Public Service Enterprise Group
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 Q4 regulatory filings by fund managers ($100M+ AUM)
397% more call options, than puts
Call options by funds: $217M | Put options by funds: $43.7M
100% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 79
17% more repeat investments, than reductions
Existing positions increased: 444 | Existing positions reduced: 379
2% more funds holding
Funds holding: 1,148 [Q3] → 1,175 (+27) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 7 (+0) [Q4]
2.85% less ownership
Funds ownership: 77.46% [Q3] → 74.61% (-2.85%) [Q4]
9% less capital invested
Capital invested by funds: $34.4B [Q3] → $31.4B (-$3B) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Morgan Stanley David Arcaro 72% 1-year accuracy 31 / 43 met price target | 11%upside $93 | Overweight Maintained | 20 Dec 2024 |
Scotiabank Andrew Weisel 75% 1-year accuracy 21 / 28 met price target | 2%upside $86 | Sector Perform Maintained | 12 Dec 2024 |
UBS Ross Fowler 71% 1-year accuracy 17 / 24 met price target | 13%upside $95 | Neutral Maintained | 26 Nov 2024 |
Financial journalist opinion
Based on 7 articles about PEG published over the past 30 days
