Public Service Enterprise Group Inc (PEG)

PSEG reported Q1 2025 net income of $1.18 per share and non-GAAP operating earnings of $1.43 per share. PSEG began filing lawsuits against landowners for the Maryland Piedmont Reliability Project, leading to opposition. PSEG announced Q2 2025 net income of $1.17 per share and non-GAAP operating earnings of $0.77 per share, but the stock declined due to debt and regulatory concerns. PSEG Long Island's contract was extended for five years in September 2025. The average one-year price target for PEG stock was $91.85, with a "Moderate Buy" consensus. PSEG's Board declared a $0.63 per share quarterly dividend for Q1 2025, marking the 14th consecutive annual increase. Analysts anticipate earnings of $1.02 per share for Q3 2025.

Demand for Public Service Enterprise Group's products and services exhibits seasonality, primarily driven by weather conditions. There is increased demand for natural gas and electricity during the colder months for heating. High temperatures and humidity during the summer lead to increased electricity demand for cooling.

Public Service Enterprise Group (PEG) is a diversified energy company based in Newark, New Jersey, dating back to 1903, operating mainly in the Utilities sector, specifically the Regulated Electric Utility industry. It operates through subsidiaries like Public Service Electric and Gas Co. (PSE&G), PSEG Power, and PSEG Long Island. PSE&G provides electric and natural gas service in New Jersey and invests in solar and energy efficiency. PSEG Power focuses on nuclear generation. PSEG Long Island supplies electricity to customers in Long Island and the Rockaway Peninsula under a contract with LIPA.

The company's primary geographic footprint is in the Northeastern and Mid-Atlantic United States. PSE&G serves a diagonal corridor across New Jersey, encompassing over 300 communities. PSEG Long Island provides service across Long Island and the Rockaway Peninsula in New York City. PSEG Power's nuclear generating units are located in New Jersey and Pennsylvania.

PSE&G was recognized as #1 in customer satisfaction with residential electric and gas service in the East among large utilities by J.D. Power and received the PA Consulting ReliabilityOne® Award for reliability in the Mid-Atlantic region for the 23rd consecutive year. PSEG has been included in the Dow Jones Sustainability North America Index for 17 years and was named to the 2023-2024 list of U.S. News' Best Companies to Work For. Natalie Dallavalle of PSEG received the "Michael R. Griffinger Volunteer of the Year Award" for her work with the Volunteer Lawyers for Justice's Veterans Legal Program. PSEG's efforts to gain access to private land for the Maryland Piedmont Reliability Project have led to lawsuits and public opposition. Public Service Electric & Gas Company incurred a $6.6 million penalty for an energy market violation in 2024.

Public Service Enterprise Group is predominantly owned by institutional shareholders, holding approximately 75.14% of the company's stock, while insiders own about 0.48%, and retail investors account for 24.38%. Major institutional owners include Vanguard Group Inc., Blackrock Inc., and State Street Corp.