Public Service Enterprise Group Incorporated (NYSE:PEG – Get Free Report) CEO Ralph Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $77.01, for a total value of $160,411.83. Following the completion of the transaction, the chief executive officer directly owned 287,232 shares of the company’s stock, valued at approximately $22,119,736.32. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Public Service Enterprise Group Trading Up 2.0%
Shares of Public Service Enterprise Group stock traded up $1.57 on Tuesday, hitting $78.24. 3,539,067 shares of the company’s stock traded hands, compared to its average volume of 2,911,502. The company has a fifty day moving average of $79.93 and a two-hundred day moving average of $81.08. Public Service Enterprise Group Incorporated has a one year low of $76.05 and a one year high of $91.25. The company has a market capitalization of $38.99 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 2.96 and a beta of 0.51. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.75.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, sell-side 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
A number of research firms have recently issued reports on PEG. JPMorgan Chase & Co. increased their price objective on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. BMO Capital Markets upped their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. Truist Financial reduced their price objective on Public Service Enterprise Group from $91.00 to $88.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Jefferies Financial Group lowered Public Service Enterprise Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $90.00 to $89.00 in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.19.
View Our Latest Research Report on PEG
Institutional Investors Weigh In On Public Service Enterprise Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB increased its holdings in Public Service Enterprise Group by 28.6% during the fourth quarter. Nordea Investment Management AB now owns 2,266,925 shares of the utilities provider’s stock worth $182,759,000 after buying an additional 504,632 shares during the last quarter. Assetmark Inc. raised its position in Public Service Enterprise Group by 4.6% in the third quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider’s stock worth $74,609,000 after acquiring an additional 38,949 shares during the period. Greenland Capital Management LP raised its position in Public Service Enterprise Group by 238.9% in the third quarter. Greenland Capital Management LP now owns 69,734 shares of the utilities provider’s stock worth $5,820,000 after acquiring an additional 49,157 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Public Service Enterprise Group by 38.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 905,489 shares of the utilities provider’s stock valued at $75,572,000 after acquiring an additional 252,718 shares during the period. Finally, Pensionfund Sabic bought a new position in shares of Public Service Enterprise Group during the 4th quarter valued at approximately $1,301,000. 73.34% of the stock is owned by institutional investors.
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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