Integrity Alliance LLC. Sells 4,015 Shares of Public Service Enterprise Group Incorporated $PEG

Integrity Alliance LLC. decreased its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 42.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,399 shares of the utilities provider’s stock after selling 4,015 shares during the quarter. Integrity Alliance LLC.’s holdings in Public Service Enterprise Group were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on PEG. TD Cowen began coverage on Public Service Enterprise Group in a research note on Thursday, October 16th. They set a “buy” rating and a $93.00 target price on the stock. Barclays increased their target price on Public Service Enterprise Group from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Wednesday, October 8th. Evercore ISI began coverage on Public Service Enterprise Group in a research note on Tuesday, October 7th. They set an “in-line” rating and a $83.00 target price on the stock. Finally, 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. One 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.21.

Public Service Enterprise Group Trading Up 0.0%

Shares of PEG stock opened at $80.76 on Friday. The stock’s fifty day moving average price is $82.12 and its two-hundred day moving average price is $82.36. The company has a market cap of $40.30 billion, a PE ratio of 20.39, a P/E/G ratio of 2.46 and a beta of 0.53. Public Service Enterprise Group Incorporated has a fifty-two week low of $74.67 and a fifty-two week 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 issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The firm 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 company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. Equities analysts predict 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.