Public Service Enterprise Group Target of Unusually High Options Trading (NYSE:PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) was the recipient of some unusual options trading activity on Monday. Stock traders bought 2,953 put options on the stock. This represents an increase of approximately 481% compared to the average daily volume of 508 put options.

Insiders Place Their Bets

In related news, COO Kim C. Hanemann sold 3,035 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $82.00, for a total transaction of $248,870.00. Following the completion of the sale, the chief operating officer owned 98,815 shares in the company, valued at $8,102,830. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $80.51, for a total transaction of $167,702.33. Following the transaction, the chief executive officer directly owned 285,149 shares in the company, valued at $22,957,345.99. The trade was a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 9,284 shares of company stock valued at $746,145. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Public Service Enterprise Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trilogy Capital Inc. boosted its position in shares of Public Service Enterprise Group by 5.2% during the 2nd quarter. Trilogy Capital Inc. now owns 40,411 shares of the utilities provider’s stock worth $3,280,000 after purchasing an additional 2,002 shares in the last quarter. CX Institutional increased its holdings in shares of Public Service Enterprise Group by 13.1% in the 2nd quarter. CX Institutional now owns 3,996 shares of the utilities provider’s stock valued at $324,000 after purchasing an additional 462 shares in the last quarter. Roxbury Financial LLC increased its holdings in shares of Public Service Enterprise Group by 388.8% in the 2nd quarter. Roxbury Financial LLC now owns 1,090 shares of the utilities provider’s stock valued at $88,000 after purchasing an additional 867 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Public Service Enterprise Group in the first quarter valued at about $162,000. Finally, DV Trading LLC acquired a new stake in shares of Public Service Enterprise Group in the first quarter valued at about $243,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Analyst Upgrades and Downgrades

PEG has been the topic of several recent research reports. BMO Capital Markets boosted their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research report on Monday, April 13th. Royal Bank Of Canada started coverage on Public Service Enterprise Group in a research note on Thursday. They issued a “sector perform” rating and a $81.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Public Service Enterprise Group from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group cut Public Service Enterprise Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $90.00 to $89.00 in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.32.

Public Service Enterprise Group Stock Performance

NYSE:PEG traded down $0.55 during mid-day trading on Monday, reaching $81.07. The stock had a trading volume of 424,066 shares, compared to its average volume of 2,913,961. Public Service Enterprise Group has a twelve month low of $76.05 and a twelve month high of $91.25. The business has a 50 day simple moving average of $79.48 and a 200 day simple moving average of $80.90. The firm has a market capitalization of $40.40 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 3.07 and a beta of 0.51. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.11. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Public Service Enterprise Group had a return on equity of 12.30% and a net margin of 17.69%.The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, analysts expect that Public Service Enterprise Group will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 9th. Public Service Enterprise Group’s dividend payout ratio is currently 59.29%.

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.