Public Service Enterprise Group
PEG

$79.94

1.19%

Market Cap: $39.8B

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

Utilities Electric & Other Services Combined

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

305% more call options, than puts

Call options by funds: $143M | Put options by funds: $35.4M

57% more first-time investments, than exits

New positions opened: 148 | Existing positions closed: 94

19% more repeat investments, than reductions

Existing positions increased: 392 | Existing positions reduced: 329

11% more capital invested

Capital invested by funds: $24.7B [Q1] → $27.4B (+$2.74B) [Q2]

5% more funds holding

Funds holding: 995 [Q1] → 1,049 (+54) [Q2]

0.58% more ownership

Funds ownership: 74.17% [Q1] → 74.75% (+0.58%) [Q2]

11% less funds holding in top 10

Funds holding in top 10: 9 [Q1] → 8 (-1) [Q2]

See Fund Rankings

Research analyst outlook

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

Low target

$73

9%

downside

Avg. target

$81

1%

upside

High target

$88

10%

upside

9 analyst ratings

6 positive

67%

3 neutral

33%

0 negative

0%

B of A Securities Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target	10%upside $88	Buy Maintained	29 Aug 2024
Morgan Stanley David Arcaro 58% 1-year accuracy 25 / 43 met price target	4%upside $83	Overweight Maintained	23 Aug 2024
Scotiabank Andrew Weisel 87% 1-year accuracy 20 / 23 met price target	9%downside $73	Sector Perform Maintained	20 Aug 2024
BMO Capital James Thalacker 87% 1-year accuracy 52 / 60 met price target	8%upside $86	Market Perform Maintained	2 Aug 2024
RBC Capital Shelby Tucker 87% 1-year accuracy 20 / 23 met price target	5%upside $84	Outperform Maintained	15 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about PEG published over the past 30 days

Zacks Investment Research

PSEG (PEG) Up 0.9% Since Last Earnings Report: Can It Continue?

PSEG (PEG) reported earnings 30 days ago. What's next for the stock?

PSEG (PEG) Up 0.9% Since Last Earnings Report: Can It Continue?

Zacks Investment Research

PSEG Stock Rides on Investments Despite Weak Financial Position

PEG is expected to benefit from renewable expansion and its systematic investment plan despite the effects of elevated costs to remediate all MGP sites.

PSEG Stock Rides on Investments Despite Weak Financial Position

Zacks Investment Research

XEL vs. PEG: Which Stock Is the Better Value Option?

Investors interested in Utility - Electric Power stocks are likely familiar with Xcel Energy (XEL) and PSEG (PEG). But which of these two stocks offers value investors a better bang for their buck right now?

XEL vs. PEG: Which Stock Is the Better Value Option?

CNBC Television

We're seeing AI power demand start to pick up in New Jersey, says PSEG CEO Ralph Larossa

Ralph Larossa, PSEG CEO, joins 'Closing Bell Overtime' to talk energy demand, nuclear power investments, and more.

We're seeing AI power demand start to pick up in New Jersey, says PSEG CEO Ralph Larossa

Zacks Investment Research

Defensive Sectors Breakout: 3 Stocks to Buy Now for Protection

Over the past month we have observed some very interesting activity across the market's more defensive sectors, considerable outperformance. Below we can see just how significantly the Utilities ( XLU ), Healthcare ( XLV ), Energy ( XLE ) and Real Estate ( XLRE ) sector ETF have outperformed the S&P 500 (in orange).

Defensive Sectors Breakout: 3 Stocks to Buy Now for Protection

Zacks Investment Research

XEL vs. PEG: Which Stock Should Value Investors Buy Now?

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Xcel Energy (XEL) and PSEG (PEG). But which of these two stocks is more attractive to value investors?

XEL vs. PEG: Which Stock Should Value Investors Buy Now?

Public Service Enterprise Group Incorporated (PEG) Q2 2024 Earnings Call Transcript

Public Service Enterprise Group Incorporated (NYSE:PEG ) Q2 2024 Earnings Conference Call July 30, 2024 11:00 AM ET Company Participants Carlotta Chan - Investor Relations Ralph LaRossa - Chair, President and Chief Executive Officer Dan Cregg - Executive Vice President and Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Jefferies Shar Pourreza - Guggenheim Michael Sullivan - Wolfe Research Nick Campanella - Barclays Jeremy Tonet - JP Morgan David Arcaro - Morgan Stanley Carly Davenport - Goldman Sachs Ryan Levine - Citi Andrew Weisel - Scotiabank Anthony Crowdell - Mizuho Securities Bill Appicelli - UBS Operator Ladies and gentlemen, thank you for standing by. My name is Rob and I'm your event operator today.

Public Service Enterprise Group Incorporated (PEG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

PSEG (PEG) Q2 Earnings Miss Estimates, Revenues Rise Y/Y

PSEG's (PEG) second-quarter earnings lag estimates, while revenues surge year over year. The company's 2024 EPS outlook remains unchanged.

PSEG (PEG) Q2 Earnings Miss Estimates, Revenues Rise Y/Y

Zacks Investment Research

PSEG (PEG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for PSEG (PEG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

PSEG (PEG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

PSEG (PEG) Q2 Earnings Miss Estimates

PSEG (PEG) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.70 per share a year ago.

PSEG (PEG) Q2 Earnings Miss Estimates

See News Rankings