Public Service Enterprise Group Incorporated (PEG) has been a subject of interest among myriad asset management companies. Assetmark Inc. and Asset Management One Co. Ltd. recently purchased significant shares of PEG. In contrast, QRG Capital Management Inc. and Swedbank AB have reduced their stakes. Financial performance of Q3 2024 beat expectations despite some earning misses; it exceeded expected EPS by 8.9%. The company participated in the EEI Financial Conference and secured top national recognition from ACEEE for its Clean Energy Jobs Program, displaying strong potential in AI and nuclear power segments. However, the PEG stock has also seen underperformance compared to market competitors. Share price of PEG has dropped in early November, and recent insider sales hint at potential weakness. Goldman Sachs includes PEG in their Phase 2 AI stock, up 42% YTD. 75% of PEG's ownership rests with institutional investors who were rewarded with a 4.7% stock increase. Amidst these highlights, Barclays sets a new price target for PEG at $88.00.
Public Service Enterprise Group Incorporated PEG News Analytics from Mon, 26 Feb 2024 08:00:00 GMT to Sat, 09 Nov 2024 14:04:41 GMT -
Rating 2
- Innovation -1
- Information 5
- Rumor -6
