Insider Selling: Public Service Enterprise Group (NYSE:PEG) CEO Sells $174,263.78 in Stock

Public Service Enterprise Group Incorporated (NYSE:PEG) CEO Ralph Larossa sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $83.66, for a total transaction of $174,263.78. Following the sale, the chief executive officer owned 292,889 shares of the company’s stock, valued at $24,503,093.74. This represents a 0.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Public Service Enterprise Group Stock Down 0.6%

PEG stock opened at $83.41 on Monday. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $91.25. The firm has a market cap of $41.60 billion, a PE ratio of 19.77, a PEG ratio of 2.71 and a beta of 0.60. The firm’s 50 day moving average price is $81.82 and its 200-day moving average price is $81.78. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.60 and a current ratio of 0.80.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.68 billion. Public Service Enterprise Group had a return on equity of 12.11% and a net margin of 17.35%.The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.67 per share. The ex-dividend date is Tuesday, March 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 59.72%.

Trending Headlines about Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: Analysts raised earnings and targets — Scotiabank increased its FY2026 and FY2027 EPS forecasts for PEG (to $4.37 and $4.68 respectively) and set a $92 target, reflecting stronger expected earnings from regulated operations. This signals upward revisions to fundamentals that can support the stock.
• Positive Sentiment: Broker upgrades lift sentiment — Evercore upgraded PSEG from in-line to outperform and set a $96 price target, giving the stock a notable upside case that may attract buyers. Finviz
• Positive Sentiment: Price-target increases from other shops — Barclays raised its target to $89 while keeping an equal-weight rating, and other brokers have recently raised targets or reaffirmed buys, supporting a consensus near ~$92 that underpins valuation expectations. Tickerreport
• Positive Sentiment: Fundamentals and shareholder returns — PEG recently reported a modest earnings beat and gave FY2026 EPS guidance (~$4.28–4.40). The company also raised its quarterly dividend to $0.67, improving yield and income appeal for dividend-focused investors.
• Neutral Sentiment: Institutional flows remain large — Vanguard, State Street and others increased stakes in PEG during recent quarters, signaling continued institutional allocation but not an immediate directional catalyst.
• Negative Sentiment: High-profile caution from Jim Cramer — On-air, Jim Cramer advised listeners not to buy PEG, a headline that can sway retail sentiment and increase short-term selling pressure. Jim Cramer on PEG
• Negative Sentiment: Insider selling — SVP Richard Thigpen sold 4,700 shares (~$390k) in early March; while not massive, insider sales can be viewed negatively by investors focused on insider alignment. SEC filing: SEC Filing

Analyst Ratings Changes

Several analysts recently issued reports on PEG shares. LADENBURG THALM/SH SH upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and set a $87.50 price objective on the stock in a report on Wednesday, January 7th. Wells Fargo & Company increased their target price on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Barclays lifted their price target on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday. Argus upgraded shares of Public Service Enterprise Group to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.73.

Hedge Funds Weigh In On Public Service Enterprise Group

A number of hedge funds and other institutional investors have recently bought and sold shares of PEG. Norges Bank acquired a new position in Public Service Enterprise Group in the 4th quarter valued at about $552,280,000. Bank of America Corp DE lifted its position in shares of Public Service Enterprise Group by 24.7% during the second quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock worth $1,476,230,000 after purchasing an additional 3,469,886 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Public Service Enterprise Group by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider’s stock worth $5,420,155,000 after purchasing an additional 2,189,951 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Public Service Enterprise Group by 174.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,810,761 shares of the utilities provider’s stock valued at $225,704,000 after purchasing an additional 1,788,449 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Public Service Enterprise Group by 27.8% in the second quarter. Invesco Ltd. now owns 6,473,897 shares of the utilities provider’s stock valued at $544,973,000 after purchasing an additional 1,408,707 shares during the period. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

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.