Public Service Enterprise Group Incorporated (NYSE:PEG – Get Free Report) CEO Ralph Larossa sold 2,083 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $80.51, for a total value of $167,702.33. Following the completion of the transaction, the chief executive officer directly owned 285,149 shares of the company’s stock, valued at approximately $22,957,345.99. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Public Service Enterprise Group Stock Up 1.4%
Shares of NYSE PEG traded up $1.14 during mid-day trading on Thursday, reaching $81.41. 2,873,513 shares of the company were exchanged, compared to its average volume of 2,920,273. Public Service Enterprise Group Incorporated has a 1 year low of $76.05 and a 1 year high of $91.25. The firm has a 50-day moving average of $79.36 and a 200 day moving average of $80.88. The stock has a market cap of $40.57 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 3.05 and a beta of 0.51. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.11. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, research analysts expect that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current year.
Public Service Enterprise Group Announces Dividend
Analyst Ratings Changes
PEG has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group downgraded Public Service Enterprise Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $90.00 to $89.00 in a research note on Wednesday, April 15th. Wells Fargo & Company upped their target price on Public Service Enterprise Group from $96.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada began coverage on Public Service Enterprise Group in a report on Thursday. They issued a “sector perform” rating and a $81.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.32.
Read Our Latest Report on Public Service Enterprise Group
Institutional Trading of Public Service Enterprise Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chapman Financial Group LLC purchased a new stake in Public Service Enterprise Group in the second quarter valued at approximately $25,000. Quest 10 Wealth Builders Inc. boosted its holdings in Public Service Enterprise Group by 250.5% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 347 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 248 shares during the last quarter. Bayban acquired a new stake in Public Service Enterprise Group during the 4th quarter worth about $33,000. Motiv8 Investments LLC acquired a new position in shares of Public Service Enterprise Group in the 4th quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Public Service Enterprise Group in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 73.34% of the company’s stock.
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.
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