GoalVest Advisory LLC Buys 225 Shares of Public Service Enterprise Group Incorporated $PEG

GoalVest Advisory LLC lifted its stake in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 166.7% in the second quarter, Holdings Channel.com reports. The fund owned 360 shares of the utilities provider’s stock after acquiring an additional 225 shares during the quarter. GoalVest Advisory LLC’s holdings in Public Service Enterprise Group were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. TFB Advisors LLC raised its position in shares of Public Service Enterprise Group by 4.8% during the second quarter. TFB Advisors LLC now owns 2,611 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 119 shares during the last quarter. Massachusetts Wealth Management raised its position in shares of Public Service Enterprise Group by 2.5% during the second quarter. Massachusetts Wealth Management now owns 5,125 shares of the utilities provider’s stock worth $431,000 after acquiring an additional 125 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of Public Service Enterprise Group by 0.8% during the second quarter. Apollon Wealth Management LLC now owns 15,621 shares of the utilities provider’s stock worth $1,315,000 after acquiring an additional 126 shares during the last quarter. FourThought Financial Partners LLC increased its holdings in Public Service Enterprise Group by 2.8% in the first quarter. FourThought Financial Partners LLC now owns 4,588 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 127 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Public Service Enterprise Group by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 42,803 shares of the utilities provider’s stock worth $3,523,000 after purchasing an additional 130 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Wednesday, October 8th. TD Cowen assumed coverage on Public Service Enterprise Group in a report on Thursday, October 16th. They issued a “buy” rating and a $93.00 target price for the company. Barclays lifted their target price on Public Service Enterprise Group from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. BTIG Research assumed coverage on Public Service Enterprise Group in a report on Wednesday, October 22nd. They issued a “buy” rating and a $98.00 target price for the company. 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 for the company in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.79.

Public Service Enterprise Group Stock Up 0.5%

Shares of NYSE:PEG opened at $83.54 on Tuesday. The stock has a market cap of $41.69 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.55 and a beta of 0.53. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 1.30. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $95.22. The business’s 50 day moving average is $82.39 and its 200 day moving average is $82.42.

Public Service Enterprise Group (NYSE:PEG) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. The company had revenue of $2.81 billion for 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%.Public Service Enterprise Group’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. On average, sell-side analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal 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.