Public Service Enterprise Group, also known as PEG, has been making waves in the investment community. A series of growth initiatives and a focus on nuclear power have attracted various investment groups.
Nordea Investment Management,
Allspring Global Investments, and
Applied Finance Capital Management have all expanded their holdings in PEG. On the adverse, some institutions like the
New York State Teachers Retirement System have reduced their stake. Despite the mixed trading, analysts such as
TD Cowen and
Seaport Res Ptn are giving PEG positive reactions, with Cowen issuing a strong-buy rating and setting a target price of $93. Despite suffering some stock price decline, PEG boasts robust earnings growth, with both
Q1 and Q2 2025 earnings showing strong financial performance. Not only is the recent financial health impressing investors, but future prospects too, especially with the
LIPA grid operations extension secured by PEG. However, there has been some caution expressed due to PEG's debt situation and the recent downgrade by Barclays causing a dip in PEG shares. A notable factor driving PEG's performance is its stance on clean energy development and efficient service provision, such as the
5-year extension to serve Long Island and the Rockaways.
Public Service Enterprise Group Incorporated PEG News Analytics from Mon, 11 Nov 2024 08:00:00 GMT to Sat, 18 Oct 2025 09:10:11 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor 4
