Public Service Enterprise Group Inc (PEG)

In the past six months, PSEG announced Q3 2025 earnings with a net income increase to $1.24 per share and a rise in non-GAAP operating earnings to $1.13 per share, leading to a narrowed 2025 non-GAAP operating earnings guidance. PSEG Long Island's contract extension was approved. Analysts from UBS and Morgan Stanley lowered their price targets for PSEG, but the company received a consensus recommendation of "Moderate Buy". The company declared a regular quarterly dividend for Q3 2025. PSE&G reported increased net income and non-GAAP operating earnings driven by new electric and gas base distribution rates, with the new rates going into effect on October 15, 2024, impacting Q4 results due to the seasonality of gas revenues. The company also announced a $0.12 per share increase in its annual common dividend for 2025, marking its 14th consecutive annual increase.

Demand for Public Service Enterprise Group's electricity and natural gas exhibits seasonality driven by weather conditions. Electricity demand is typically higher in the winter than in the summer, with peak demands in winter generally exceeding those in summer. Natural gas consumption features two seasonal peaks annually, with the largest peak in winter for space heating and a smaller peak in summer due to air conditioning. Industrial use of natural gas also shows seasonal patterns, with higher demand in the winter. PSE&G's financial results reflect this seasonality, with gas revenues being particularly impacted during winter months.

Public Service Enterprise Group, Inc. (PEG) is a diversified energy company operating in the United States through its subsidiaries in the electric and gas utility, and nuclear generation businesses. The company transmits and distributes electricity, distributes natural gas, and generates nuclear power. PEG also invests in solar generation and energy efficiency programs, and provides appliance services. The PSEG Power segment supplies power and natural gas to nuclear power plants and gas storage facilities, and wholesales energy and related services.

Public Service Enterprise Group's primary service territory is New Jersey, where Public Service Electric and Gas Company (PSE&G) serves approximately 2.4 million electric and 1.9 million natural gas customers across about 74% of the state's population. Its generation and market activities extend into regional wholesale energy markets, including the PJM market. Public Service Enterprise Group also operates the Long Island Power Authority system under a contract extension through 2030.

Public Service Enterprise Group has received positive recognition for customer satisfaction. PSEG Long Island topped the J.D. Power 2025 Business Customer Satisfaction Study in the East Large Segment. PSE&G was ranked #1 for Residential Electric in the East among Large Utilities in the J.D. Power 2025 Customer Satisfaction Study for the fourth consecutive year. The company's energy efficiency programs are projected to save $484 million and avoid approximately 1.6 million metric tons of carbon emissions annually.

Public Service Enterprise Group (PEG) is largely owned by institutional investors, holding approximately 73.57% to 76% of the company's stock. Insiders own about 0.47% of the stock, while retail investors hold approximately 25.95%. Vanguard Group Inc. is the largest institutional shareholder, owning 65.31 million shares, representing 13.08% of the company, valued at $5.14 billion. Other major institutional owners include Blackrock Inc., State Street Corp, Bank Of America Corp, and Geode Capital Management LLC.