Public Service Enterprise Group Incorporated (PEG) experienced various stockholdings adjustments. While multiple entities such as
Flagship Harbor Advisors LLC, Patton Fund Management Inc., KBC Group NV, Foundations Investment Advisors LLC, and
Janney Montgomery Scott LLC increased their stakes, some including
SG Americas Securities LLC, Pacer Advisors Inc., Forsta AP Fonden, Asset Dedication LLC, and
International Assets Investment Management LLC lowered their positions. PEG also attracted new investors like
Ibex Wealth Advisors and Crews Bank & Trust. Meanwhile,
Barclays downgraded their rating of PEG to Equal Weight due to AI Data Center concerns, contrasting with
JPMorgan which maintained an Overweight rating albeit adjusting the price target from $105 to $92. The company reported strong Q3 2024 financial results bolstering institutional investor sentiments allowing an impressive 4.7% rise in stock. Despite a president's sale of $86,115 in stock, PEG received a Moderate Buy consensus recommendation and benefited from solid fundamental performance. Concerns about the company's debt load, insider sales totaling US$3.2m, and a lower than expected financial position, maintained cautious investor perspectives.
Public Service Enterprise Group Incorporated PEG News Analytics from Mon, 26 Feb 2024 08:00:00 GMT to Sat, 01 Feb 2025 21:52:22 GMT -
Rating 3
- Innovation -3
- Information 6
- Rumor -4
