Fintel reports that on October 24, 2023, Barclays maintained coverage of Public Service Enterprise Group (NYSE:PEG) with a Overweight recommendation.
Analyst Price Forecast Suggests 11.89% Upside
As of October 4, 2023, the average one-year price target for Public Service Enterprise Group is 67.67. The forecasts range from a low of 61.10 to a high of $75.60. The average price target represents an increase of 11.89% from its latest reported closing price of 60.48.
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The projected annual revenue for Public Service Enterprise Group is 9,290MM, a decrease of 19.82%. The projected annual non-GAAP EPS is 3.53.
What is the Fund Sentiment?
There are 1655 funds or institutions reporting positions in Public Service Enterprise Group. This is a decrease of 18 owner(s) or 1.08% in the last quarter. Average portfolio weight of all funds dedicated to PEG is 0.29%, an increase of 0.33%. Total shares owned by institutions increased in the last three months by 1.15% to 429,369K shares. 
The put/call ratio of PEG is 0.34, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 32,294K shares representing 6.47% ownership of the company. In it's prior filing, the firm reported owning 23,277K shares, representing an increase of 27.92%. The firm increased its portfolio allocation in PEG by 888.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,541K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 15,444K shares, representing an increase of 0.62%. The firm decreased its portfolio allocation in PEG by 6.92% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 11,880K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 11,643K shares, representing an increase of 2.00%. The firm decreased its portfolio allocation in PEG by 7.35% over the last quarter.
Geode Capital Management holds 10,699K shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 10,254K shares, representing an increase of 4.16%. The firm decreased its portfolio allocation in PEG by 5.36% over the last quarter.
Capital Research Global Investors holds 10,418K shares representing 2.09% ownership of the company. In it's prior filing, the firm reported owning 15,547K shares, representing a decrease of 49.23%. The firm decreased its portfolio allocation in PEG by 36.92% 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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