Public Service Enterprise Group Incorporated $PEG Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,945 shares of the utilities provider’s stock after acquiring an additional 9,197 shares during the quarter. Yousif Capital Management LLC’s holdings in Public Service Enterprise Group were worth $6,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Keener Financial Planning LLC acquired a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at $27,000. Headlands Technologies LLC acquired a new position in shares of Public Service Enterprise Group during the 1st quarter valued at $32,000. Wealth Preservation Advisors LLC acquired a new position in shares of Public Service Enterprise Group during the 1st quarter valued at $33,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Public Service Enterprise Group during the 2nd quarter valued at $33,000. Finally, Costello Asset Management INC increased its stake in Public Service Enterprise Group by 290.6% during the 2nd quarter. Costello Asset Management INC now owns 539 shares of the utilities provider’s stock worth $45,000 after buying an additional 401 shares during the period. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Price Performance

PEG opened at $82.42 on Wednesday. The company has a 50-day moving average of $82.88 and a 200-day moving average of $82.19. The company has a market capitalization of $41.14 billion, a P/E ratio of 20.81, a PEG ratio of 2.51 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 quick ratio of 0.76 and a current ratio of 1.00.

Public Service Enterprise Group (NYSE:PEG) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.49 billion. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. Equities analysts expect that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on PEG shares. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Wednesday, October 8th. Barclays dropped their price target on shares of Public Service Enterprise Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Evercore ISI started coverage on shares of Public Service Enterprise Group in a research note on Tuesday, October 7th. They set an “in-line” rating and a $83.00 price target on the stock. Finally, Morgan Stanley dropped their price target on shares of Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.95.

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.