Atria Investments Inc Reduces Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Atria Investments Inc lowered its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 25.7% in the second quarter, HoldingsChannel reports. The firm owned 40,083 shares of the utilities provider’s stock after selling 13,894 shares during the period. Atria Investments Inc’s holdings in Public Service Enterprise Group were worth $3,374,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Keener Financial Planning LLC purchased a new stake in shares of Public Service Enterprise Group in the second quarter valued at about $27,000. GoalVest Advisory LLC boosted its stake 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 period. Headlands Technologies LLC purchased a new position in Public Service Enterprise Group during the first quarter worth about $32,000. Wealth Preservation Advisors LLC purchased a new position in Public Service Enterprise Group during the first quarter worth about $33,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in Public Service Enterprise Group during the second quarter worth about $33,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PEG. UBS Group increased 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. Barclays increased 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 research note on Tuesday, October 21st. Morgan Stanley lowered their target price 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. TD Cowen started coverage on shares of Public Service Enterprise Group in a research note on Thursday, October 16th. They set a “buy” rating and a $93.00 target price for the company. Finally, BMO Capital Markets lowered their price objective on shares of Public Service Enterprise Group from $89.00 to $85.00 and set a “market perform” rating for the company in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

Public Service Enterprise Group Trading Up 0.0%

NYSE PEG opened at $80.76 on Monday. The firm has a 50 day simple moving average of $82.12 and a 200-day simple moving average of $82.36. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.76 and a current ratio of 1.00. Public Service Enterprise Group Incorporated has a one year low of $74.67 and a one year high of $95.22. The firm has a market cap of $40.30 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.46 and a beta of 0.53.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. Public Service Enterprise Group had a net margin of 17.78% and a return on equity of 12.08%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter 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. Equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal 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.