International Assets Investment Management LLC Sells 202 Shares of Public Service Enterprise Group Incorporated $PEG

International Assets Investment Management LLC lowered its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,994 shares of the utilities provider’s stock after selling 202 shares during the quarter. International Assets Investment Management LLC’s holdings in Public Service Enterprise Group were worth $420,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Public Service Enterprise Group by 4.1% in the 1st quarter. GAMMA Investing LLC now owns 7,131 shares of the utilities provider’s stock worth $587,000 after purchasing an additional 279 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Public Service Enterprise Group by 4.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 90,126 shares of the utilities provider’s stock worth $7,417,000 after acquiring an additional 3,601 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Public Service Enterprise Group by 0.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 67,260 shares of the utilities provider’s stock worth $5,536,000 after acquiring an additional 349 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Public Service Enterprise Group by 10.7% during the first quarter. Asset Management One Co. Ltd. now owns 339,197 shares of the utilities provider’s stock valued at $27,916,000 after purchasing an additional 32,697 shares in the last quarter. Finally, Golden State Equity Partners lifted its holdings in shares of Public Service Enterprise Group by 6.7% during the first quarter. Golden State Equity Partners now owns 9,426 shares of the utilities provider’s stock valued at $776,000 after purchasing an additional 590 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on PEG shares. BTIG Research started coverage on Public Service Enterprise Group in a research report on Wednesday. They issued a “buy” rating and a $98.00 price target for the company. BMO Capital Markets dropped their price target on Public Service Enterprise Group from $89.00 to $85.00 and set a “market perform” rating for the company in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Wednesday, October 8th. Barclays raised their price objective on Public Service Enterprise Group from $82.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Evercore ISI initiated coverage on Public Service Enterprise Group in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $83.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Public Service Enterprise Group has an average rating of “Moderate Buy” and an average price target of $91.79.

Public Service Enterprise Group Trading Up 0.7%

PEG opened at $83.72 on Thursday. The stock’s fifty day moving average is $82.53 and its two-hundred day moving average is $82.29. The company has a market capitalization of $41.78 billion, a P/E ratio of 21.14, a PEG ratio of 2.55 and a beta of 0.53. Public Service Enterprise Group Incorporated has a 52 week low of $74.67 and a 52 week high of $95.22. 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 (NYSE:PEG) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.49 billion. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.Public Service Enterprise Group’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. Analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

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.