Fintel reports that on June 17, 2024, Guggenheim upgraded their outlook for Public Service Enterprise Group (NYSE:PEG) from Neutral to Buy.
Analyst Price Forecast Suggests 1.71% Upside
As of June 12, 2024, the average one-year price target for Public Service Enterprise Group is 73.88. The forecasts range from a low of 62.12 to a high of $84.00. The average price target represents an increase of 1.71% from its latest reported closing price of 72.64.
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The projected annual revenue for Public Service Enterprise Group is 9,526MM, a decrease of 6.99%. The projected annual non-GAAP EPS is 3.88.
What is the Fund Sentiment?
There are 1,787 funds or institutions reporting positions in Public Service Enterprise Group. This is an increase of 33 owner(s) or 1.88% in the last quarter. Average portfolio weight of all funds dedicated to PEG is 0.29%, an increase of 4.37%. Total shares owned by institutions decreased in the last three months by 0.66% to 428,514K shares. 
The put/call ratio of PEG is 0.46, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 25,726K shares representing 5.16% ownership of the company. In its prior filing, the firm reported owning 30,141K shares , representing a decrease of 17.16%. The firm decreased its portfolio allocation in PEG by 90.86% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,686K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 15,547K shares , representing an increase of 0.89%. The firm increased its portfolio allocation in PEG by 0.45% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 12,557K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 12,172K shares , representing an increase of 3.06%. The firm decreased its portfolio allocation in PEG by 0.67% over the last quarter.
Geode Capital Management holds 11,516K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 11,163K shares , representing an increase of 3.06%. The firm decreased its portfolio allocation in PEG by 0.41% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 10,844K shares representing 2.18% ownership of the company. In its prior filing, the firm reported owning 11,186K shares , representing a decrease of 3.15%. The firm decreased its portfolio allocation in PEG by 1.16% over the last quarter.
Public Service Enterprise Group Background Information
(This description is provided by the company.)
Public Service Enterprise Group Inc. (PSEG) is a publicly traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 13 consecutive years.
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