First Command Advisory Services Inc. Sells 353 Shares of Public Service Enterprise Group Incorporated $PEG

First Command Advisory Services Inc. trimmed its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 46.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 412 shares of the utilities provider’s stock after selling 353 shares during the quarter. First Command Advisory Services Inc.’s holdings in Public Service Enterprise Group were worth $35,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC boosted its position in Public Service Enterprise Group by 10.4% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 3,821 shares of the utilities provider’s stock valued at $322,000 after acquiring an additional 359 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Public Service Enterprise Group by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,013,676 shares of the utilities provider’s stock valued at $85,330,000 after acquiring an additional 20,864 shares in the last quarter. Brighton Jones LLC boosted its position in Public Service Enterprise Group by 1.9% during the 2nd quarter. Brighton Jones LLC now owns 7,813 shares of the utilities provider’s stock valued at $658,000 after acquiring an additional 146 shares in the last quarter. Brian Low Financial Group LLC bought a new stake in Public Service Enterprise Group during the 2nd quarter valued at approximately $525,000. Finally, Peterson Wealth Services boosted its position in Public Service Enterprise Group by 4.5% during the 2nd quarter. Peterson Wealth Services now owns 10,705 shares of the utilities provider’s stock valued at $901,000 after acquiring an additional 462 shares in the last quarter. 73.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on PEG shares. BMO Capital Markets dropped their price target on Public Service Enterprise Group from $89.00 to $85.00 and set a “market perform” rating on the stock in a research report on Monday, October 20th. Evercore ISI started coverage on Public Service Enterprise Group in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $83.00 price target on the stock. Barclays boosted their price target on Public Service Enterprise Group from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. One 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 stock. According to data from MarketBeat.com, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and an average target price of $91.79.

Public Service Enterprise Group Price Performance

Shares of NYSE PEG opened at $83.54 on Tuesday. Public Service Enterprise Group Incorporated has a twelve month low of $74.67 and a twelve month high of $95.22. The firm has a market cap of $41.69 billion, a P/E ratio of 21.10, a PEG ratio of 2.55 and a beta of 0.53. The company has a 50 day moving average of $82.39 and a 200 day moving average of $82.42. 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 announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. As a group, research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS 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.