First Horizon Advisors Inc. Has $34.31 Million Stock Position in Public Service Enterprise Group Incorporated $PEG

First Horizon Advisors Inc. boosted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 407,569 shares of the utilities provider’s stock after buying an additional 14,872 shares during the period. First Horizon Advisors Inc.’s holdings in Public Service Enterprise Group were worth $34,309,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Keener Financial Planning LLC bought a new stake in Public Service Enterprise Group in the 2nd quarter valued at about $27,000. GoalVest Advisory LLC boosted its holdings in Public Service Enterprise Group by 166.7% in the 2nd quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 225 shares during the period. Headlands Technologies LLC bought a new stake in Public Service Enterprise Group in the 1st quarter valued at about $32,000. Wealth Preservation Advisors LLC bought a new stake in Public Service Enterprise Group in the 1st quarter valued at about $33,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in Public Service Enterprise Group in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. 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 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Public Service Enterprise Group from $97.00 to $103.00 and gave the company a “buy” rating in a report on Friday, July 25th. BMO Capital Markets cut their price target on shares of Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, BTIG Research began coverage on shares of Public Service Enterprise Group in a report on Wednesday, October 22nd. They set a “buy” rating and a $98.00 price target for the company. One investment 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, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and an average target price of $91.04.

Public Service Enterprise Group Price Performance

Shares of NYSE:PEG opened at $81.81 on Wednesday. The company has a market cap of $40.83 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.46 and a beta of 0.55. 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 firm has a 50 day simple moving average of $82.07 and a 200 day simple moving average of $82.33. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $95.22.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings data on Monday, November 3rd. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.02 by $0.11. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $2.80 billion. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. Research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

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.