Public Service Enterprise Group Incorporated $PEG Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,364 shares of the utilities provider’s stock after selling 2,735 shares during the quarter. Stephens Inc. AR’s holdings in Public Service Enterprise Group were worth $2,640,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PEG. Robeco Institutional Asset Management B.V. raised its holdings in Public Service Enterprise Group by 6.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 47,659 shares of the utilities provider’s stock valued at $3,922,000 after buying an additional 2,803 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Public Service Enterprise Group by 2.5% during the second quarter. Janney Montgomery Scott LLC now owns 69,045 shares of the utilities provider’s stock worth $5,812,000 after buying an additional 1,652 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Public Service Enterprise Group by 22.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 73,542 shares of the utilities provider’s stock worth $6,192,000 after buying an additional 13,540 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Public Service Enterprise Group by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 90,126 shares of the utilities provider’s stock worth $7,417,000 after buying an additional 3,601 shares in the last quarter. Finally, Chemistry Wealth Management LLC acquired a new position in Public Service Enterprise Group in the second quarter valued at approximately $579,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Wall Street Analyst Weigh In

PEG has been the subject of a number of research reports. Barclays boosted 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. Morgan Stanley lowered their target price on Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. BMO Capital Markets decreased their price objective on Public Service Enterprise Group from $89.00 to $85.00 and set a “market perform” rating on the stock in a research note on Monday. Evercore ISI began 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 target on the stock. Finally, UBS Group raised their price target on Public Service Enterprise Group from $97.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.79.

Public Service Enterprise Group Stock Up 0.7%

Shares of NYSE:PEG opened at $83.72 on Thursday. The stock’s 50-day moving average price is $82.53 and its two-hundred day moving average price is $82.29. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $95.22. The firm has a market cap of $41.78 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.55 and a beta of 0.53.

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 analysts’ consensus estimates 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%.The company’s quarterly revenue was up 15.8% compared to the same quarter last year. 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. On average, research analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Company Profile

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.