Nisa Investment Advisors LLC Has $6.67 Million Stock Position in Public Service Enterprise Group Incorporated $PEG

Nisa Investment Advisors LLC reduced its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,269 shares of the utilities provider’s stock after selling 2,619 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Public Service Enterprise Group were worth $6,673,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Wednesday, October 8th. BMO Capital Markets lowered their price target on Public Service Enterprise Group from $89.00 to $85.00 and set a “market perform” rating on the stock in a research report on Monday, October 20th. UBS Group increased their price objective on Public Service Enterprise Group from $97.00 to $103.00 and gave the company a “buy” rating in a report on Friday, July 25th. Barclays boosted their target price on shares of 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. Finally, Morgan Stanley cut their price target on shares of Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

Public Service Enterprise Group Price Performance

Shares of PEG opened at $81.32 on Wednesday. The company’s 50-day moving average is $82.33 and its 200-day moving average is $82.42. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.00 and a quick ratio of 0.76. The firm has a market capitalization of $40.59 billion, a PE ratio of 20.54, a PEG ratio of 2.56 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.

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