Public Service Enterprise Group Incorporated (PEG) has seen significant attention from various market players and analysts. With a stake worth $91.73 million by Dimensional Fund Advisors LP, and an increase in the company's price target to $80.00 by Mizuho, PEG is showing promise. Despite some underperformance compared to competitors, PEG's stock has proven resilient on several strong trading days and set new 12-month highs, peaking at $75.17. The analysts have made predictions for PEG's Q4 2024 earnings, and despite not always meeting expectations, PEG succeeded in delivering dividends of $0.60. Amongst institutional investors, PEG is a favored bet, and they were rewarded with a US$1.4b market cap gain last week. The company has shown an inclination towards rewarding shareholders by hiking its dividend. PEG's Q1 2024 Earnings missed some estimates, reflecting a decrease in revenues. Yet, PEG seems committed to strategic growth initiatives. Despite disappointment revolving around PEG's earnings, good news has emerged with PSE&G filing a rate case for the first time in nearly six years. Finally, PEG announced its future plans, including the proposal for the third phase of the Gas System Modernization program.
Public Service Enterprise Group Incorporated PEG News Analytics from Thu, 12 Aug 2021 07:00:00 GMT to Thu, 23 May 2024 18:12:47 GMT -
Rating 5
- Innovation 3
- Information 6
- Rumor -1
