Public Service Enterprise GroupPEG
Market Cap: $39.8B
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 4.3 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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
305% more call options, than puts
Call options by funds: $143M | Put options by funds: $35.4M
57% more first-time investments, than exits
New positions opened: 148 | Existing positions closed: 94
19% more repeat investments, than reductions
Existing positions increased: 392 | Existing positions reduced: 329
11% more capital invested
Capital invested by funds: $24.7B [Q1] → $27.4B (+$2.74B) [Q2]
5% more funds holding
Funds holding: 995 [Q1] → 1,049 (+54) [Q2]
0.58% more ownership
Funds ownership: 74.17% [Q1] → 74.75% (+0.58%) [Q2]
11% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 8 (-1) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
B of A Securities Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target | 10%upside $88 | Buy Maintained | 29 Aug 2024 |
Morgan Stanley David Arcaro 58% 1-year accuracy 25 / 43 met price target | 4%upside $83 | Overweight Maintained | 23 Aug 2024 |
Scotiabank Andrew Weisel 87% 1-year accuracy 20 / 23 met price target | 9%downside $73 | Sector Perform Maintained | 20 Aug 2024 |
BMO Capital James Thalacker 87% 1-year accuracy 52 / 60 met price target | 8%upside $86 | Market Perform Maintained | 2 Aug 2024 |
RBC Capital Shelby Tucker 87% 1-year accuracy 20 / 23 met price target | 5%upside $84 | Outperform Maintained | 15 Jul 2024 |
Financial journalist opinion
Based on 4 articles about PEG published over the past 30 days