Public Service Enterprise Group (PEG)

• Market cap: $41.6B
• 1 day: -0.36%
• 5 days: -1.49%
• 1 month: -0.76%
• 3 months: -3.76%
• 6 months: 3.68%
• Year to date: -1.92%
• 1 year: 40.69%
• 5 years: 38.13%
• 10 years: 38.13%
• 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

168% more first-time investments, than exits

New positions opened: 161 | Existing positions closed: 60

16% more capital invested

Capital invested by funds: $29.7B [Q2] → $34.4B (+$4.69B) [Q3]

8% more funds holding

Funds holding: 1,056 [Q2] → 1,144 (+88) [Q3]

4% more repeat investments, than reductions

Existing positions increased: 401 | Existing positions reduced: 384

3.5% less ownership

Funds ownership: 80.96% [Q2] → 77.45% (-3.5%) [Q3]

13% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $86 3% upside
• Avg. target: $91 9% upside
• High target: $95 14% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Morgan Stanley David Arcaro 69% 1-year accuracy 29 / 42 met price target	11% upside $93	Overweight Maintained	20 Dec 2024
Scotiabank Andrew Weisel 71% 1-year accuracy 20 / 28 met price target	3% upside $86	Sector Perform Maintained	12 Dec 2024
UBS Ross Fowler 63% 1-year accuracy 15 / 24 met price target	14% upside $95	Neutral Maintained	26 Nov 2024