Triad Wealth Partners LLC Grows Stock Position in Public Service Enterprise Group Incorporated $PEG

Triad Wealth Partners LLC increased its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG) by 12.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,207 shares of the utilities provider’s stock after purchasing an additional 577 shares during the quarter. Triad Wealth Partners LLC’s holdings in Public Service Enterprise Group were worth $438,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Public Service Enterprise Group in the first quarter worth about $32,000. Marshall & Sullivan Inc. WA acquired a new stake in Public Service Enterprise Group in the 2nd quarter valued at about $33,000. Wealth Preservation Advisors LLC purchased a new position in Public Service Enterprise Group in the 1st quarter worth approximately $33,000. Zions Bancorporation National Association UT acquired a new position in shares of Public Service Enterprise Group during the 1st quarter worth approximately $50,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Public Service Enterprise Group by 105.9% during the 1st quarter. Sound Income Strategies LLC now owns 702 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 361 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Public Service Enterprise Group Trading Up 0.5%

NYSE:PEG opened at $82.02 on Friday. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $95.22. The firm has a market cap of $40.93 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 2.83 and a beta of 0.53. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average price of $83.92 and a 200 day moving average price of $82.23.

Public Service Enterprise Group (NYSE:PEG) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.49 billion. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.Public Service Enterprise Group’s 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. Sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were paid a $0.63 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $2.52 dividend on an annualized basis and a yield of 3.1%. Public Service Enterprise Group’s payout ratio is currently 63.64%.

Wall Street Analyst Weigh In

PEG has been the topic of a number of analyst reports. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. UBS Group lifted their price target 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. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Saturday, September 27th. Barclays cut their price objective on shares of Public Service Enterprise Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Finally, Morgan Stanley decreased their target price on shares of 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. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Public Service Enterprise Group presently has an average rating of “Moderate Buy” and an average target price of $91.85.

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.