Public Service Enterprise Group Inc. (PSEG) stock demonstrated a steady performance outperforming competitors on various trading days. Amidst this positive trajectory, there were instances of underperformance compared to competitors' gains. PSEG announced its Q1, Q3 and Q4 earnings for 2023 and Q1 2024, with mixed results - sometimes aligning with estimates, sometimes missing and sometimes beating them.
PSEG also distributed consistent quarterly dividends of $0.60 and, on numerous occasions, set new 1-year highs. Despite some earnings misses and regardless of downward revised EPS by analysts, the company experienced a 2023 net income. Some institutional investors significantly benefited, such as Natixis Advisors L.P. and Los Angeles Capital Management LLC growing their positions and PFG Investments LLC procuring shares. CEO Ralph Larossa and PSEG's Vice President sold substantial shares of stock, and Ricardo G. Pérez and Kenneth Y. Tanji joined the
PSEG's Board of Directors. PSEG also disclosed tailored, strategic growth initiatives, notably initiating 2024 Non-GAAP Operating Earnings Guidance. Throughout this period, PSEG revealed slight underperformance but has remained steady. Investors who put their faith in
PSEG five years ago saw a 35% gain. PSEG is continuing to reward its shareholders, as evidenced by the 5.3% dividend hike.
Public Service Enterprise Group Incorporated PEG News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 23:39:00 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -3
