The
Public Service Enterprise Group Incorporated (PEG) has been frequently discussed with varying views. The utility stock seems to be a favorite among investors, about
168,229 of its shares sold by International Assets Investment Management LLC. The stock has occasionally
underperformed when compared to competitors, yet there were also strong trading days when it clearly
outperformed others.
Morgan Stanley maintains its overweight recommendation on the stock. They recently announced they would
pay a dividend of $0.60, showing some value for shareholders. Despite a weak financial position, PEG continues to ride on investments. Their Q4 Earnings beat estimates while their revenues rose year on year. An insider sale was noticed, with Ralph Larossa selling certain amounts of PEG shares. Several institutional investors, including
Vanguard Group Inc. and Fisher Asset Management, have a significant stake in PEG and appear optimistic on its performance. A notable point is PEG's initiative on
2024 Non-GAAP Operating Earnings Guidance, signifying their forward-looking strategy. As for debt usage, there are questions on PEG's financial risk associated with it. Despite some underperforming days, PEG is steadily regarded as a top momentum utility stock for the long term.
Public Service Enterprise Group Incorporated PEG News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sat, 29 Jun 2024 08:00:54 GMT -
Rating 4
- Innovation 7
- Information 6
- Rumor 4
