Public Service Enterprise Group (PSEG) has seen various movements in recent times. The company's
stock appreciation has been corroborated by different investment houses increasing their
price targets, with the Royal Bank of Canada setting it to $84.00. Nonetheless, certain institutional investors, such as
Tocqueville Asset Management and
Empowered Funds, reduced their stakes. PSEG continues its commitment to shareholders by maintaining regular quarterly dividend payments of
$0.60. Its relative performance in the market has seen a mix of outperforming and underperforming days, adding to the complex picture of its market stance. Noticeably, the company's
Q4 2023 earnings missed expectations, while
CEO Ralph Larossa sold company shares. PSEG has issued
non-GAAP operating earnings guidance for 2024 and is preparing to announce its Q2 2024 financial results later in July. Growth-wise, the
company highlights its energy efficiency programs, which are projected to result in significant savings and reduction in carbon emissions annually.
Public Service Enterprise Group Incorporated PEG News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 17:41:25 GMT -
Rating 0
- Innovation -2
- Information 4
- Rumor -3
