Kim Hanemann Sells Shares of Public Service Enterprise Group
PSE&G President and COO Kim Hanemann sold 3,035 shares in a planned transaction.
Key Points
- Kim Hanemann, President and COO of PSE&G, sold 3,035 shares of Public Service Enterprise Group at $82 per share, totaling $248,870, on June 24, 2026.
- Shares of NYSE:PEG traded near $83.58 on Sunday with a market cap of $41.65 billion and a P/E ratio of 18.49.
- Analysts have set a mean price target of $89.92 for Public Service Enterprise Group, with a recommendation to buy.
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Kim Hanemann, the President and COO of Public Service Enterprise Group Incorporated (NYSE: PEG), sold 3,035 shares of the company on June 24, 2026. The shares were sold at an average price of $82 each, totaling $248,870. This transaction was part of a planned sale.
Insider Buying and Selling at Public Service Enterprise Group Incorporated
On June 24, 2026, Kim Hanemann, President and COO of PSE&G, sold 3,035 shares as part of a planned transaction. Earlier in the month, on June 1, Chair, President and CEO Ralph LaRossa also sold 2,083 shares at $77.01 each. On May 1, insiders Laura Sugg, Scott Stephenson, Susan Tomasky, and Kenneth Tanji each purchased 2,246 shares at $80.15.
Public Service Enterprise Group Incorporated Stock Up 14.2%
Shares of Public Service Enterprise Group (NYSE: PEG) traded near $83.58 on Sunday. The company has a market capitalization of approximately $41.65 billion and a P/E ratio of 18.49. The stock's 52-week range is between $76.05 and $91.26, with a 50-day moving average of $79.38 and a 200-day moving average of $81.20. The company's debt-to-equity ratio stands at 141.01, with a current ratio of 0.97 and a quick ratio of 0.66.
$PEG stock price
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Analysts Set New Price Targets
Analyst activity around Public Service Enterprise Group has been active. On May 18, 2026, Truist Securities maintained a hold rating with a price target of $88. Wells Fargo maintained a buy rating on May 6, 2026, with a target of $97. Other firms, including Jefferies and BMO Capital, have also issued hold ratings with varying price targets. The consensus among 18 analysts is a buy recommendation, with an average target price of $89.92.
About Public Service Enterprise Group
Public Service Enterprise Group Incorporated (PSEG) operates in the utility sector, focusing on electric and gas services. Based in Newark, New Jersey, the company serves residential, commercial, and industrial customers through its PSE&G and PSEG Power segments. PSE&G transmits and distributes electricity and natural gas, while PSEG Power manages nuclear generation. Ralph A. LaRossa leads the company as CEO, overseeing a workforce of approximately 13,189 employees.
Bottom Line
Kim Hanemann's planned sale of shares in Public Service Enterprise Group is a routine insider transaction that investors track for insights into executive confidence. The company's stock remains a focus of analyst attention, with a consensus buy rating and a target price suggesting potential upside. As always, these insights are based on past filings and may not reflect current positions.
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