RFG Advisory LLC Has $223,000 Stake in Public Service Enterprise Group Incorporated $PEG

RFG Advisory LLC decreased its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,643 shares of the utilities provider’s stock after selling 529 shares during the quarter. RFG Advisory LLC’s holdings in Public Service Enterprise Group were worth $223,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in Public Service Enterprise Group by 6.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 47,659 shares of the utilities provider’s stock worth $3,922,000 after acquiring an additional 2,803 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Public Service Enterprise Group during the first quarter worth about $298,000. Janney Montgomery Scott LLC raised its stake in Public Service Enterprise Group by 2.5% during the second quarter. Janney Montgomery Scott LLC now owns 69,045 shares of the utilities provider’s stock worth $5,812,000 after acquiring an additional 1,652 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in 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 worth $6,192,000 after acquiring an additional 13,540 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Public Service Enterprise Group by 12.7% during the first quarter. Exchange Traded Concepts LLC now owns 3,977 shares of the utilities provider’s stock worth $327,000 after acquiring an additional 447 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Wall Street Analyst Weigh In

PEG has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Wednesday, October 8th. UBS Group upped their price objective on Public Service Enterprise Group from $97.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Wall Street Zen raised Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. Barclays lowered their price objective on Public Service Enterprise Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Finally, BMO Capital Markets upped their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.14.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $84.77 on Monday. The business’s 50 day simple moving average is $82.74 and its 200 day simple moving average is $82.23. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $95.22. The stock has a market capitalization of $42.30 billion, a PE ratio of 21.41, a PEG ratio of 2.60 and a beta of 0.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 0.76.

Public Service Enterprise Group (NYSE:PEG) last announced its 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. 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 analysts’ expectations of $2.49 billion. During the same period in the prior year, the business posted $0.63 earnings per share. The firm’s revenue 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 forecast that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

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.