PEG at a glance
Public Service Enterprise Group (PEG, SEC CIK 788784) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 4, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Public Service Enterprise Group (PEG) reported revenue of $12.2 billion (up 18.3% from FY2024) and net income of $2.1 billion. Diluted EPS was $4.22.
- As of June 30, 2026, 47 institutional investment managers tracked by SignalX reported holding Public Service Enterprise Group (PEG) shares worth $17.4 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by LaRossa Ralph A on October 1, 2026 of 2,083 shares at $67.48 per share.
- In the last 90 days, PEG insiders reported 0 open-market purchases ($0) and 4 open-market sales ($1.0M) on Form 4, a net sale of $1.0M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $12.2B
- +18.3% vs prior year
- Insiders · 90 days
- 0 buys · 4 sells
- Net −$1.0M
- 13F holders
- 47 funds
- $17.4B · +0 vs prior quarter
- Latest 8-K
- Aug 4, 2026
- Item 7.01 · Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- FERC proposed elimination of PSE&G's 50 basis point RTO membership adder, reducing annual net income and cash inflows ~$40M
- PJM resource adequacy crisis driven by data center/EV demand surge triggering capacity price spikes and BPU rate affordability scrutiny
- Nuclear fuel fabrication single-source dependency: each plant contracted with one fabrication provider; switching takes extended period
- IRA nuclear PTC (up to $15/MWh through 2032) at risk from potential IRA amendment or pending U.S. Treasury gross receipts guidance
- Long-lived assets ~73% of PSEG total assets and ~80% of PSE&G total assets, creating significant impairment exposure from regulatory disallowances
Business Overview
- NJ regulated utility + nuclear generation holding company; earns margins via T&D tariffs and wholesale nuclear energy/capacity sales
- PSEG did not record any PTCs in 2025 as nuclear gross receipts exceeded IRA eligibility threshold; PTC still provides downside price protection
- 5-year LIPA OSA extension approved 2025; litigation from competing bidder dismissed by NY Supreme Court, appeal filed Jan 2026
- PJM capacity auction cleared at $333.44/MW-day price cap in Dec 2025; PJM fell 6,625 MW short of reliability requirement: first-ever shortfall
- $2.9B CEF-EE II program launched 2025; GSMP III ($1.4B, 3-year) approved 2025 starting 2026 to replace 600+ miles of cast iron gas mains
Management Discussion & Analysis
- PSEG net income $2,111M vs $1,772M in 2024 (+$339M YoY); diluted EPS $4.22 vs $3.54; total operating revenues $12,168M vs $10,290M (+$1,878M)
- PSE&G segment net income $1,745M vs $1,547M; revenue +$1,109M driven by 2024 rate case settlement, higher T&D clause revenues, and commodity pass-throughs
- PSEG Power & Other revenue +$915M YoY to $3,722M; generation revenues +$493M on higher energy/capacity prices; no PTCs recorded in 2025 vs benefit in 2024, creating $356M income tax headwind
- PSE&G operating cash flow $2,368M vs $1,725M (+$643M); dividends $1,258M ($2.52/share) vs $1,196M; PSE&G capex $2,731M in 2025; $4,640M–$4,835M projected annually 2026–2028
- Capital program $22.5B–$25.5B for 2026–2030; regulated rate base grew ~$34B to ~$36B; key risks include PTC guidance uncertainty, PJM capacity market volatility, federal tariffs, and rising bad debt from summer shutoff moratorium
AI summary of the PEG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- New Jersey RTO legislation, effective January 1, 2027, could eliminate PSE&G’s 50-basis-point ROE adder and reduce annual net income and cash inflows approximately $40 million
- FERC large-load proceeding could require PJM tariff changes addressing data-center interconnection, cost shifting, transmission-cost transparency, and co-location
- PJM proposed Reliability Backstop Procurement for a 6.8 GW 2028/2029 shortfall, potentially imposing 15-year generation commitments on load-serving entities
- BPU’s energy-efficiency extension changes budgets, performance ROE, and foregone-revenue recovery, with utility petitions due September 30, 2026
- New Jersey’s Data Center Fair Share Act requires separate rate classes and full infrastructure-cost recovery from qualifying large data centers
AI summary of the PEG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- Q2 net income fell to $334M from $585M, primarily reflecting unfavorable mark-to-market impacts and nuclear trust activity
- Non-GAAP operating earnings increased 11% to $425M, or $0.86 per share, versus $384M and $0.77 previously
Item 7.01: Regulation FD Disclosure
- PSEG’s August 4, 2026 earnings call covered the three and six months ended June 30, 2026
- Investor-relevant operating and financial details are contained in the Exhibit 99.1 slideshow presentation
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half 2026 results announced for periods ended June 30, 2026
- Earnings release furnished as Exhibit 99, containing the financial details investors need to assess performance
Item 7.01: Regulation FD Disclosure
- PSEG and PSE&G to post updated investor materials on July 1, 2026
- Materials available through PSEG’s Investor Relations website
Item 8.01: Other Events
- $500 million senior notes issued June 3, 2026 at 4.800% interest, maturing in 2031
- Public offering expands PSEG’s long-term debt and creates fixed annual interest obligations
AI summaries of PEG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PEG
Don't miss the next PEG filing
- Alerts as it files. A push when PEG files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut PEG, by share count.
- Ask anything. An AI agent that reads every PEG filing and answers with sources.
PEG alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| LaRossa Ralph A | Sell | Oct 1, 2026 | 2,083 | $67.48 |
| Park Grace H | F | Sep 16, 2026 | 136 | $70.54 |
| LaRossa Ralph A | Sell | Sep 1, 2026 | 2,083 | $73.46 |
| Thigpen Richard T | Sell | Aug 11, 2026 | 8,000 | $74.56 |
| LaRossa Ralph A | Sell | Aug 3, 2026 | 2,083 | $76.47 |
| LaRossa Ralph A | Sell | Jul 1, 2026 | 2,083 | $80.51 |
| Hanemann Kim C | Sell | Jun 24, 2026 | 3,035 | $82.00 |
| LaRossa Ralph A | Sell | Jun 1, 2026 | 2,083 | $77.01 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $10.3B | $12.2B |
| Operating Income | $3.7B | $2.4B | $3.0B |
| Net Income | $2.6B | $1.8B | $2.1B |
| Op. Margin | - | 22.9% | 24.5% |
| Net Margin | - | 17.2% | 17.3% |
| Balance Sheet | |||
| Total Assets | - | $54.6B | $57.6B |
| Equity | - | $16.1B | $17.0B |
| ROE | - | 11.0% | 12.4% |
| Per Share | |||
| EPS | - | $3.54 | $4.22 |
| Cash Flow | |||
| Operating CF | $3.8B | $2.1B | $3.3B |
| CapEx | $3.3B | $3.4B | $3.3B |
Source: XBRL data in Public Service Enterprise Group (PEG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PEG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 47 | $17.45B |
| Q1 2026 | 47 | $16.74B |
| Q4 2025 | 44 | $17.09B |
| Q3 2025 | 45 | $19.17B |
| Q2 2025 | 44 | $18.81B |
| Q1 2025 | 42 | $13.90B |
| Q4 2024 | 37 | $11.02B |
| Q3 2024 | 31 | $5.35B |
- Citadel Advisors LLC+3.42M (+340%)
- AQR Capital Management+2.32M (+426%)
- BlackRock+1.90M (+4%)
- Morgan Stanley+791.0K (+12%)
- Bank of America Corp+627.7K (+4%)
- Ameriprise Financial−1.74M (-36%)
- Millennium Management−774.2K (-96%)
- JPMorgan Chase & Co−238.2K (-8%)
- D.E. Shaw & Co−215.1K (-30%)
- BNY Mellon−104.5K (-4%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 337 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PEG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 4, 2026 | - | - | - |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 4 | Jun 26, 2026 | - | - | - |
| 8-K | Jun 3, 2026 | - | Analysis | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | May 5, 2026 | - | - | - |
| 4 | May 5, 2026 | - | - | - |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 4 | May 5, 2026 | - | - | - |
| 4 | May 5, 2026 | - | - | - |
| 4 | May 5, 2026 | - | - | - |
| 4 | May 5, 2026 | - | - | - |
| 4 | May 5, 2026 | - | - | - |
| 4 | May 5, 2026 | - | - | - |
| 4 | May 5, 2026 | - | - | - |
| 4 | May 5, 2026 | - | - | - |
| 8-K | May 5, 2026 | - | Analysis | - |
| 4 | May 5, 2026 | - | - | - |
Related Utilities companies
- LNT · Alliant EnergyElectric & Other Services Combined
- AEE · AmerenElectric & Other Services Combined
- AVA · AVISTA CORPElectric & Other Services Combined
- CMS · CMS EnergyElectric & Other Services Combined
- ED · Consolidated EdisonElectric & Other Services Combined
- DUK · Duke EnergyElectric & Other Services Combined
- EVRG · EvergyElectric & Other Services Combined
- EXC · ExelonElectric & Other Services Combined
PEG SEC filings: frequently asked questions
Are PEG insiders buying or selling?
In the last 90 days, Public Service Enterprise Group (PEG) officers, directors and 10% owners reported no open-market purchases and 4 open-market sales worth $1.0 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PEG stock?
As of June 30, 2026, the largest Public Service Enterprise Group (PEG) holders among the 13F filers tracked by SignalX were BlackRock ($4.4 billion), Vanguard Capital Management LLC ($2.6 billion), Vanguard Portfolio Management LLC ($2.5 billion), State Street Corp ($2.4 billion), Bank of America Corp ($1.2 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PEG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Public Service Enterprise Group (PEG) reported revenue of $12.2 billion (up 18.3% from FY2024) and net income of $2.1 billion. Diluted EPS was $4.22. The figures come from the XBRL data in the 10-K.
What are the main risks in PEG's latest 10-K?
In the 10-K filed February 26, 2026, Public Service Enterprise Group (PEG) flagged: FERC proposed elimination of PSE&G's 50 basis point RTO membership adder, reducing annual net income and cash inflows ~$40M. PJM resource adequacy crisis driven by data center/EV demand surge triggering capacity price spikes and BPU rate affordability scrutiny. (AI summary of the Risk Factors section.)
What did PEG report in its latest 8-K?
Public Service Enterprise Group (PEG) filed an 8-K on August 4, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 2.02 (Results of Operations and Financial Condition). Q2 net income fell to $334M from $585M, primarily reflecting unfavorable mark-to-market impacts and nuclear trust activity.
What are the latest PEG SEC filings?
Public Service Enterprise Group (PEG) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 4, 2026 and a Form 4 insider filing on October 2, 2026.
What is PEG's SEC CIK number?
Public Service Enterprise Group (PEG)'s SEC Central Index Key (CIK) is 788784. EDGAR lists every PEG filing under that number.
Ask anything about PEG
The research agent reads PEG's filings, financials, insider trades and 13F holders, then answers with sources.