US stock futures flat after Wall St drops on Trump tariffs, soft jobs data
Scott G. Stephenson, a director at Public Service Enterprise Group Inc. (NYSE:PEG), recently reported a sale of company stock. On January 17, 2025, Stephenson sold 139 shares of common stock at a price of $88.26 per share, totaling $12,268. Following this transaction, he no longer holds any shares directly or indirectly through a limited liability company, as noted in the filing. The sale occurred as PEG, currently valued at $41.6 billion, trades near $83.51. According to InvestingPro analysis, the company has maintained dividend payments for 54 consecutive years, with a current yield of 2.87%.
In a separate transaction dated March 23, 2020, Stephenson acquired 75 shares at $36.87 per share, with a total transaction value of $2,765. These shares are held indirectly by a revocable trust. It’s important to note that Stephenson disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, as stated in the filing. InvestingPro data reveals the stock has delivered a 47.79% return over the past year, though analysts expect net income to decline this year. For deeper insights into PEG’s valuation and financial health metrics, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Public Service Enterprise Group Inc. (PSEG) has been a subject of interest in the financial world. The company’s stock price target was recently adjusted by Jefferies, reducing it from $84 to $83, while maintaining a Hold rating. This decision was influenced by Jefferies’ analysis of PSEG’s risk/reward balance, which they found less attractive compared to other companies in the integrated utility and power sector. Jefferies’ valuation of PSEG assumes a significant portion of its portfolio and a potentially optimistic power price scenario.
In addition to the adjustment by Jefferies, PSEG has made amendments to its executive compensation plans. The changes, effective immediately, aim to update the Key Executive Severance Plan (KESP) and the Deferred Compensation Plan (DCP). The KESP has been expanded to include additional Section 16 Officer positions, and the DCP now offers equivalent benefits for employees who select the Core Contribution/401(k) Program option. These amendments are part of PSEG’s regular review of its compensation strategies to ensure alignment with the company’s objectives. These are the latest developments in the company’s ongoing operations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.