Public Service Enterprise Group Incorporated (NYSE:PEG) continues to make news in the financial market. The energy company’s debt usage to deliver its ROE of 10% has raised queries among investors. However, abrdn plc increased its position in the stock, giving the stock a strong trading day. PSEG's action against food insecurity in New Jersey through volunteers has earned socio-corporate points. The Clean Energy Future-Energy Efficiency II program, approved by PSEG, aims for continual energy savings. Earnings growth is anticipated ahead of next week's release. Tilson Financial Group Inc bought 10,456 PEG's shares while a potential Data Center deal boosted PSEG's stock. Although insiders sold $5.1m in stock, institutional investors control 75% of PEG following a 4.7% increase in stock. Up by 42% YTD, PEG was listed as a top Goldman Sachs Phase 2 AI stock. Despite the issuance of dividends and some insiders selling their shares, the stock is expected to perform well. Looking into PEG's financial results for the next quarters reveals strong 2023 results and a promising 2024 ahead.
Public Service Enterprise Group Incorporated PEG News Analytics from Tue, 16 Jan 2024 18:36:20 GMT to Fri, 01 Nov 2024 21:54:00 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -4
