Rakuten Investment Management Inc. has initiated an investment in
Public Service Enterprise Group Incorporated (PEG).
PSEG and Wells Fargo upgraded PEG's stock rating to Overweight. Meanwhile, Jennison Associates LLC and Mitsubishi UFJ Trust & Banking Corp reduced their holdings in PEG. Other investments came from Allstate Corp and Universal Beteiligungs und Servicegesellschaft mbH. Massachusetts Financial Services Co. MA and QRG Capital Management increased their stake in PEG.
Barclays set a new price target for PEG at $81.00.
JPMorgan Chase & Co and J.P. Morgan downgraded their rating for PEG. PEG's net quarterly earnings and dividends were highlighted, with an emphasis on
financial performance. The company also elected Geisha Williams to its board of directors.
Nordea Investment Management AB maintains substantial holdings in PEG, alongside RWC Asset Management LLP and Oregon Public Employees Retirement Fund. Despite downward share price movement, long-term investors have still seen a positive return on investment. Barclays and Morgan Stanley have revised their price targets for PEG. While there are concerns regarding PEG's debt levels and potential market volatility, the company is generally favored by institutional investors.
Public Service Enterprise Group Incorporated PEG News Analytics from Sun, 13 Apr 2025 07:00:00 GMT to Sat, 24 Jan 2026 13:44:49 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -2
