PEG stock icon

Public Service Enterprise Group
PEG

$73.57
1.58%
 

About: Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.2 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.

Employees: 25,086

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 17 analysts
0
News positive %
of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

392% more call options, than puts

Call options by funds: $177M | Put options by funds: $36M

125% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 9 (+5) [Q1 2024]

9% more capital invested

Capital invested by funds: $22.3B [Q4 2023] → $24.3B (+$1.96B) [Q1 2024]

0% more funds holding

Funds holding: 979 [Q4 2023] → 979 (+0) [Q1 2024]

0% more first-time investments, than exits

New positions opened: 102 | Existing positions closed: 102

0.29% less ownership

Funds ownership: 73.23% [Q4 2023] → 72.94% (-0.29%) [Q1 2024]

2% less repeat investments, than reductions

Existing positions increased: 352 | Existing positions reduced: 361

Research analyst outlook

17 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$61
17%
downside
Avg. target
$71
3%
downside
High target
$82
11%
upside

17 analyst ratings

14 positive
82%
neutral
18%
negative
0%
Morgan Stanley
David Arcaro
3%upside
$76
Overweight
Maintained
24 Jun 2024
Guggenheim
Shahriar Pourreza
11%upside
$82
Buy
Upgraded
17 Jun 2024
B of A Securities
Julien Dumoulin-Smith
9%upside
$80
Buy
Maintained
6 Jun 2024
Morgan Stanley
David Arcaro
6%upside
$78
Overweight
Maintained
28 May 2024
Mizuho
Anthony Crowdell
9%upside
$80
Buy
Maintained
23 May 2024

Financial journalist opinion

Based on 6 articles about PEG published over the past 30 days