The updates on
Public Service Enterprise Group Incorporated (PEG) focus on diverse occurrences. The
stock reached a new 12-month high at $82.68, yet it still underperforms the market. It's mentioned that the executive vice president of PEG sold $760k in stock. Meanwhile,
Forsta AP Fonden divested 40,700 shares, and
Dai ichi Life Insurance Company purchased another 110,000. The
second quarter 2024 results have been announced and
Jefferies Financial Group assigned a hold rating on PEG, with a $85 target. Other updates involve
increased dividends for 2024, insiders selling a notable $3.2m in stock, and news of
the company knocking down institutional investors' estimates in the most recent report. PEG's
weak financial position is causing concern, alloing for its debt load. Roxfidend reminder and regular quarterly dividends have been declared, and ther are reports of large volumes of call options purchased. Several insiders, including the EVP & General Counsel and the President and CEO, sold shares while other,
external investors expanded their stakes. Finally, PSEG was reported to be prepared for
Summer 2024 and there were some allegations of the intrinsic value of PEG shares being above investor's payments.
Public Service Enterprise Group Incorporated PEG News Analytics from Wed, 01 Mar 2023 08:00:00 GMT to Sun, 15 Sep 2024 14:31:00 GMT -
Rating 0
- Innovation 0
- Information 6
- Rumor -7
