14,012 Shares in Public Service Enterprise Group Incorporated $PEG Acquired by Hilltop National Bank

Hilltop National Bank purchased a new position in Public Service Enterprise Group Incorporated (NYSE:PEG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,012 shares of the utilities provider’s stock, valued at approximately $1,180,000.

A number of other hedge funds have also bought and sold shares of PEG. Headlands Technologies LLC purchased a new position in Public Service Enterprise Group in the 1st quarter valued at approximately $32,000. Wealth Preservation Advisors LLC purchased a new position in Public Service Enterprise Group in the 1st quarter valued at approximately $33,000. Marshall & Sullivan Inc. WA purchased a new position in Public Service Enterprise Group in the 2nd quarter valued at approximately $33,000. Zions Bancorporation National Association UT purchased a new position in Public Service Enterprise Group in the 1st quarter valued at approximately $50,000. Finally, Sound Income Strategies LLC grew its stake in Public Service Enterprise Group by 105.9% in the 1st quarter. Sound Income Strategies LLC now owns 702 shares of the utilities provider’s stock valued at $58,000 after buying an additional 361 shares in the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock opened at $81.51 on Friday. The company has a market capitalization of $40.68 billion, a PE ratio of 20.58, a P/E/G ratio of 2.87 and a beta of 0.53. The firm has a fifty day simple moving average of $84.03 and a two-hundred day simple moving average of $82.23. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. Public Service Enterprise Group Incorporated has a twelve month low of $74.67 and a twelve month high of $95.22.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.49 billion. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. Research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 9th. Public Service Enterprise Group’s dividend payout ratio is 63.64%.

Analysts Set New Price Targets

PEG has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. BMO Capital Markets boosted their price target on shares of Public Service Enterprise Group from $84.00 to $89.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. UBS Group boosted their price target on shares of Public Service Enterprise Group from $97.00 to $103.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Barclays reduced their price target on shares of Public Service Enterprise Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.85.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.