Public Service Enterprise Group
PEG
Market cap $44.3B

88.99 USD

+1.99

2.29%

At close Nov 15, 4:00 PM EST

After hours

88.99

+0.00

0.00%

1 day

2.29%

5 days

3.39%

1 month

0.93%

3 months

10.68%

6 months

19.53%

Year to date

44.61%

1 year

41.52%

5 years

47.26%

10 years

47.26%

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 6,704 funds

0

Analysts bullish %

of 13 analysts

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

71% more first-time investments, than exits

New positions opened: 159 | Existing positions closed: 93

17% more capital invested

Capital invested by funds: $27.9B [Q2] → $32.8B (+$4.87B) [Q3]

6% more funds holding

Funds holding: 1,056 [Q2] → 1,122 (+66) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 396 | Existing positions reduced: 376

2.2% less ownership

Funds ownership: 76.03% [Q2] → 73.83% (-2.2%) [Q3]

13% less funds holding in top 10

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

See Fund Rankings

Research analyst outlook

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

Low target

$73

18%

downside

Avg. target

$91

2%

upside

High target

$100

12%

upside

13 analyst ratings

8 positive

62%

5 neutral

38%

0 negative

0%

Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target	1%downside $88	Overweight Maintained	5 Nov 2024
UBS Ross Fowler 75% 1-year accuracy 12 / 16 met price target	10%upside $98	Neutral Maintained	30 Oct 2024
BMO Capital James Thalacker 74% 1-year accuracy 55 / 74 met price target	0%upside $89	Market Perform Maintained	21 Oct 2024
Wells Fargo Neil Kalton 69% 1-year accuracy 33 / 48 met price target	12%upside $100	Overweight Maintained	16 Oct 2024
Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target	10%upside $98	Overweight Maintained	8 Oct 2024

See Analyst Rankings

Financial journalist opinion

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

PSE&G Wins Two Prestigious Awards

PSE&G receives the 2024 ReliabilityOne® Award for Outstanding Metropolitan Service Area Reliability Performance in the Mid-Atlantic Region for the 23rd consecutive year and the 2024 ReliabilityOne® Outstanding Customer Engagement Award NEWARK, N.J., Nov. 14, 2024 /PRNewswire/ -- Public Service Electric & Gas, New Jersey's largest utility, is the recipient of the 2024 ReliabilityOne® Award for Outstanding Reliability Performance in the Mid-Atlantic Metropolitan Service Area.

PSE&G Wins Two Prestigious Awards

PEG: Positioned To Profit From AI And Nuclear Power

Public Service Enterprise Group or PSEG is the largest utility in New Jersey, serving 2.4 million electric and 1.9 million natural gas customers. Despite a lower dividend yield than peers, PSEG has delivered a 62.88% total return over the past five years, outperforming its peers. PSEG's growth is driven by infrastructure investments, rate base expansion, and the increasing demand for nuclear power from technology companies.

PEG: Positioned To Profit From AI And Nuclear Power

With Winter Heating Season Nearing, PSEG Long Island Customers May Be Eligible for Assistance

Company reminds those struggling with bills that state programs are available UNIONDALE, N.Y. , Nov. 4, 2024 /PRNewswire/ -- As winter heating season approaches, PSEG Long Island reminds customers that programs exist to help people struggling with utility bills.

With Winter Heating Season Nearing, PSEG Long Island Customers May Be Eligible for Assistance

Zacks Investment Research

Public Service Enterprise Group Q3 Earnings Miss, Revenues Rise Y/Y

PEG's operating revenues in the third quarter total $2.64 billion, which beat the Zacks Consensus Estimate by 6.6%. The top line also increases 7.6% from the year-ago figure.

Public Service Enterprise Group Q3 Earnings Miss, Revenues Rise Y/Y

Public Service Enterprise Group Incorporated (PEG) Q3 2024 Earnings Call Transcript

Public Service Enterprise Group Incorporated (NYSE:PEG ) Q3 2024 Earnings Conference Call November 4, 2024 11:00 AM ET Company Participants Carlotta Chan - Investor Relations Ralph LaRossa - Chair, President and CEO Dan Cregg - Executive Vice President and CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Nicholas Campanella - Barclays Paul Zimbardo - Jefferies Jeremy Tonet - JP Morgan Durgesh Chopra - Evercore ISI Michael Sullivan - Wolfe Research David Arcaro - Morgan Stanley Anthony Crowdell - Mizuho Securities Paul Fremont - Ladenburg Thalmann Carly Davenport - Goldman Sachs Paul Patterson - Glenrock Associates 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) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Compared to Estimates, PSEG (PEG) Q3 Earnings: A Look at Key Metrics

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

Compared to Estimates, PSEG (PEG) Q3 Earnings: A Look at Key Metrics

Zacks Investment Research

PSEG (PEG) Q3 Earnings Miss Estimates

PSEG (PEG) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.85 per share a year ago.

PSEG (PEG) Q3 Earnings Miss Estimates

Public Service Enterprise Group beats Q3 profit estimates on higher sales

Public Service Enterprise Group beat Wall Street estimates for third-quarter profit on Monday, as the electric and gas utility benefited from growth in distribution margins and higher retail sales.

Public Service Enterprise Group beats Q3 profit estimates on higher sales

PSEG ANNOUNCES THIRD QUARTER 2024 RESULTS

$1.04 PER SHARE NET INCOME $0.90 PER SHARE NON-GAAP OPERATING EARNINGS PSE&G Distribution Base Rate Case Settlement Approved and Implemented PSE&G's Energy Efficiency Programs Expanded and Extended PSEG Narrows Full-Year 2024 Non-GAAP Operating Earnings Guidance NEWARK, N.J., Nov. 4, 2024 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the third quarter of 2024: PSEG Consolidated (unaudited)Third Quarter Comparative Results Income Diluted Earnings Per Share ($ millions, except per share amounts) 3Q 2024 3Q 2023 3Q 2024 3Q 2023 Net Income $520 $139 $1.04 $0.27 Reconciling Items (72) 286 (0.14) 0.58 Non-GAAP Operating Earnings $448 $425 $0.90 $0.85 Average Shares 500 500 See Attachments 8 and 9 for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings.

PSEG ANNOUNCES THIRD QUARTER 2024 RESULTS

PSE&G Announces Approval of Clean Energy Future-Energy Efficiency II Program to Drive Continued Energy Savings in New Jersey

$4 Billion in Projected Lifetime Bill Savings for Participating Customers NEWARK, N.J., Oct. 30, 2024 /PRNewswire/ -- PSE&G today announced the approval of its Clean Energy Future - Energy Efficiency II Program (CEF-EE II) by the New Jersey Board of Public Utilities (NJBPU).

PSE&G Announces Approval of Clean Energy Future-Energy Efficiency II Program to Drive Continued Energy Savings in New Jersey

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