Brandywine Oak Private Wealth LLC Has $505,000 Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Brandywine Oak Private Wealth LLC lessened its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 6.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,000 shares of the utilities provider’s stock after selling 400 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in Public Service Enterprise Group were worth $505,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Public Service Enterprise Group in the first quarter worth approximately $32,000. Wealth Preservation Advisors LLC bought a new stake in Public Service Enterprise Group in the first quarter worth approximately $33,000. Marshall & Sullivan Inc. WA bought a new stake in Public Service Enterprise Group in the second quarter worth approximately $33,000. Zions Bancorporation National Association UT bought a new stake in Public Service Enterprise Group in the first quarter worth approximately $50,000. Finally, Sound Income Strategies LLC grew its position in Public Service Enterprise Group by 105.9% in the first quarter. Sound Income Strategies LLC now owns 702 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 361 shares in the last quarter. 73.34% of the stock is owned by institutional investors.

Public Service Enterprise Group Price Performance

NYSE PEG opened at $81.42 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 1.30. 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 fifty day simple moving average of $83.34 and a 200 day simple moving average of $82.18. The company has a market cap of $40.64 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.84 and a beta of 0.53.

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, beating analysts’ consensus estimates 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 firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm earned $0.63 EPS. The business’s revenue was up 15.8% on a year-over-year basis. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. On average, sell-side analysts predict that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were issued a $0.63 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 63.64%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Wednesday. Evercore ISI initiated coverage on shares of Public Service Enterprise Group in a research report on Tuesday. They issued an “in-line” rating and a $83.00 target price for the company. BMO Capital Markets upped their price objective on shares of Public Service Enterprise Group from $84.00 to $89.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. UBS Group upped their price objective on shares of 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, 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. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Public Service Enterprise Group presently has a consensus rating of “Moderate Buy” and an average price target of $90.95.

Public Service Enterprise Group 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.