Mirae Asset Global Investments Co. Ltd. Acquires New Holdings in Public Service Enterprise Group Incorporated $PEG

Mirae Asset Global Investments Co. Ltd. acquired a new position in Public Service Enterprise Group Incorporated (NYSE:PEG) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 125,707 shares of the utilities provider’s stock, valued at approximately $8,465,000.

Several other large investors have also recently added to or reduced their stakes in PEG. Community Financial Services Group LLC bought a new stake in Public Service Enterprise Group during the 2nd quarter valued at $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in Public Service Enterprise Group during the 2nd quarter worth $26,000. Elevation Wealth Partners LLC boosted its position in Public Service Enterprise Group by 240.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 243 shares during the period. Aberdeen Wealth Management LLC bought a new position in shares of Public Service Enterprise Group in the second quarter worth $32,000. Finally, James T. Borello RIA bought a new position in shares of Public Service Enterprise Group in the third quarter worth $27,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 2,083 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $20,349,443.20. This represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the senior vice president owned 20,970 shares of the company’s stock, valued at approximately $1,563,523.20. This trade represents a 27.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 12,166 shares of company stock worth $890,350. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PEG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Royal Bank Of Canada decreased their target price on shares of Public Service Enterprise Group from $81.00 to $76.00 in a research report on Monday, October 26th. The Goldman Sachs Group lowered their target price on shares of Public Service Enterprise Group from $86.00 to $83.00 in a research note on Thursday, October 15th. JPMorgan Chase & Co. dropped their price target on shares of Public Service Enterprise Group from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Finally, LADENBURG THALM/SH SH reduced their price target on shares of Public Service Enterprise Group from $80.50 to $75.50 and set a “neutral” rating for the company in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Public Service Enterprise Group has an average rating of “Hold” and a consensus price target of $79.32.

Key Public Service Enterprise Group News

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

• Positive Sentiment: PSEG maintained its 2026 operating earnings guidance of $4.28–$4.40 per share, broadly matching the $4.38 consensus. Its planned $22.5 billion–$25.5 billion in regulated capital investment over five years also supports longer-term growth prospects. Article: Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Wells Fargo trimmed its price target to $87 from $89 but retained an Overweight rating, signaling continued confidence in the shares’ potential. Article: Wells Fargo analyst update
• Neutral Sentiment: CEO Ralph LaRossa sold 2,083 shares under a pre-arranged Rule 10b5-1 plan. The sale was a small portion of his holdings, which remain substantial. SEC filing
• Negative Sentiment: Third-quarter EPS of $1.15 missed the $1.19 consensus, while revenue of $3.02 billion came in below the $3.19 billion estimate and fell 6.4% year over year. These results may temper investor enthusiasm despite earnings being slightly higher than a year earlier. Article: PSEG misses Q3 earnings and revenue estimates
• Negative Sentiment: Ladenburg Thalmann lowered its price target to $75.50 from $80.50 and assigned a Neutral rating, reflecting a more cautious outlook and limited implied upside. Article: Ladenburg Thalmann analyst update

Public Service Enterprise Group Stock Up 0.7%

Shares of PEG stock opened at $73.34 on Thursday. Public Service Enterprise Group Incorporated has a 1 year low of $66.15 and a 1 year high of $87.63. The stock has a market cap of $36.56 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 2.50 and a beta of 0.48. The business’s fifty day moving average is $71.22 and its 200-day moving average is $77.96. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.67 and a current ratio of 1.01.

Public Service Enterprise Group (NYSE:PEG) last posted 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 the consensus estimate of $3.19 billion. Public Service Enterprise Group had a return on equity of 12.40% and a net margin of 14.31%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. Equities analysts expect that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group 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.