First Command Advisory Services Inc. Lowers Stock Holdings in Public Service Enterprise Group Incorporated $PEG

First Command Advisory Services Inc. decreased its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 46.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 412 shares of the utilities provider’s stock after selling 353 shares during the period. First Command Advisory Services Inc.’s holdings in Public Service Enterprise Group were worth $35,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC raised its position in Public Service Enterprise Group by 10.4% during the second quarter. Ashton Thomas Private Wealth LLC now owns 3,821 shares of the utilities provider’s stock valued at $322,000 after purchasing an additional 359 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Public Service Enterprise Group by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,013,676 shares of the utilities provider’s stock valued at $85,330,000 after purchasing an additional 20,864 shares in the last quarter. Brighton Jones LLC raised its position in Public Service Enterprise Group by 1.9% during the second quarter. Brighton Jones LLC now owns 7,813 shares of the utilities provider’s stock valued at $658,000 after purchasing an additional 146 shares in the last quarter. Brian Low Financial Group LLC purchased a new stake in Public Service Enterprise Group during the second quarter valued at about $525,000. Finally, Peterson Wealth Services raised its position in Public Service Enterprise Group by 4.5% during the second quarter. Peterson Wealth Services now owns 10,705 shares of the utilities provider’s stock valued at $901,000 after purchasing an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PEG. 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. Morgan Stanley decreased their price objective on Public Service Enterprise Group from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. UBS Group lifted their price objective on Public Service Enterprise Group from $97.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, BTIG Research began coverage on Public Service Enterprise Group in a report on Wednesday, October 22nd. They issued a “buy” rating and a $98.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.79.

Public Service Enterprise Group Stock Up 0.5%

Shares of NYSE:PEG opened at $83.54 on Tuesday. 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 $41.69 billion, a PE ratio of 21.10, a P/E/G ratio of 2.55 and a beta of 0.53. 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 stock’s 50-day moving average is $82.39 and its 200 day moving average is $82.42.

Public Service Enterprise Group (NYSE:PEG) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the business earned $0.63 EPS. Public Service Enterprise Group’s revenue was up 15.8% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. Sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

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.