Mirae Asset Global Investments Co. Ltd. Makes New $8.46 Million Investment in Public Service Enterprise Group Incorporated $PEG

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 125,707 shares of the utilities provider’s stock, valued at approximately $8,465,000.

A number of other hedge funds have also modified their holdings of the stock. Community Financial Services Group LLC acquired a new stake in shares of Public Service Enterprise Group during the second quarter worth $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Public Service Enterprise Group during the second quarter valued at $26,000. Elevation Wealth Partners LLC lifted its holdings in shares of Public Service Enterprise Group by 240.6% during the second quarter. Elevation Wealth Partners LLC now owns 344 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 243 shares during the last quarter. Aberdeen Wealth Management LLC acquired a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $32,000. Finally, James T. Borello RIA acquired a new position in shares of Public Service Enterprise Group in the 3rd quarter valued at $27,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Key Public Service Enterprise Group News

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

• Positive Sentiment: PSEG maintained its 2026 operating earnings guidance of $4.28–$4.40 per share, broadly matching the $4.38 consensus. Its planned $22.5 billion–$25.5 billion in regulated capital investment over five years also supports longer-term growth prospects. Article: Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Wells Fargo trimmed its price target to $87 from $89 but retained an Overweight rating, signaling continued confidence in the shares’ potential. Article: Wells Fargo analyst update
• Neutral Sentiment: CEO Ralph LaRossa sold 2,083 shares under a pre-arranged Rule 10b5-1 plan. The sale was a small portion of his holdings, which remain substantial. SEC filing
• Negative Sentiment: Third-quarter EPS of $1.15 missed the $1.19 consensus, while revenue of $3.02 billion came in below the $3.19 billion estimate and fell 6.4% year over year. These results may temper investor enthusiasm despite earnings being slightly higher than a year earlier. Article: PSEG misses Q3 earnings and revenue estimates
• Negative Sentiment: Ladenburg Thalmann lowered its price target to $75.50 from $80.50 and assigned a Neutral rating, reflecting a more cautious outlook and limited implied upside. Article: Ladenburg Thalmann analyst update

Public Service Enterprise Group Stock Up 0.7%

NYSE:PEG opened at $73.34 on Thursday. The business’s fifty day moving average price is $71.22 and its 200 day moving average price is $77.96. The firm has a market capitalization of $36.56 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.50 and a beta of 0.48. The company has a current ratio of 1.01, a quick ratio of 0.67 and a debt-to-equity ratio of 1.39. Public Service Enterprise Group Incorporated has a 1-year low of $66.15 and a 1-year high of $87.63.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Monday, November 2nd. The utilities provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Public Service Enterprise Group had a return on equity of 12.40% and a net margin of 14.31%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the previous year, the business posted $1.13 earnings per share. The company’s revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $73.60, for a total transaction of $153,308.80. Following the transaction, the chief executive officer directly owned 276,487 shares of the company’s stock, valued at approximately $20,349,443.20. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the transaction, the senior vice president owned 20,970 shares in the company, valued at approximately $1,563,523.20. This represents a 27.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,166 shares of company stock valued at $890,350 over the last three months. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

PEG has been the topic of a number of analyst reports. Bank of America dropped their price target on Public Service Enterprise Group from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Jefferies Financial Group dropped their target price on shares of Public Service Enterprise Group from $73.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Truist Financial cut their price target on shares of Public Service Enterprise Group from $84.00 to $78.00 and set a “hold” rating on the stock in a report on Thursday, October 15th. Argus reduced their price target on shares of Public Service Enterprise Group from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Finally, Royal Bank Of Canada decreased their price objective on shares of Public Service Enterprise Group from $81.00 to $76.00 in a research note on Monday, October 26th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.32.

Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (NYSE: PEG), commonly known as PSEG, is an energy company headquartered in Newark, New Jersey. Through its subsidiaries, the company is primarily involved in electric and natural gas utility operations, power generation, and related energy services.

Public Service Electric & Gas Company (PSE&G), PSEG’s principal utility subsidiary, serves residential, commercial, and industrial customers throughout New Jersey. Its activities include the transmission and distribution of electricity, the distribution of natural gas, energy-efficiency programs, and infrastructure modernization.