Public Service Enterprise Group Incorporated $PEG Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. trimmed its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 232,628 shares of the utilities provider’s stock after selling 1,010 shares during the period. GW Henssler & Associates Ltd.’s holdings in Public Service Enterprise Group were worth $19,583,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. LRI Investments LLC increased its stake in Public Service Enterprise Group by 9.7% during the 2nd quarter. LRI Investments LLC now owns 7,835 shares of the utilities provider’s stock valued at $660,000 after buying an additional 695 shares during the period. CWM LLC increased its stake in Public Service Enterprise Group by 7.5% during the 2nd quarter. CWM LLC now owns 17,969 shares of the utilities provider’s stock valued at $1,513,000 after buying an additional 1,253 shares during the period. OFI Invest Asset Management increased its stake in shares of Public Service Enterprise Group by 48.7% during the second quarter. OFI Invest Asset Management now owns 1,252 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 410 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake 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 valued at $6,192,000 after acquiring an additional 13,540 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC increased its stake in shares of Public Service Enterprise Group by 3.5% during the second quarter. Cerro Pacific Wealth Advisors LLC now owns 12,678 shares of the utilities provider’s stock valued at $1,067,000 after acquiring an additional 427 shares during the period. 73.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEG has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective on shares of Public Service Enterprise Group from $84.00 to $89.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. Morgan Stanley lowered their price target on Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. UBS Group lifted 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. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Finally, Barclays lowered their target price on Public Service Enterprise Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.95.

Public Service Enterprise Group Trading Down 1.0%

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

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.The business 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 posted $0.63 earnings per share. Public Service Enterprise Group’s revenue for the quarter 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 anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $2.52 dividend on an annualized basis and a yield of 3.1%. Public Service Enterprise Group’s payout ratio is presently 63.64%.

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.