Public Service Enterprise Group Incorporated $PEG Stock Sold by AIA Group Ltd

Key Points

• AIA Group cut its PSEG stake by 44% in the third quarter, selling 56,446 shares and ending the period with 71,730 shares worth about $4.83 million.
• PSEG’s third-quarter results missed expectations: earnings were $1.15 per share versus $1.19 forecast, and revenue of $3.02 billion was below estimates and down 6.4% year over year.
• Analysts maintain a consensus Hold rating and $79.32 average price target. PSEG kept its 2026 earnings guidance at $4.28–$4.40 per share.

AIA Group Ltd lowered its position in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 44.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,730 shares of the utilities provider's stock after selling 56,446 shares during the period. AIA Group Ltd's holdings in Public Service Enterprise Group were worth $4,830,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kestra Advisory Services LLC raised 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 acquiring an additional 14,406 shares during the period. Commerce Bank acquired a new stake in shares of Public Service Enterprise Group in the second quarter valued at about $3,934,000. Quantinno Capital Management LP increased its stake in shares of Public Service Enterprise Group by 66.2% during the first quarter. Quantinno Capital Management LP now owns 359,477 shares of the utilities provider's stock worth $29,100,000 after purchasing an additional 143,148 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Public Service Enterprise Group during the second quarter worth about $15,071,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Public Service Enterprise Group by 2,311.6% during the second quarter. Assenagon Asset Management S.A. now owns 386,895 shares of the utilities provider's stock worth $31,400,000 after purchasing an additional 370,852 shares in the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

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 operating earnings guidance of $4.28–$4.40 per share, broadly matching the $4.38 consensus. Its planned $22.5 billion–$25.5 billion in regulated capital investment over five years also supports longer-term growth prospects. Article: Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Wells Fargo trimmed its price target to $87 from $89 but retained an Overweight rating, signaling continued confidence in the shares’ potential. Article: Wells Fargo analyst update
• Neutral Sentiment: CEO Ralph LaRossa sold 2,083 shares under a pre-arranged Rule 10b5-1 plan. The sale was a small portion of his holdings, which remain substantial. SEC filing
• Negative Sentiment: Third-quarter EPS of $1.15 missed the $1.19 consensus, while revenue of $3.02 billion came in below the $3.19 billion estimate and fell 6.4% year over year. These results may temper investor enthusiasm despite earnings being slightly higher than a year earlier. Article: PSEG misses Q3 earnings and revenue estimates
• Negative Sentiment: Ladenburg Thalmann lowered its price target to $75.50 from $80.50 and assigned a Neutral rating, reflecting a more cautious outlook and limited implied upside. Article: Ladenburg Thalmann analyst update

Public Service Enterprise Group Stock Performance

PEG opened at $73.34 on Thursday. Public Service Enterprise Group Incorporated has a twelve month low of $66.15 and a twelve month high of $87.63. The firm has a market capitalization of $36.56 billion, a PE ratio of 17.01, a PEG ratio of 2.50 and a beta of 0.48. The company has a current ratio of 1.01, a quick ratio of 0.67 and a debt-to-equity ratio of 1.39. The firm's 50-day moving average price is $71.22 and its 200 day moving average price is $77.96.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Monday, November 2nd. The utilities provider reported $1.15 earnings per share 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 analysts' expectations of $3.19 billion. Public Service Enterprise Group had a return on equity of 12.40% and a net margin of 14.31%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.13 earnings per share. As a group, sell-side analysts expect that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current fiscal year.

Analyst Ratings Changes

PEG has been the topic of a number of research reports. Citigroup decreased their price target 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. Wells Fargo & Company reduced their target price on Public Service Enterprise Group from $89.00 to $87.00 and set an "overweight" rating for the company in a report on Tuesday. Weiss Ratings restated a "hold (c)" rating on shares of Public Service Enterprise Group in a research report on Tuesday. Argus lowered their price target on Public Service Enterprise Group from $90.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, September 29th. Finally, JPMorgan Chase & Co. dropped their price target on Public Service Enterprise Group from $81.00 to $77.00 and set a "neutral" rating for the company in a research report on Monday, October 19th. Seven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Public Service Enterprise Group currently has a consensus rating of "Hold" and a consensus price target of $79.32.

Insider Activity at Public Service Enterprise Group

In related news, CEO Ralph LaRossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $73.60, for a total transaction of $153,308.80. Following the transaction, the chief executive officer owned 276,487 shares in the company, valued at approximately $20,349,443.20. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $74.56, for a total value 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. This trade represents a 27.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 12,166 shares of company stock valued at $890,350. Insiders own 0.19% of the company's stock.

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.

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