On October 1, 2024, Ralph Larossa, Chair, President and Chief Executive Officer of Public Service Enterprise Group Inc (PEG, Financial), sold 1,378 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 147,514.3733 shares of the company.
Public Service Enterprise Group Inc (PEG, Financial) is a diversified energy company. Its subsidiaries and operations are primarily located in the Northeastern and Mid-Atlantic United States, focusing on the production and distribution of electricity and natural gas.
Over the past year, Ralph Larossa has sold a total of 17,873 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 21 insider sells and no insider buys over the last year.
Shares of Public Service Enterprise Group Inc were priced at $90.2 on the day of the sale. The company's market cap is approximately $45.33 billion. The price-earnings ratio stands at 27.64, which is above both the industry median of 15.6 and the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $66.94, making the current price-to-GF-Value ratio 1.35. This suggests that the stock is significantly overvalued.
The valuation metrics and insider trading trends provide a comprehensive view of the current status of Public Service Enterprise Group Inc, reflecting its market position and perceived value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
