Public Service Enterprise Group
PEG

$76.01

2.38%

Market Cap: 37.9B

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

Utilities Electric & Other Services Combined

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 18 analysts

0

News positive %

of 12 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

See Fund Rankings

Research analyst outlook

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

Low target

$62

18%

downside

Avg. target

$74

3%

downside

High target

$84

11%

upside

18 analyst ratings

15 positive

83%

3 neutral

17%

0 negative

0%

RBC Capital Shelby Tucker	11%upside $84	Outperform Maintained	15 Jul 2024
Barclays Nicholas Campanella	5%upside $80	Overweight Maintained	10 Jul 2024
BMO Capital James Thalacker	3%downside $74	Market Perform Maintained	3 Jul 2024
Morgan Stanley David Arcaro	0%downside $76	Overweight Maintained	24 Jun 2024
Guggenheim Shahriar Pourreza	8%upside $82	Buy Upgraded	17 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 12 articles about PEG published over the past 30 days

7 Recession-Resistant Stocks to Put Your Mind at Ease

Big changes may be over the horizon this November. With the wild election cycle shifting up another gear, it's never been more important to consider adjusting one's portfolio.

7 Recession-Resistant Stocks to Put Your Mind at Ease

PSEG Long Island Is Prepared for Summer 2024

UNIONDALE, N.Y. , July 25, 2024 /PRNewswire/ -- Summer has arrived, and PSEG Long Island is prepared for hurricane season and to meet peak demand during extreme heat situations in the coming months.

PSEG Long Island Is Prepared for Summer 2024

Zacks Investment Research

PSEG (PEG) to Report Q2 Earnings: Here's What to Expect

PSEG's (PEG) Q2 results are likely to benefit from the favorable weather pattern. However, higher interest expenses may have hurt earnings.

PSEG (PEG) to Report Q2 Earnings: Here's What to Expect

Zacks Investment Research

Analysts Estimate PSEG (PEG) to Report a Decline in Earnings: What to Look Out for

PSEG (PEG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate PSEG (PEG) to Report a Decline in Earnings: What to Look Out for

Public Service Enterprise Group: Revisiting The Growth Thesis

Public Service Enterprise Group is the largest electric and natural gas utility in New Jersey, with its service territory encompassing most of the state. PEG stock yields 3.22%, lower than some peers, but increases dividends annually, potentially offering higher yields in the future. The company's net debt and net interest expenses have been rising, which has been putting pressure on the company's ability to grow its earnings.

Public Service Enterprise Group: Revisiting The Growth Thesis

The Next Big Winners: 3 Under-The-Radar Stocks With Strong Potential

Popular stocks tend to get overvalued quickly. This can be a double-edged sword.

The Next Big Winners: 3 Under-The-Radar Stocks With Strong Potential

PSEG Declares Regular Quarterly Dividend for the Third Quarter of 2024

NEWARK, N.J. , July 15, 2024 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.60 per share dividend on the outstanding common stock of the company for the third quarter of 2024.

PSEG Declares Regular Quarterly Dividend for the Third Quarter of 2024

PSE&G's Energy Efficiency Programs Are Now Projected to Save $484M and Avoid Approximately 1.6M Metric Tons of Carbon Emissions Annually

Over 97,000 Retail Appliance Rebates Provided and Approximately $12 Million on Utility Bills Saved for Business Customers Participating in the PSE&G Small Business Direct Install Program NEWARK, N.J., July 9, 2024 /PRNewswire/ -- PSE&G's latest report on its Clean Energy Future Energy Efficiency (CEF-EE) initiatives indicates a continuation of positive results from programs implementation through March 31, 2024.

PSE&G's Energy Efficiency Programs Are Now Projected to Save $484M and Avoid Approximately 1.6M Metric Tons of Carbon Emissions Annually

Zacks Investment Research

Here's Why PSEG (PEG) is a Strong Momentum Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Here's Why PSEG (PEG) is a Strong Momentum Stock

Zacks Investment Research

CNP or PEG: Which Is the Better Value Stock Right Now?

Investors interested in Utility - Electric Power stocks are likely familiar with CenterPoint Energy (CNP) and PSEG (PEG). But which of these two companies is the best option for those looking for undervalued stocks?

CNP or PEG: Which Is the Better Value Stock Right Now?

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