Public Service Enterprise Group (PSEG) has been under the spotlight recently with numerous financial movements.
Hennessy Advisors Inc., Assenagon Asset Management S.A., and Cullen Investment Group Ltd. increased their stock holdings, and
Avanza Fonder AB purchased 56,055 shares. Other notable purchases include
Oak Thistle LLC's $854,000 investment and 13,207 shares bought by
USA Financial Formulas. Conversely,
International Assets Investment Management LLC and
Nordea Investment Management AB sold their PSEG shares, and several insider sell-offs were made by PSEG president,
Ralph Larossa. Notwithstanding, PSEG outperformed competitors on strong trading days and even reported Q3 2024 earnings that exceeded estimates. The firm reported a dividend of $0.60 and declared regular quarterly dividends for Q4 2024. A 2-million
smart meter installation has been a major achievement along with an 8.9% EPS beat. The firm is also driving its social responsibility initiatives, pledging $250,000 to fight the New Jersey hunger crisis and awarding $1 million to Montclair State University for their Green Teams Program expansion. Currently, institutional investors control 75% of PSEG, and anticipation is high for the firm's third quarter 2024 results.
Public Service Enterprise Group Incorporated PEG News Analytics from Mon, 26 Feb 2024 08:00:00 GMT to Sat, 18 Jan 2025 14:00:22 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -3
