Public Service Enterprise (PEG) COO Hanemann Sells $249K of Stock

Kim Hanemann, the President and COO of PSE&G, recently sold 3,035 shares of PEG on June 24, 2026. The transaction was part of a planned sale under Rule 10b5-1, with shares sold at an average price of $82, amounting to a total value of $248,870.

Other Institutional Activity in PEG

BlackRock, Inc. increased its holdings in PEG by 2,313,513 shares, bringing its total to 51,898,594 shares valued at approximately $4.2 billion, marking a 4.7% increase. Vanguard Capital Management LLC initiated a new position with 32,424,594 shares worth about $2.62 billion. Similarly, Vanguard Portfolio Management LLC also opened a new position, acquiring 30,252,193 shares valued at around $2.45 billion. State Street Corp added 721,045 shares, now holding 29,082,243 shares valued at $2.35 billion, a 2.5% increase. Conversely, Bank of America Corp reduced its stake by 2,882,600 shares, now holding 14,249,114 shares worth approximately $1.15 billion, a decrease of 16.8%.

Public Service Enterprise Group Incorporated Stock Up 19.8%

Shares of PEG traded near $83.58 on Saturday. Institutional investors like BlackRock and Vanguard have substantial stakes in the company, highlighting its importance in their portfolios. The stock's recent movements reflect ongoing interest from major financial institutions.

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 at $82 each, totaling $248,870 in a planned transaction under Rule 10b5-1. Earlier, on June 1, 2026, Ralph LaRossa, Chair, President, and CEO, sold 2,083 shares at $77.01 per share. Meanwhile, on May 1, 2026, insiders Laura Sugg, Scott Stephenson, Susan Tomasky, and Kenneth Tanji each bought 2,246 shares at $80.15 per share.

Analysts Set New Price Targets

Truist Securities maintained its hold rating on PEG with an $88 price target on May 18, 2026. Wells Fargo also maintained a buy rating with a $97 price target on May 6, 2026. The consensus among analysts suggests a hold rating with a target mean price around the mid-$80s, with numerous firms maintaining their ratings over the past few months.

Bottom Line

Kim Hanemann's sale of PEG shares is part of a planned transaction, reflecting routine insider activity. Institutional investors continue to show strong interest in PEG, with significant stake increases by major funds. Analysts have maintained their ratings, indicating a stable outlook for the stock. As always, it's important to remember that 13F filings and insider transactions are backward-looking and may not represent the current position.