Public Service Enterprise Group Incorporated $PEG Shares Bought by REAP Financial Group LLC

REAP Financial Group LLC raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 66.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 849 shares of the utilities provider’s stock after acquiring an additional 340 shares during the quarter. REAP Financial Group LLC’s holdings in Public Service Enterprise Group were worth $71,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEG. FourThought Financial Partners LLC grew its holdings in Public Service Enterprise Group by 2.8% in the 1st quarter. FourThought Financial Partners LLC now owns 4,588 shares of the utilities provider’s stock valued at $378,000 after buying an additional 127 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Public Service Enterprise Group by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 42,803 shares of the utilities provider’s stock valued at $3,523,000 after buying an additional 130 shares during the period. Summit Financial LLC grew its holdings in Public Service Enterprise Group by 2.2% in the 1st quarter. Summit Financial LLC now owns 6,166 shares of the utilities provider’s stock valued at $507,000 after buying an additional 133 shares during the period. UMB Bank n.a. grew its holdings in Public Service Enterprise Group by 1.1% in the 2nd quarter. UMB Bank n.a. now owns 12,363 shares of the utilities provider’s stock valued at $1,041,000 after buying an additional 139 shares during the period. Finally, PFS Partners LLC grew its holdings in Public Service Enterprise Group by 23.6% in the 2nd quarter. PFS Partners LLC now owns 748 shares of the utilities provider’s stock valued at $63,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Performance

Public Service Enterprise Group stock opened at $81.83 on Thursday. The stock’s 50 day moving average price is $83.50 and its 200 day moving average price is $82.19. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $95.22. The firm has a market capitalization of $40.84 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.76 and a current ratio of 1.00.

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 during the quarter, compared to analyst estimates of $2.49 billion. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The business’s revenue was up 15.8% compared to the same quarter last year. 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. As a group, sell-side analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on PEG shares. Morgan Stanley lowered their price target on Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. BMO Capital Markets boosted their target price on Public Service Enterprise Group from $84.00 to $89.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. Barclays decreased their target price on Public Service Enterprise Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, July 10th. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Finally, Evercore ISI started coverage on Public Service Enterprise Group in a report on Tuesday. They set an “in-line” rating and a $83.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and a consensus target price of $90.95.

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.