<div id="readability-page-1"><p>TD Asset Management Inc lifted its position in shares of  Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 9.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 652,485 shares of the utilities provider's stock after purchasing an additional 54,130 shares during the quarter. TD Asset Management Inc owned about 0.13% of Public Service Enterprise Group worth $54,926,000 as of its most recent filing with the SEC.</p><p>A number of other institutional investors have also modified their holdings of PEG. Massachusetts Wealth Management raised its position in shares of  Public Service Enterprise Group by 2.5% during the 2nd quarter. Massachusetts Wealth Management now owns 5,125 shares of the utilities provider's stock valued at $431,000 after acquiring an additional 125 shares in the last quarter.  Apollon Wealth Management LLC raised its position in shares of  Public Service Enterprise Group by 0.8% during the 2nd quarter. Apollon Wealth Management LLC now owns 15,621 shares of the utilities provider's stock valued at $1,315,000 after acquiring an additional 126 shares in the last quarter.  FourThought Financial Partners LLC raised its position in shares of  Public Service Enterprise Group by 2.8% during the 1st quarter. FourThought Financial Partners LLC now owns 4,588 shares of the utilities provider's stock valued at $378,000 after acquiring an additional 127 shares in the last quarter.  Oregon Public Employees Retirement Fund raised its position in shares of  Public Service Enterprise Group by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 42,803 shares of the utilities provider's stock valued at $3,523,000 after acquiring an additional 130 shares in the last quarter.  Finally, Summit Financial LLC raised its position in shares of  Public Service Enterprise Group by 2.2% during the 1st quarter. Summit Financial LLC now owns 6,166 shares of the utilities provider's stock valued at $507,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other institutional investors own  73.34% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities research analysts have weighed in on the company. Morgan Stanley dropped their target price on Public Service Enterprise Group from $105.00 to $103.00 and set an &#34;overweight&#34; rating on the stock in a research report on Thursday, September 25th. Barclays reduced their price target on shares of Public Service Enterprise Group from $83.00 to $82.00 and set an &#34;equal weight&#34; rating for the company in a report on Thursday, July 10th. UBS Group boosted their price target on shares of Public Service Enterprise Group from $97.00 to $103.00 and gave the company a &#34;buy&#34; rating in a report on Friday, July 25th. Wall Street Zen raised shares of Public Service Enterprise Group from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, September 6th. Finally, BMO Capital Markets boosted their price target on shares of Public Service Enterprise Group from $84.00 to $89.00 and gave the company a &#34;market perform&#34; rating in a report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and five have issued  a Hold rating to the company's stock. According to MarketBeat.com, Public Service Enterprise Group currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $90.95.</p><p><b>Get Our Latest Report on PEG</b></p><h2>Public Service Enterprise Group Trading Up 2.7%</h2><p>NYSE:PEG opened at $84.66 on Thursday. Public Service Enterprise Group Incorporated has a 1 year low of $74.67 and a 1 year high of $95.22. The stock has a market cap of $42.25 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.53 and a beta of 0.53. The business has a fifty day moving average of $82.86 and a 200-day moving average of $82.21. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.76 and a current ratio of 1.00. </p><p>Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. The company'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 analysts predict that  Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year. </p><h2>Public Service Enterprise Group Announces Dividend</h2><p>The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $2.52 annualized dividend and a dividend yield of 3.0%. Public Service Enterprise Group's dividend payout ratio  is presently 63.64%. </p><h2>About Public Service Enterprise Group</h2> (Free Report)<p>Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&amp;G and PSEG Power segments. The PSE&amp;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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Public Service Enterprise Group</li><li>3 Grocery Stocks That Are Proving They Are Still Essential </li><li>Palantir’s New Healthcare Deal Boosts AI and Data Reach </li><li>How to start investing in penny stocks</li><li>GM's Billion-Dollar Bruise: GM's Strategic Pivot Makes It a Buy</li><li>Consumer Discretionary Stocks Explained</li><li>Novo Nordisk’s Akero Therapeutics Buy Targets Eli Lilly’s Lead</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBFRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBFRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Public Service Enterprise Group Right Now?</h2><p>Before you consider Public Service Enterprise Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Public Service Enterprise Group wasn't on the list.</p><p>While Public Service Enterprise Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>TD Asset Management Inc increased its stake in Public Service Enterprise Group (NYSE:PEG) by 9.0% in Q2, owning 652,485 shares valued at approximately $54.9 million. Other institutional investors also raised their positions. Analysts have mixed ratings on PEG, with a consensus rating of "Moderate Buy" and an average target price of $90.95. The stock is currently trading at $84.66, with a market cap of $42.25 billion and a recent EPS of $0.77, exceeding expectations.</p>

TD Asset Management Inc Raises Stake in Public Service Enterprise Group Incorporated $PEG