter worth approximately $27,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

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.