Asset Management One Co. Ltd. Sells 16,520 Shares of Public Service Enterprise Group Incorporated $PEG

Key Points

• Asset Management One reduced its PSEG stake by 5.4%, selling 16,520 shares and retaining 290,896 shares worth approximately $19.6 million. Institutional investors collectively own 73.34% of PEG.
• PSEG reported quarterly EPS of $0.86, exceeding estimates of $0.80, though revenue fell 8.9% year over year to $2.55 billion. The company maintained fiscal 2026 EPS guidance of $4.28–$4.40.
• Analysts hold a generally cautious view, with a consensus “Hold” rating and an $80 price target, while several firms recently lowered their targets. PEG recently traded at $73.55, and company insiders sold 12,166 shares worth about $896,000 over the past quarter.

Asset Management One Co. Ltd. cut its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,896 shares of the utilities provider's stock after selling 16,520 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Public Service Enterprise Group worth $19,589,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kestra Advisory Services LLC lifted its position in Public Service Enterprise Group by 26.3% during the first quarter. Kestra Advisory Services LLC now owns 69,089 shares of the utilities provider's stock worth $5,593,000 after purchasing an additional 14,406 shares during the period. Y Intercept Hong Kong Ltd grew its stake in Public Service Enterprise Group by 120.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 63,102 shares of the utilities provider's stock worth $5,108,000 after buying an additional 34,415 shares in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in Public Service Enterprise Group by 135.2% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 21,693 shares of the utilities provider's stock valued at $1,756,000 after buying an additional 12,468 shares during the period. Commerce Bank bought a new position in Public Service Enterprise Group in the 2nd quarter valued at about $3,934,000. Finally, Quantinno Capital Management LP raised its position in shares of Public Service Enterprise Group by 66.2% in the 1st quarter. Quantinno Capital Management LP now owns 359,477 shares of the utilities provider's stock valued at $29,100,000 after buying an additional 143,148 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Public Service Enterprise Group Stock Up 1.5%

NYSE:PEG opened at $73.55 on Friday. The firm's 50 day simple moving average is $71.21 and its 200 day simple moving average is $78.07. 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 one year low of $66.15 and a one year high of $87.63. The company has a market cap of $36.66 billion, a PE ratio of 17.01, a P/E/G ratio of 2.48 and a beta of 0.50.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued 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 company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Public Service Enterprise Group's revenue for the quarter 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, research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.38 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Ralph A. Larossa sold 2,083 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $67.48, for a total value of $140,560.84. Following the completion of the sale, the chief executive officer directly owned 279,490 shares in the company, valued at $18,859,985.20. This trade represents a 0.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the completion of the sale, the senior vice president directly owned 20,970 shares of the company's stock, valued at $1,563,523.20. The trade was a 27.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 12,166 shares of company stock valued at $896,328. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on PEG shares. LADENBURG THALM/SH SH cut their price target on shares of Public Service Enterprise Group from $84.50 to $80.50 and set a "neutral" rating for the company in a report on Thursday, July 23rd. Citigroup decreased their price objective on shares of Public Service Enterprise Group from $91.00 to $84.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. BTIG Research decreased their price objective on shares of Public Service Enterprise Group from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, October 20th. Barclays lowered their price objective on shares of Public Service Enterprise Group from $83.00 to $76.00 and set an "equal weight" rating for the company in a research report on Monday, October 12th. Finally, Argus cut their target price on Public Service Enterprise Group from $90.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, September 29th. Eight research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, Public Service Enterprise Group has a consensus rating of "Hold" and a consensus price target of $80.00.

Public Service Enterprise Group 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.

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