Public Service Enterprise Group (PEG)

• Market cap: $45.6B
• 1 day: -0.31%
• 5 days: -3.18%
• 1 month: 9.24%
• 3 months: 13.13%
• 6 months: 22.25%
• Year to date: 48.72%
• 1 year: 46.20%
• 5 years: 51.45%
• 10 years: 51.45%
• Sector: Utilities
• Industry: Electric & Other Services Combined

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 Q3 regulatory filings by fund managers ($100M+ AUM)

438% more call options, than puts

Call options by funds: $241M | Put options by funds: $44.7M

106% more first-time investments, than exits

New positions opened: 161 | Existing positions closed: 78

18% more capital invested

Capital invested by funds: $27.9B [Q2] → $32.8B (+$4.91B) [Q3]

8% more funds holding

Funds holding: 1,056 [Q2] → 1,139 (+83) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 400 | Existing positions reduced: 382

2.14% less ownership

Funds ownership: 76.03% [Q2] → 73.89% (-2.14%) [Q3]

13% less funds holding in top 10

Funds holding in top 10: 8 [Q2] → 7 (-1) [Q3]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $85 7% downside
• Avg. target: $94 3% upside
• High target: $100 9% upside

10 analyst ratings

• positive: 6 60%
• neutral: 4 40%
• negative: 0 0%

Barclays Nicholas Campanella 75% 1-year accuracy 39 / 52 met price target	4% downside $88	Overweight Maintained	5 Nov 2024
UBS Ross Fowler 73% 1-year accuracy 11 / 15 met price target	7% upside $98	Neutral Maintained	30 Oct 2024
BMO Capital James Thalacker 75% 1-year accuracy 46 / 61 met price target	3% downside $89	Market Perform Maintained	21 Oct 2024
Wells Fargo Neil Kalton 85% 1-year accuracy 35 / 41 met price target	9% upside $100	Overweight Maintained	16 Oct 2024
Barclays Nicholas Campanella 75% 1-year accuracy 39 / 52 met price target	7% upside $98	Overweight Maintained	8 Oct 2024