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

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

Public Service Enterprise Group Trading Down 0.1%

Public Service Enterprise Group stock opened at $76.55 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97. The business’s 50-day simple moving average is $79.60 and its 200-day simple moving average is $80.81. The firm has a market capitalization of $38.14 billion, a PE ratio of 16.94, a PEG ratio of 2.88 and a beta of 0.51. Public Service Enterprise Group Incorporated has a 52 week low of $74.20 and a 52 week high of $91.25.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. The firm’s revenue was down 8.9% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Equities research analysts forecast 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 issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.5%. Public Service Enterprise Group’s payout ratio is 59.29%.

Institutional Investors Weigh In On Public Service Enterprise Group

A number of institutional investors have recently bought and sold shares of the business. Tema ETFs LLC raised its stake in shares of Public Service Enterprise Group by 9.9% in the 2nd quarter. Tema ETFs LLC now owns 9,688 shares of the utilities provider’s stock valued at $786,000 after buying an additional 870 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Public Service Enterprise Group by 1.7% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,862 shares of the utilities provider’s stock valued at $1,937,000 after acquiring an additional 397 shares in the last quarter. Community Financial Services Group LLC acquired a new stake in shares of Public Service Enterprise Group during the 2nd quarter valued at about $25,000. Harrell Investment Partners LLC increased its stake in Public Service Enterprise Group by 7.3% in the second quarter. Harrell Investment Partners LLC now owns 12,018 shares of the utilities provider’s stock valued at $975,000 after acquiring an additional 820 shares during the period. Finally, Allied Private Wealth LLC bought a new stake in Public Service Enterprise Group in the second quarter valued at about $71,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Trending Headlines about Public Service Enterprise Group

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

• Positive Sentiment: Quarterly earnings beat expectations: PSEG reported second-quarter EPS of $0.86, up from $0.77 a year earlier and above the $0.80 analyst consensus. The earnings outperformance may provide near-term support for PEG stock. PSEG Tops Q2 Earnings Estimates
• Positive Sentiment: 2026 guidance was reaffirmed: Management maintained its operating EPS outlook of $4.28 to $4.40, broadly in line with the $4.38 consensus estimate. The company also plans to file a base-rate case by year-end 2026, potentially supporting future utility earnings growth and cash flows. PSEG Reaffirms 2026 EPS and Base-Rate Filing Plans
• Positive Sentiment: Growth plans were highlighted on the earnings call: PSEG discussed initiatives intended to offset GAAP-related headwinds, which could improve longer-term growth prospects if execution remains on track. PSEG Earnings Call: Growth Plans Offset GAAP Headwinds
• Neutral Sentiment: CEO stock sale disclosed: CEO Ralph Larossa sold 2,083 shares worth approximately $159,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and represented only 0.73% of his direct holdings, it is unlikely to materially change the investment outlook. SEC Insider Transaction Filing
• Negative Sentiment: Revenue missed estimates and declined year over year: Quarterly revenue was $2.55 billion, below the $2.66 billion consensus and down 8.9% from the prior-year period. The top-line weakness may offset some of the benefit from the EPS beat. PSEG Quarterly Earnings Report

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PEG shares. Jefferies Financial Group lowered their price objective on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Royal Bank Of Canada started coverage on shares of Public Service Enterprise Group in a report on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 price target for the company. Weiss Ratings lowered shares of Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Public Service Enterprise Group from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.25.

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.