Public Service Enterprise Group (PEG)

• Market cap: $42.4B
• 1 day: 2.25%
• 5 days: -2.08%
• 1 month: -6.00%
• 3 months: -1.96%
• 6 months: 15.60%
• Year to date: 38.22%
• 1 year: 40.04%
• 5 years: 40.76%
• 10 years: 40.76%
• 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

115% more first-time investments, than exits

New positions opened: 161 | Existing positions closed: 75

18% more capital invested

Capital invested by funds: $27.9B [Q2] → $32.8B (+$4.93B) [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

2.09% less ownership

Funds ownership: 76.03% [Q2] → 73.94% (-2.09%) [Q3]

13% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $86 1% upside
• Avg. target: $93 9% upside
• High target: $100 18% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

Scotiabank Andrew Weisel 46% 1-year accuracy 13 / 28 met price target	1% upside $86	Sector Perform Maintained	12 Dec 2024
Barclays Nicholas Campanella 63% 1-year accuracy 45 / 71 met price target	3% upside $88	Overweight Maintained	5 Nov 2024
UBS Ross Fowler 58% 1-year accuracy 11 / 19 met price target	15% upside $98	Neutral Maintained	30 Oct 2024
BMO Capital James Thalacker 64% 1-year accuracy 49 / 77 met price target	5% upside $89	Market Perform Maintained	21 Oct 2024
Wells Fargo Neil Kalton 60% 1-year accuracy 28 / 47 met price target	18% upside $100	Overweight Maintained	16 Oct 2024