On September 9, 2024, Tamara Linde, Executive Vice President and General Counsel, sold 9,563 shares of Public Service Enterprise Group Inc (PEG, Financial). The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 57,961.435 shares of the company.
Public Service Enterprise Group Inc, commonly known as PSEG, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It is engaged in the generation, transmission, and distribution of electricity and natural gas to residential, commercial, and industrial customers.
Over the past year, Tamara Linde has sold a total of 28,690 shares and has not purchased any shares. This recent sale is part of a broader trend within the company, where there have been 21 insider sells and no insider buys over the past year.
On the day of the sale, shares of Public Service Enterprise Group Inc were trading at $79.54. This pricing gives the company a market cap of approximately $40.18 billion. The price-earnings ratio of the company stands at 24.50, which is above both the industry median of 14.645 and the company's historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Public Service Enterprise Group Inc has a GF Value of $66.71. With the current price of $79.54, the stock has a price-to-GF-Value ratio of 1.19, indicating that it is Modestly Overvalued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and company valuation metrics such as the price-to-free cash flow, price-book ratio, and price-sales ratio.
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.
