Public Service Enterprise Group Incorporated (PEG), a favorite among institutional investors, has a highly positive long-term earnings outlook. Although Q1 earnings missed expectations, revenues grew year over year, with Q2 earnings beating estimates. Analysts are bullish on the PEG stock, even though insiders have sold US$5.1m of shares indicating hesitancy. Irrespective of minor setbacks, investors who purchased PEG stocks five years ago have seen returns of 95%. PEG has periodically increased its dividend, leading to increased investor optimism, despite its extensive use of debt. The firm shows strong commitment to clean energy through smart investments in its nuclear fleet to meet growing power demand, especially from surging data center energy demands. Despite the stock outperforming the utilities sector, it faces stiff competition from other utility stocks for better return. Finally, PEG's impressive return on equity suggests solid financial robustness, although Ladenburg cuts PSEG stock rating to neutral on lower EPS forecast.
Public Service Enterprise Group Incorporated PEG News Analytics from Sun, 21 Jul 2024 07:00:00 GMT to Thu, 04 Sep 2025 16:08:51 GMT -
Rating 7
- Innovation 2
- Information 5
- Rumor -2
