Public Service Enterprise Group Incorporated (PEG) has made several major moves in Q3, contributing positively to its surge. While Retirement Systems of Alabama and Lord Abbett & CO. LLC sold considerable PEG shares, Franklin Resources Inc., SPX Gestao de Recursos Ltda, National Bank of Canada FI, and Janus Henderson Group PLC have increased their holdings. The company announced Q3 2024 results, along with an EPS beat of 8.9% and a dividend of $0.60. Despite dealing with considerable debt load and underperforming compared to competitors on some days, the company displayed strong financials and continued to attract institutional investors owning 75% of the company's shares. It's been an active participant in community services with PSEG Foundation hitting record community grants and supporting causes like children's healthcare, food insecurity, and veteran initiatives. Even though insiders sold US$3.2m in stock, the company is looking to adapt to AI-driven growth. Overall, the company has shown a decent 86% return over the last five years and has the potential to multiply its value in the future.
Public Service Enterprise Group Incorporated PEG News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Fri, 20 Dec 2024 13:10:18 GMT -
Rating -1
- Innovation 4
- Information 7
- Rumor -5
