Bank of Montreal Can Has $36.89 Million Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Bank of Montreal Can lessened its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 14.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 438,176 shares of the utilities provider’s stock after selling 71,059 shares during the period. Bank of Montreal Can owned 0.09% of Public Service Enterprise Group worth $36,886,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PEG. Keener Financial Planning LLC acquired a new stake in Public Service Enterprise Group during the 2nd quarter worth $27,000. GoalVest Advisory LLC grew its holdings in shares of 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 buying an additional 225 shares during the period. Headlands Technologies LLC acquired a new position in shares of Public Service Enterprise Group in the 1st quarter valued at $32,000. Wealth Preservation Advisors LLC acquired a new position in shares of Public Service Enterprise Group in the 1st quarter valued at $33,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Trading Down 2.5%

Shares of NYSE:PEG opened at $79.79 on Thursday. The company’s 50-day moving average price is $82.01 and its two-hundred day moving average price is $82.32. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 0.76. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $95.22. The stock has a market capitalization of $39.82 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.46 and a beta of 0.55.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Monday, November 3rd. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.02 by $0.11. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. On average, equities analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. 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 target 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 target 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. Finally, TD Cowen boosted their price target on shares of Public Service Enterprise Group from $93.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.29.

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.