Public Service Enterprise Group (NYSE:PEG) CEO Ralph Larossa Sells 2,083 Shares of Company Stock

Key Points

• CEO Ralph Larossa sold 2,083 PEG shares at an average price of $67.48, generating approximately $140,561. The Rule 10b5-1 transaction reduced his direct ownership by 0.74% to 279,490 shares.
• PEG shares traded near $68.02, close to their 52-week low of $66.15, while the company reported quarterly EPS of $0.86—above the $0.80 analyst consensus—despite an 8.9% year-over-year revenue decline.
• Public Service Enterprise Group pays a quarterly dividend of $0.67, equivalent to a 3.9% annual yield. Analysts maintain a consensus “Hold” rating with an average price target of $89.23.

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 dated Thursday, October 1st. The shares were sold at an average price of $67.48, for a total transaction of $140,560.84. Following the completion of the sale, the chief executive officer directly owned 279,490 shares of the company's stock, valued at approximately $18,859,985.20. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock traded up $0.12 during midday trading on Friday, hitting $68.02. 2,228,319 shares of the company were exchanged, compared to its average volume of 2,957,683. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.67 and a current ratio of 0.88. Public Service Enterprise Group Incorporated has a fifty-two week low of $66.15 and a fifty-two week high of $87.63. The business has a fifty day simple moving average of $73.24 and a two-hundred day simple moving average of $77.73. The firm has a market capitalization of $33.90 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.54 and a beta of 0.50.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.66 billion. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The business's revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, sell-side analysts forecast that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, September 9th. Public Service Enterprise Group's dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PEG. Weiss Ratings downgraded shares of Public Service Enterprise Group from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Jefferies Financial Group reduced their target price on Public Service Enterprise Group from $89.00 to $78.00 and set a "hold" rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada started coverage on shares of Public Service Enterprise Group in a report on Thursday, July 2nd. They issued a "sector perform" rating and a $81.00 price objective on the stock. Wall Street Zen upgraded shares of Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 26th. Finally, Truist Financial reduced their price target on shares of Public Service Enterprise Group from $90.00 to $84.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $89.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Entropy Technologies LP boosted its holdings in shares of Public Service Enterprise Group by 115.6% during the fourth quarter. Entropy Technologies LP now owns 24,717 shares of the utilities provider's stock valued at $1,985,000 after acquiring an additional 13,253 shares during the period. Kestra Advisory Services LLC lifted its position in Public Service Enterprise Group by 26.3% in the 1st quarter. Kestra Advisory Services LLC now owns 69,089 shares of the utilities provider's stock valued at $5,593,000 after purchasing an additional 14,406 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its stake in Public Service Enterprise Group by 135.2% during 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 purchasing an additional 12,468 shares during the period. Y Intercept Hong Kong Ltd grew its position in Public Service Enterprise Group by 120.0% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 63,102 shares of the utilities provider's stock worth $5,108,000 after purchasing an additional 34,415 shares during the last quarter. Finally, Commerce Bank acquired a new stake in shares of Public Service Enterprise Group in the second quarter valued at approximately $3,934,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated NYSE: PEG is an energy company headquartered in Newark, New Jersey. Founded in 1903, the company operates primarily through its regulated utility subsidiary, Public Service Electric and Gas Company (PSE&G), and its competitive energy businesses.

PSE&G is New Jersey's largest electric and gas utility, providing electricity and natural gas delivery, transmission, distribution, and related customer services to residential, commercial, and industrial customers across the state.

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