Public Service Enterprise Group Incorporated $PEG Stake Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,040,294 shares of the utilities provider’s stock after selling 37,140 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Public Service Enterprise Group were worth $70,053,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Community Financial Services Group LLC purchased a new stake in Public Service Enterprise Group during the second quarter worth about $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Public Service Enterprise Group in the 2nd quarter valued at about $26,000. Elevation Wealth Partners LLC grew its stake in 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 acquiring an additional 243 shares during the last quarter. Aberdeen Wealth Management LLC purchased a new position in Public Service Enterprise Group during the 2nd quarter valued at about $32,000. Finally, James T. Borello RIA purchased a new position in Public Service Enterprise Group during the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

More Public Service Enterprise Group News

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

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG opened at $72.65 on Wednesday. Public Service Enterprise Group Incorporated has a 1 year low of $66.15 and a 1 year high of $87.63. The business has a fifty day simple moving average of $71.22 and a 200 day simple moving average of $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. The firm has a market cap of $36.21 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.55 and a beta of 0.48.

Public Service Enterprise Group (NYSE:PEG) last posted its earnings results on Monday, November 2nd. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.19 billion. Public Service Enterprise Group had a net margin of 14.31% and a return on equity of 12.43%. Public Service Enterprise Group’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, sell-side analysts predict that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ralph LaRossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction on 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 owned 276,487 shares of the company’s stock, valued at approximately $20,349,443.20. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard Thigpen sold 8,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the senior vice president directly owned 20,970 shares in the company, valued at $1,563,523.20. The trade was a 27.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,166 shares of company stock worth $890,350 in the last 90 days. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. The Goldman Sachs Group cut their price objective on Public Service Enterprise Group from $86.00 to $83.00 in a research report on Thursday, October 15th. BMO Capital Markets dropped their target price on Public Service Enterprise Group from $79.00 to $77.00 and set a “market perform” rating for the company in a research note on Thursday, October 22nd. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Wells Fargo & Company reduced their target price on shares of Public Service Enterprise Group from $89.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Argus cut their price objective on Public Service Enterprise Group from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Eight investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $79.63.

Public Service Enterprise Group Company 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.