Public Service Enterprise Group Incorporated $PEG Stock: Sumitomo Mitsui Trust Group Inc. Reduces Position

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,040,294 shares of the utilities provider’s stock after selling 37,140 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Public Service Enterprise Group worth $70,053,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Public Service Enterprise Group in the second quarter valued at approximately $4,366,570,000. State Street Corp increased its holdings in Public Service Enterprise Group by 1.4% in the second quarter. State Street Corp now owns 29,481,434 shares of the utilities provider’s stock valued at $2,392,713,000 after buying an additional 399,191 shares in the last quarter. Bank of America Corp DE acquired a new position in Public Service Enterprise Group in the 2nd quarter worth about $1,207,400,000. Legal & General Group Plc acquired a new position in shares of Public Service Enterprise Group during the 2nd quarter worth approximately $554,994,000. Finally, Amundi increased its holdings in Public Service Enterprise Group by 71.6% in the 2nd quarter. Amundi now owns 3,962,317 shares of the utilities provider’s stock worth $321,580,000 after acquiring an additional 1,653,832 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Argus dropped their price target on 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. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. BTIG Research lowered their price objective on Public Service Enterprise Group from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Scotiabank reduced their price target on shares of Public Service Enterprise Group from $92.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 30th. Finally, BMO Capital Markets dropped their price objective on Public Service Enterprise Group from $79.00 to $77.00 and set a “market perform” rating for the company in a research note on Thursday, October 22nd. Eight investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.63.

Insider Buying and Selling

In related news, CEO Ralph LaRossa sold 2,083 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $73.60, for a total value of $153,308.80. Following the completion of the transaction, the chief executive officer directly owned 276,487 shares of the company’s stock, valued at $20,349,443.20. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard Thigpen sold 8,000 shares of the 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 $1,563,523.20. This represents a 27.61% decrease in their ownership of the stock. 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 ninety days. 0.19% of the stock is currently owned by corporate insiders.

More Public Service Enterprise Group News

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

• Positive Sentiment: PSEG maintained its 2026 non-GAAP operating earnings guidance of $4.28–$4.40 per share, broadly in line with the $4.38 consensus estimate. Management also outlined a five-year regulated capital investment plan of $22.5 billion–$25.5 billion, supporting potential longer-term growth. Article: Public Service Enterprise: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Wells Fargo lowered its price target to $87 from $89 but kept an Overweight rating, indicating it still sees substantial potential upside. Article: Wells Fargo analyst update
• Neutral Sentiment: CEO Ralph LaRossa sold 2,083 shares under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 0.75%, making it a relatively small transaction that was scheduled in advance. SEC filing
• Neutral Sentiment: Ladenburg Thalmann cut its price target to $75.50 from $80.50 and assigned a Neutral rating, reflecting a more cautious view. Article: Ladenburg Thalmann analyst update
• Negative Sentiment: Third-quarter non-GAAP operating earnings were $1.15 per share, below analyst estimates of roughly $1.19–$1.21. Revenue of $3.02 billion also missed the $3.19 billion estimate and declined 6.4% year over year, weighing on the results despite earnings being slightly above the prior-year quarter’s $1.13 per share. Article: PSEG misses Q3 earnings and revenue estimates

Public Service Enterprise Group Trading Down 2.3%

NYSE PEG opened at $72.65 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.88 and a debt-to-equity ratio of 1.31. Public Service Enterprise Group Incorporated has a 52 week low of $66.15 and a 52 week high of $87.63. The stock has a market capitalization of $36.21 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.55 and a beta of 0.48. The firm has a 50 day moving average of $71.22 and a two-hundred day moving average of $77.99.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings data on Monday, November 2nd. The utilities provider reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.19 billion. Public Service Enterprise Group had a net margin of 14.31% and a return on equity of 12.43%. Public Service Enterprise Group’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 earnings per share. As a group, research analysts expect that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group 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.