Blue Trust Inc. Has $965,000 Stock Position in Public Service Enterprise Group Incorporated $PEG

Blue Trust Inc. boosted its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,461 shares of the utilities provider’s stock after purchasing an additional 313 shares during the period. Blue Trust Inc.’s holdings in Public Service Enterprise Group were worth $965,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Public Service Enterprise Group in the first quarter worth about $32,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Public Service Enterprise Group in the first quarter worth about $33,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Public Service Enterprise Group in the second quarter worth about $33,000. Costello Asset Management INC lifted its position in shares of Public Service Enterprise Group by 290.6% in the second quarter. Costello Asset Management INC now owns 539 shares of the utilities provider’s stock worth $45,000 after buying an additional 401 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Public Service Enterprise Group in the first quarter worth about $50,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Trading Down 1.0%

Public Service Enterprise Group stock opened at $80.57 on Friday. The business has a 50 day moving average price of $83.17 and a two-hundred day moving average price of $82.18. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. The stock has a market cap of $40.21 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. Public Service Enterprise Group Incorporated has a 12 month low of $74.67 and a 12 month high of $95.22.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results 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 firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. As a group, equities analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were issued a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $2.52 annualized dividend and a yield of 3.1%. Public Service Enterprise Group’s dividend payout ratio is 63.64%.

Analyst Ratings Changes

A number of analysts have weighed in on PEG shares. BMO Capital Markets boosted their price target on Public Service Enterprise Group from $84.00 to $89.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Wednesday. Evercore ISI started coverage on Public Service Enterprise Group in a research report on Tuesday, October 7th. They set an “in-line” rating and a $83.00 price objective for the company. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. Finally, UBS Group boosted their price objective on Public Service Enterprise Group from $97.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Public Service Enterprise Group presently has an average rating of “Moderate Buy” and a consensus price target of $90.95.

Public Service Enterprise Group 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.