Focus Partners Advisor Solutions LLC Sells 133 Shares of Public Service Enterprise Group Incorporated $PEG

Focus Partners Advisor Solutions LLC decreased its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,589 shares of the utilities provider’s stock after selling 133 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Public Service Enterprise Group were worth $554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keener Financial Planning LLC bought a new stake in Public Service Enterprise Group in the second quarter valued at approximately $27,000. Headlands Technologies LLC bought a new stake in Public Service Enterprise Group in the first quarter valued at approximately $32,000. Marshall & Sullivan Inc. WA bought a new stake in Public Service Enterprise Group in the second quarter valued at approximately $33,000. Wealth Preservation Advisors LLC bought a new position in shares of Public Service Enterprise Group during the first quarter worth approximately $33,000. Finally, Costello Asset Management INC increased its stake in shares of Public Service Enterprise Group by 290.6% during the second quarter. Costello Asset Management INC now owns 539 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 401 shares during the period. Institutional investors own 73.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PEG shares. BTIG Research started coverage on Public Service Enterprise Group in a research note on Wednesday, October 22nd. They set a “buy” rating and a $98.00 target price on the stock. Wells Fargo & Company started coverage on Public Service Enterprise Group in a research note on Tuesday. They set an “equal weight” rating and a $88.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Wednesday, October 8th. UBS Group increased their target price on 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. Finally, BMO Capital Markets lowered their target price on Public Service Enterprise Group from $89.00 to $85.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

Public Service Enterprise Group Trading Down 1.2%

Shares of NYSE:PEG opened at $80.27 on Thursday. The company has a market capitalization of $40.06 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.49 and a beta of 0.53. Public Service Enterprise Group Incorporated has a 1 year low of $74.67 and a 1 year high of $95.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 0.76. The business’s 50 day simple moving average is $82.23 and its 200 day simple moving average is $82.40.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.49 billion. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. On average, research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

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.