Public Service Enterprise Group (PEG)

• Market cap: $40.8B
• 1 day: -2.06%
• 5 days: -2.36%
• 1 month: -2.88%
• 3 months: -4.65%
• 6 months: -9.54%
• Year to date: -6.08%
• 1 year: 15.71%
• 5 years: 32.27%
• 10 years: 32.27%
• Sector: Utilities
• Industry: Electric Utilities

About: Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and PSEG Power, which owns all or a share of three nuclear plans 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: 26,094

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

395% more call options, than puts

Call options by funds: $217M | Put options by funds: $43.8M

116% more first-time investments, than exits

New positions opened: 171 | Existing positions closed: 79

17% more repeat investments, than reductions

Existing positions increased: 455 | Existing positions reduced: 389

6% more funds holding

Funds holding: 1,151 [Q3] → 1,216 (+65) [Q4]

1.03% more ownership

Funds ownership: 73.8% [Q3] → 74.82% (+1.03%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 7 (+0) [Q4]

4% less capital invested

Capital invested by funds: $32.8B [Q3] → $31.5B (-$1.28B) [Q4]

Research analyst outlook

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

• Low target: $83 4% upside
• Avg. target: $92 15% upside
• High target: $100 25% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

BMO Capital James Thalacker 78% 1-year accuracy 59 / 76 met price target	4% upside $83	Market Perform Maintained	10 Apr 2025
Barclays Nicholas Campanella 58% 1-year accuracy 46 / 80 met price target	4% upside $83	Equal-Weight Maintained	8 Apr 2025
Morgan Stanley David Arcaro 48% 1-year accuracy 22 / 46 met price target	25% upside $100	Overweight Maintained	20 Mar 2025
B of A Securities Julien Dumoulin-Smith 62% 1-year accuracy 53 / 86 met price target	15% upside $92	Buy Maintained	3 Mar 2025
Guggenheim Shahriar Pourreza 52% 1-year accuracy 12 / 23 met price target	23% upside $98	Buy Reiterated	26 Feb 2025