Hantz Financial Services Inc. Has $4.54 Million Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Hantz Financial Services Inc. lessened its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 4.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 53,870 shares of the utilities provider’s stock after selling 2,307 shares during the quarter. Hantz Financial Services Inc.’s holdings in Public Service Enterprise Group were worth $4,535,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vontobel Holding Ltd. acquired a new stake in Public Service Enterprise Group in the 1st quarter worth about $329,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Public Service Enterprise Group by 8.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 65,587 shares of the utilities provider’s stock worth $5,398,000 after purchasing an additional 5,037 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in Public Service Enterprise Group in the 1st quarter worth about $281,000. Private Trust Co. NA raised its stake in Public Service Enterprise Group by 10.1% in the 1st quarter. Private Trust Co. NA now owns 3,571 shares of the utilities provider’s stock worth $294,000 after purchasing an additional 327 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Public Service Enterprise Group by 226.6% in the 1st quarter. Teacher Retirement System of Texas now owns 95,959 shares of the utilities provider’s stock worth $7,897,000 after purchasing an additional 66,575 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Trading Up 0.5%

NYSE:PEG opened at $80.73 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.76 and a current ratio of 1.00. Public Service Enterprise Group Incorporated has a 52 week low of $74.67 and a 52 week high of $95.22. The firm’s fifty day moving average is $82.18 and its 200-day moving average is $82.39. The firm has a market cap of $40.29 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.46 and a beta of 0.53.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company earned $0.63 EPS. Public Service Enterprise Group’s quarterly revenue was up 15.8% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. Equities analysts expect that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PEG shares. UBS Group lifted their price objective on shares of 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. TD Cowen started coverage on shares of Public Service Enterprise Group in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 price objective for the company. Barclays lifted their price objective on shares of Public Service Enterprise Group from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Evercore ISI assumed coverage on shares of Public Service Enterprise Group in a report on Tuesday, October 7th. They issued an “in-line” rating and a $83.00 target price on the stock. Finally, Morgan Stanley decreased their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Public Service Enterprise Group has an average rating of “Moderate Buy” and an average target price of $91.21.

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.