Richard T. Thigpen, who serves as Senior Vice President for Corporate Citizenship at Public Service Enterprise Group (NYSE: PEG), completed a sale of 4,700 shares of common stock on March 3, 2026. The shares were sold at $83.0 each, producing total gross proceeds of $390,100.
The trade took place close to the company’s then-current share price of $83.91, and the stock has gained 4.5% year-to-date. After reporting the sale, Thigpen is recorded as directly owning 28,480.577 shares of Public Service Enterprise Group.
Public Service Enterprise Group is a $41.86 billion utility. The company pays a dividend that yields 3.19% and, according to InvestingPro data, has a consecutive dividend payment streak spanning 56 years. The InvestingPro platform additionally indicates that PEG appears overvalued on its Fair Value analysis.
On the operational and analyst front, PSEG announced its fourth-quarter and full-year 2025 results, reporting earnings per share of $0.72 for the quarter and revenue that slightly exceeded expectations. Those results were characterized as aligning with analysts’ projections, signaling a stable quarter.
Following the results, Scotiabank adjusted its price target for PSEG shares to $92, an increase from $91, while keeping a Sector Perform rating on the stock. Scotiabank’s updated forecast expects PSEG’s earnings per share growth to be about 7.33% going forward, a rate that exceeds the peer average of roughly 6.5% and sits within PSEG’s revised growth range of 6% to 8%.
For investors seeking detailed valuation context, the InvestingPro platform notes PEG’s Fair Value assessment and offers a Pro Research Report for this company and more than 1,400 other U.S. equities.
This account presents transaction specifics, company financial metrics and an analyst update to give investors a concise view of recent insider activity and where it sits alongside corporate results and valuation commentary.