Public Service Enterprise Group Incorporated $PEG Shares Bought by Keybank National Association OH

Keybank National Association OH grew its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 19.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,184 shares of the utilities provider’s stock after acquiring an additional 1,480 shares during the quarter. Keybank National Association OH’s holdings in Public Service Enterprise Group were worth $773,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PEG. Keener Financial Planning LLC acquired a new position in Public Service Enterprise Group in the 2nd quarter valued at about $27,000. GoalVest Advisory LLC grew its stake 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 purchasing an additional 225 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Public Service Enterprise Group in the first quarter valued at approximately $32,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Public Service Enterprise Group in the second quarter valued at approximately $33,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Public Service Enterprise Group in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Stock Up 1.0%

Public Service Enterprise Group stock opened at $81.36 on Tuesday. 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 1-year low of $74.67 and a 1-year high of $95.22. The company has a market cap of $40.60 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53. The stock’s 50 day moving average price is $82.10 and its 200 day moving average price is $82.35.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Monday, November 3rd. The utilities provider reported $1.13 earnings per share 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 company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2025 guidance at 4.000-4.060 EPS. On average, sell-side analysts predict that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen assumed coverage on Public Service Enterprise Group in a report on Thursday, October 16th. They issued a “buy” rating and a $93.00 target price on the stock. BTIG Research assumed coverage on Public Service Enterprise Group in a report on Wednesday, October 22nd. They issued a “buy” rating and a $98.00 target price on the stock. Barclays boosted their target price on Public Service Enterprise Group from $82.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Wednesday, October 8th. Finally, UBS Group boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.21.

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.