Hantz Financial Services Inc. Has $4.54 Million Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Hantz Financial Services Inc. decreased its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 4.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 53,870 shares of the utilities provider’s stock after selling 2,307 shares during the period. Hantz Financial Services Inc.’s holdings in Public Service Enterprise Group were worth $4,535,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Keener Financial Planning LLC acquired a new position in Public Service Enterprise Group during the second quarter worth $27,000. GoalVest Advisory LLC raised its holdings in 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 buying an additional 225 shares during the last quarter. Headlands Technologies LLC acquired a new position in Public Service Enterprise Group during the first quarter worth $32,000. Wealth Preservation Advisors LLC acquired a new position in Public Service Enterprise Group during the first quarter worth $33,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Public Service Enterprise Group during the second quarter worth $33,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PEG shares. Wall Street Zen upgraded shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Wells Fargo & Company assumed coverage on shares of Public Service Enterprise Group in a research note on Tuesday. They issued an “equal weight” rating and a $88.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Public Service Enterprise Group in a research note on Wednesday, October 8th. TD Cowen assumed coverage on shares of Public Service Enterprise Group in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 target price for the company. Finally, UBS Group upped their target price on shares of 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 investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

Public Service Enterprise Group Stock Up 0.5%

Shares of PEG opened at $80.73 on Friday. The stock has a market capitalization of $40.29 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.46 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 business’s 50 day simple moving average is $82.18 and its 200-day simple moving average is $82.39. 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 (NYSE:PEG) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. As a group, equities analysts expect that Public Service Enterprise Group Incorporated will post 3.67 earnings per share 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.