Public Service Enterprise Group
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 4 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
164% more first-time investments, than exits
New positions opened: 161 | Existing positions closed: 61
16% more capital invested
Capital invested by funds: $29.7B [Q2] → $34.4B (+$4.68B) [Q3]
8% more funds holding
Funds holding: 1,057 [Q2] → 1,143 (+86) [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
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$86
2%
downside
Avg. target
$90
2%
upside
High target
$98
11%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Scotiabank Andrew Weisel 50% 1-year accuracy 14 / 28 met price target | 2%downside $86 | Sector Perform Maintained | 12 Dec 2024 |
Barclays Nicholas Campanella 68% 1-year accuracy 50 / 74 met price target | 0%downside $88 | Overweight Maintained | 5 Nov 2024 |
UBS Ross Fowler 65% 1-year accuracy 13 / 20 met price target | 11%upside $98 | Neutral Maintained | 30 Oct 2024 |
BMO Capital James Thalacker 68% 1-year accuracy 52 / 76 met price target | 1%upside $89 | Market Perform Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 3 articles about PEG published over the past 30 days
Neutral
PRNewsWire
2 weeks ago
PSE&G ranked No. 1 for Both Gas and Electric Utility Residential Customer Satisfaction in the East among Large Utilities by J.D.
Second Dual Win Continues Legacy of Excellence NEWARK, N.J. , Jan. 6, 2025 /PRNewswire/ -- Public Service Electric & Gas (PSE&G), New Jersey's largest utility, is proud to announce that J.D.
Neutral
Zacks Investment Research
3 weeks ago
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.
Positive
Zacks Investment Research
3 weeks ago
PNW vs. PEG: Which Stock Should Value Investors Buy Now?
Investors looking for stocks in the Utility - Electric Power sector might want to consider either Pinnacle West (PNW) or PSEG (PEG). But which of these two stocks is more attractive to value investors?
Neutral
PRNewsWire
1 month ago
PSEG Foundation Celebrates 10 Years and Nearly $8M in Grants, Empowering Communities Across New Jersey and New York
The Neighborhood Partners Program has supported over 400 nonprofits in 14 counties across New Jersey and Long Island NEWARK, N.J., Dec. 16, 2024 /PRNewswire/ -- The PSEG Foundation celebrated a decade of community impact through its Neighborhood Partners Program (NPP), hosting a special event to honor more than 400 nonprofit organizations that have received nearly $8 million in grants since the program's inception.
Positive
Zacks Investment Research
1 month ago
DTE or PEG: Which Is the Better Value Stock Right Now?
Investors interested in Utility - Electric Power stocks are likely familiar with DTE Energy (DTE) and PSEG (PEG). But which of these two stocks presents investors with the better value opportunity right now?
Neutral
PRNewsWire
2 months ago
PSEG Declares Regular Quarterly Dividend for the Fourth Quarter of 2024
NEWARK, N.J. , Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.60 per share dividend on the outstanding common stock of the company for the fourth quarter of 2024.
Neutral
PRNewsWire
2 months ago
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.
Positive
Seeking Alpha
2 months ago
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.
Neutral
PRNewsWire
2 months ago
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.
Neutral
Zacks Investment Research
2 months ago
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.
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