Several investment management and advisory firms have increased their
stock positions in
Public Service Enterprise Group Incorporated (PSEG) $PEG, reinforcing PSEG's strong foothold in the utility market. PSEG is notably favored by
institutional investors, who now own 76% of the company. Recently, PSEG reported robust
Q2 2025 earnings, exceeding
financial expectations. The company's
earnings outlook for the long term remains positive, a sentiment echoed by Wall Street analysts. Despite challenges, PSEG's stock has been resilient, delivering a return of 95% to those who invested five years ago. Notably, PSEG Long Island was awarded a
five-year contract extension to continue its electricity provision services, which is expected to bring stability to its long-term revenue. The company has also announced an increase in its
quarterly dividend to $0.63, cementing its commitment to shareholder returns. Nevertheless, there have been mixed responses on PSEG's stock performance compared to other utility stocks, and insiders have reportedly sold $5.1m of shares, indicating some level of hesitancy.
Public Service Enterprise Group Incorporated PEG News Analytics from Mon, 04 Nov 2024 08:00:00 GMT to Sat, 04 Oct 2025 12:33:47 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -3
