Public Service Enterprise Group Incorporated $PEG Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC cut its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,067 shares of the utilities provider’s stock after selling 454 shares during the period. Exencial Wealth Advisors LLC’s holdings in Public Service Enterprise Group were worth $427,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Public Service Enterprise Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 63,761,676 shares of the utilities provider’s stock valued at $5,247,586,000 after purchasing an additional 2,986,646 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Public Service Enterprise Group by 2.3% in the first quarter. Ameriprise Financial Inc. now owns 7,294,016 shares of the utilities provider’s stock valued at $600,317,000 after purchasing an additional 162,261 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Public Service Enterprise Group by 20.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,803,810 shares of the utilities provider’s stock valued at $395,354,000 after purchasing an additional 806,782 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Public Service Enterprise Group by 5.2% in the first quarter. Raymond James Financial Inc. now owns 4,683,338 shares of the utilities provider’s stock valued at $385,439,000 after purchasing an additional 230,636 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Public Service Enterprise Group by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,061,714 shares of the utilities provider’s stock valued at $251,979,000 after purchasing an additional 31,631 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PEG. BTIG Research began coverage on Public Service Enterprise Group in a report on Wednesday. They issued a “buy” rating and a $98.00 price objective on the stock. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Morgan Stanley dropped 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. UBS Group raised their target price on Public Service Enterprise Group from $97.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, TD Cowen began coverage on Public Service Enterprise Group in a report on Thursday, October 16th. They set a “buy” rating and a $93.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.79.

Public Service Enterprise Group Stock Up 0.3%

Shares of PEG opened at $83.02 on Friday. 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 stock’s 50 day moving average is $82.41 and its two-hundred day moving average is $82.37. The firm has a market cap of $41.43 billion, a P/E ratio of 20.96, a PEG ratio of 2.53 and a beta of 0.53.

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 company had revenue of $2.81 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. Analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal 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.