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

Key Points

• CEO Ralph Larossa sold 2,083 shares on April 1 at an average price of $81.24 under a pre-arranged Rule 10b5-1 plan, totaling about $169,223 and trimming his stake by 0.71% to 291,398 shares (≈$23.67M).
• Public Service Enterprise Group raised its quarterly dividend to $0.67 (from $0.63), implying a $2.68 annualized payout, a 3.3% yield and a payout ratio near 63.5%.
• The company beat quarterly estimates with $0.72 EPS and revenue up 18.3% year-over-year, set FY2026 guidance of 4.28–4.40 EPS, while analysts’ consensus is 3.67 EPS with a consensus target price of $92.88.

Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) CEO Ralph Larossa sold 2,083 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total value of $169,222.92. Following the completion of the sale, the chief executive officer owned 291,398 shares in the company, valued at $23,673,173.52. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Public Service Enterprise Group Price Performance

Public Service Enterprise Group stock traded up $0.56 during mid-day trading on Thursday, hitting $81.79. 1,808,206 shares of the company were exchanged, compared to its average volume of 3,004,767. The company has a market capitalization of $40.79 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. The business has a fifty day moving average of $82.81 and a 200 day moving average of $81.78. Public Service Enterprise Group Incorporated has a 1-year low of $74.67 and a 1-year high of $91.25. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 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 3.67 earnings per share for the current year.

Public Service Enterprise Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.67 per share. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Public Service Enterprise Group's payout ratio is currently 63.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PEG shares. UBS Group cut their target price on shares of Public Service Enterprise Group from $105.00 to $98.00 and set a "buy" rating for the company in a research note on Wednesday, December 17th. LADENBURG THALM/SH SH lowered Public Service Enterprise Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $87.50 to $84.50 in a research report on Friday, March 13th. Wall Street Zen cut Public Service Enterprise Group from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. Barclays boosted their price objective on Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 5th. Finally, Argus upgraded Public Service Enterprise Group to a "strong-buy" rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $92.88.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of large investors have recently modified their holdings of PEG. Vanguard Group Inc. increased its holdings in shares of Public Service Enterprise Group by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider's stock valued at $5,420,155,000 after purchasing an additional 2,189,951 shares in the last quarter. State Street Corp lifted its holdings in Public Service Enterprise Group by 2.8% during the 4th quarter. State Street Corp now owns 28,361,198 shares of the utilities provider's stock worth $2,277,404,000 after buying an additional 762,591 shares in the last quarter. Bank of America Corp DE boosted its position in Public Service Enterprise Group by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 17,773,378 shares of the utilities provider's stock valued at $1,483,366,000 after buying an additional 236,794 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Public Service Enterprise Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider's stock valued at $1,021,475,000 after buying an additional 114,351 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Public Service Enterprise Group by 8.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,657,207 shares of the utilities provider's stock valued at $722,546,000 after buying an additional 648,140 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

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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