Public Service Enterprise Group Incorporated (PEG) continues to show promising returns for investors, with a commendable 86% return over the last five years. Various institutions such as Morgan Stanley and JP Morgan have adjusted their price targets for PEG, maintaining an overweight rating. PEG reported its Q3 2024 earnings, exhibiting strong financial performance, and increased the common stock dividend for 2025. Insiders have sold significant amounts of stock, fueling speculation of potential weaknesses. However, institutional investors remain confident, with Choreo LLC, Sumitomo Mitsui Trust Group Inc., and Mirae Asset Global Investments bolstering their positions. PEG was also named a top Goldman Sachs Phase 2 AI stock, up 42% YTD. However, investors express concern about PEG's debt load. On another positive note, PSEG Employees have volunteered to support Children's Specialized Hospital and partnered with community organizations. PSEG has also received regulatory approval for its rate case settlement. Meanwhile, PSEG's CEO Larossa Ralph A increased his direct ownership by 25%, demonstrating long-term belief in PEG's stability and growth prospects. Despite a recent drop due to a Barclays downgrade and AI data center concerns, the stock has witnessed instances of rallying to an all-time high of $92.2. Forward-looking, the upcoming announcement of Q4 and full year 2024 results are anticipated with interest by stakeholders.
Public Service Enterprise Group Incorporated PEG News Analytics from Thu, 12 Aug 2021 07:00:00 GMT to Fri, 21 Feb 2025 20:21:00 GMT -
Rating 7
- Innovation 2
- Information 9
- Rumor -2
