Public Service Enterprise Group Inc. (NYSE:PEG) continues to generate
positive headlines in recent weeks. PEG's
stock reached a new 12-month high last week with a 4.7% increase. Sound Shore Management Inc. invested $71.30 million in
PEG, and Mercer Global Advisors Inc. and LPL Financial LLC also acquired a significant amount of PEG's shares. Danaher Corporation's (NYSE:DHR), announced the sale of its stake in the company, backing previous news of executive changes and several insider
sales. These changes are occurring amidst PSEG's announcement of first and second-quarter results for 2024. Despite mixed analyst
reviews, PEG maintains a strong institutional backing with 75% of control. However, the company has faced some criticism concerning its high debt load. Despite this, PEG continues to ride on its investments and forecasts for Q4 2024 earnings. PSEG has also increased its 2024 common stock dividend and retains a positive outlook from several market analyses.
Public Service Enterprise Group Incorporated PEG News Analytics from Thu, 12 Aug 2021 07:00:00 GMT to Sun, 22 Sep 2024 20:26:58 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -1
