Public Service Enterprise Group (NYSE:PEG) SVP Sells 8,000 Shares of Stock

Posted by Geri Gentry on Aug 12th, 2026

Public Service Enterprise Group Incorporated (NYSE:PEG – Get Free Report) SVP Richard Thigpen sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the transaction, the senior vice president owned 20,970 shares in the company, valued at approximately $1,563,523.20. The trade was a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Public Service Enterprise Group Stock Performance

Shares of NYSE:PEG traded up $0.47 during trading on Wednesday, reaching $75.68. 2,016,444 shares of the company’s stock traded hands, compared to its average volume of 2,932,224. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.88 and a quick ratio of 0.67. Public Service Enterprise Group Incorporated has a 12 month low of $74.20 and a 12 month high of $88.65. The company has a 50 day moving average of $79.26 and a 200-day moving average of $80.66. The stock has a market capitalization of $37.72 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 2.81 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG – Get Free Report) last released 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 net margin of 16.04% and a return on equity of 12.42%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. Public Service Enterprise Group’s quarterly revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts expect that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

A number of research firms recently issued reports on PEG. Royal Bank Of Canada assumed coverage on Public Service Enterprise Group in a research report on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 price objective for the company. Citigroup dropped their target price on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial boosted their price target on shares of Public Service Enterprise Group from $88.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Finally, Wells Fargo & Company lowered their price target on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $90.63.

Check Out Our Latest Analysis on Public Service Enterprise Group

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at $4,366,570,000. Norges Bank acquired a new stake in shares of Public Service Enterprise Group in the fourth quarter valued at $552,280,000. Bank of America Corp DE boosted its stake in Public Service Enterprise Group by 24.7% during the second quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock valued at $1,476,230,000 after buying an additional 3,469,886 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Public Service Enterprise Group during the second quarter valued at about $221,632,000. Finally, Vanguard Group Inc. grew its holdings in Public Service Enterprise Group by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider’s stock worth $5,420,155,000 after acquiring an additional 2,189,951 shares during the period. 73.34% of the stock is currently owned by institutional investors.

About Public Service Enterprise Group

(Get Free Report)

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.