TIAA Trust National Association Sells 3,885 Shares of Public Service Enterprise Group Incorporated $PEG

TIAA Trust National Association reduced its position in Public Service Enterprise Group Incorporated (NYSE:PEG) by 12.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 26,435 shares of the utilities provider’s stock after selling 3,885 shares during the period. TIAA Trust National Association’s holdings in Public Service Enterprise Group were worth $2,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new position in shares of Public Service Enterprise Group in the second quarter worth $27,000. GoalVest Advisory LLC boosted its holdings in shares of Public Service Enterprise Group by 166.7% in the second quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 225 shares during the period. Headlands Technologies LLC bought a new position in shares of Public Service Enterprise Group in the first quarter worth $32,000. Wealth Preservation Advisors LLC bought a new position in shares of Public Service Enterprise Group in the first quarter worth $33,000. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Public Service Enterprise Group in the second quarter worth $33,000. 73.34% of the stock is currently owned by institutional investors.

Public Service Enterprise Group Stock Performance

NYSE PEG opened at $81.36 on Tuesday. Public Service Enterprise Group Incorporated has a 52-week low of $74.67 and a 52-week high of $95.22. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.76 and a current ratio of 1.00. The company has a market capitalization of $40.60 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.46 and a beta of 0.53. The company has a fifty day moving average of $82.10 and a 200-day moving average of $82.35.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings data on Monday, November 3rd. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm posted $0.90 EPS. The firm’s revenue 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. As a group, equities research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PEG has been the subject of a number of analyst reports. BMO Capital Markets cut their price target on Public Service Enterprise Group from $89.00 to $85.00 and set a “market perform” rating for the company in a report on Monday, October 20th. TD Cowen started coverage on shares of Public Service Enterprise Group in a report on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a report on Wednesday, October 8th. Wall Street Zen raised shares of Public Service Enterprise Group from a “sell” rating to a “hold” rating in a report on Saturday, September 6th. Finally, Barclays upped their price target on shares of Public Service Enterprise Group from $82.00 to $87.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Public Service Enterprise Group has a consensus 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.