Representative Julia Letlow (Republican-Louisiana) recently sold shares of Public Service Enterprise Group Incorporated (NYSE:PEG). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Public Service Enterprise Group stock on February 17th. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.
Representative Julia Letlow also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Travelers Companies (NYSE:TRV) on 2/20/2026.
- Sold $1,001 – $15,000 in shares of BXP (NYSE:BXP) on 2/20/2026.
- Sold $1,001 – $15,000 in shares of HF Sinclair (NYSE:DINO) on 2/20/2026.
- Purchased $1,001 – $15,000 in shares of Vistra (NYSE:VST) on 2/17/2026.
- Sold $1,001 – $15,000 in shares of Expand Energy (NASDAQ:EXE) on 2/17/2026.
- Sold $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/12/2026.
- Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 2/12/2026.
- Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 2/12/2026.
- Purchased $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 2/12/2026.
- Sold $1,001 – $15,000 in shares of Icon (NASDAQ:ICLR) on 2/12/2026.
Public Service Enterprise Group Stock Up 0.4%
NYSE:PEG opened at $80.13 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group Incorporated has a twelve month low of $74.67 and a twelve month high of $91.25. The company has a market cap of $39.97 billion, a PE ratio of 18.99, a P/E/G ratio of 2.60 and a beta of 0.60. The company’s 50 day moving average is $82.61 and its two-hundred day moving average is $81.80.
Public Service Enterprise Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.68 annualized dividend and a yield of 3.3%. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s payout ratio is presently 63.51%.
Analyst Ratings Changes
Several research firms have weighed in on PEG. Wall Street Zen downgraded Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. LADENBURG THALM/SH SH downgraded shares of Public Service Enterprise Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $87.50 to $84.50 in a research report on Friday, March 13th. Evercore raised Public Service Enterprise Group from an “in-line” rating to an “outperform” rating and set a $96.00 target price on the stock in a report on Thursday, March 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Monday, December 29th. Finally, Scotiabank reissued a “sector perform” rating and issued a $92.00 price target on shares of Public Service Enterprise Group in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Public Service Enterprise Group has an average rating of “Moderate Buy” and a consensus target price of $92.88.
Check Out Our Latest Analysis on Public Service Enterprise Group
Hedge Funds Weigh In On Public Service Enterprise Group
Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in Public Service Enterprise Group by 10.3% in the first quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock valued at $831,000 after purchasing an additional 940 shares during the period. Woodline Partners LP raised its stake in shares of Public Service Enterprise Group by 40.7% during the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after buying an additional 12,172 shares during the period. Savant Capital LLC lifted its position in shares of Public Service Enterprise Group by 7.5% during the 2nd quarter. Savant Capital LLC now owns 11,215 shares of the utilities provider’s stock valued at $944,000 after buying an additional 786 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at approximately $270,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Public Service Enterprise Group by 2,187.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 114,375 shares of the utilities provider’s stock valued at $9,628,000 after acquiring an additional 109,375 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.
Insider Buying and Selling at Public Service Enterprise Group
In related news, SVP Richard T. Thigpen sold 4,700 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $83.00, for a total value of $390,100.00. Following the completion of the sale, the senior vice president owned 28,481 shares of the company’s stock, valued at approximately $2,363,923. The trade was a 14.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total transaction of $174,263.78. Following the transaction, the chief executive officer directly owned 292,889 shares in the company, valued at approximately $24,503,093.74. The trade was a 0.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.19% of the stock is currently owned by insiders.
About Representative Letlow
Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.
Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.
Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.
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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