On August 15, 2024, Tamara Linde, Executive Vice President and General Counsel, sold 19,127 shares of Public Service Enterprise Group Inc (NYSE:PEG), as reported in a recent SEC filing. Following this transaction, the insider now owns 67,524,435 shares of the company.
Public Service Enterprise Group Inc., commonly known as PSEG, is a diversified energy company. Its operations primarily extend to the Northeast and Mid-Atlantic regions of the United States. PSEG is involved in the generation, transmission, and distribution of electricity, as well as the distribution of natural gas to residential, commercial, and industrial customers.
In the last year, Tamara Linde has sold a total of 19,127 shares and bought no shares. This latest transaction reflects a continuation of the insider’s selling trend.
Public Service Enterprise Group Inc.’s insider transaction history shows a total of 19 insider sales over the past year, while no insider purchases were recorded during the same period.
Public Service Enterprise Group Inc. shares were trading at $80.26 on the day of the transaction. The company has a market capitalization of approximately $40.20 billion. The price-to-earnings ratio is 24.52, which is higher than both the industry median of 15.04 and the company’s historical median.
According to GF Value, the estimated intrinsic value of Public Service Enterprise Group Inc. is $66.37, making the stock slightly overvalued with a price-to-value ratio of 1.21.
The GF value is calculated based on historical multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, together with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ estimates of future business performance.
This insider sale may be of interest to current and prospective investors as it provides insight into insider confidence and stock valuation perceptions at Public Service Enterprise Group Inc.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
