In the energy industry, the Public Service Enterprise Group Incorporated (PEG) stands out with a plethora of strong positions taken by numerous investment groups and pension funds. PEG has consistently demonstrated strong financial results over recent quarters, leading industry analysts to maintain a bullish outlook on the company's stock. Factors such as the five-year extension awarding PSEG Long Island as NY's top overhead electric provider have contributed to this optimism.
However, several groups like the Public Employees Retirement System of Ohio and International Private Wealth Advisors have reduced their stakes in PEG. Despite such minor setbacks, there's renewed faith in PEG’s financial performance, with Mariner Investment Group, Harrell Investment Partners, and Integrity Alliance making significant new investments in the company. PEG gained further confidence with a new $103.00 Price Target set by Morgan Stanley. Despite a dip in holdings by Swedbank AB and Assenagon Asset Management, other prominent firms amplified their stakes, highlighting the company’s potential among savvy investors.
Furthermore, PEG continues to outperform with higher-than-expected Q2-2025 results and projected strong long-term earnings. Interestingly, despite insiders selling US$5.1m of shares, the company retains a strong financial backbone bolstered by smart investments and a focused clean-energy initiative.
Public Service Enterprise Group Incorporated PEG News Analytics from Mon, 04 Nov 2024 08:00:00 GMT to Sat, 27 Sep 2025 09:12:06 GMT - Rating 8 - Innovation -4 - Information 8 - Rumor -5
