Public Service Enterprise Group Inc (PEG)

In the past six months, Public Service Enterprise Group's stock (PEG) has experienced fluctuations and analyst adjustments. The stock touched an all-time high of $95.22 on November 27, 2024, and as of June 27, 2025, was trading at $83.52. Over the past three months, the stock gained 2.9%, underperforming the Utilities Select Sector SPDR Fund's (XLU) 4.5% gains. Year-to-date, PEG stock dipped 4.4% and gained 9.7% over the past 52 weeks, also underperforming XLU's returns. Key events include analyst downgrades from Ladenburg Thalmann and Barclays, and an adjusted price target from Morgan Stanley. PEG's stock prices dropped 2.1% following the release of its mixed Q1 2025 results. PSEG declared a first-quarter common stock dividend of $0.63 per share in April 2025, representing an indicative annual rate of $2.52 per share, a 5% increase for 2025.

Public Service Enterprise Group experiences demand seasonality as a major electric and natural gas utility. Colder weather in winter months leads to increased energy consumption and higher gas revenue collection. PSE&G offers programs like the Equal Payment Plan (EPP) to help customers manage seasonal fluctuations in their bills.

Public Service Enterprise Group (PSEG) operates primarily in the utilities sector, focusing on the generation, transmission, and distribution of electricity and natural gas. The company's major products and services include electricity transmission and distribution, natural gas distribution, electricity generation with an emphasis on clean energy, wholesale energy and fuel supply, demand response and energy efficiency programs, appliance and repair services, and emission allowances and congestion credits.

PSEG's primary operations are concentrated in the Mid-Atlantic region of the United States. Public Service Electric and Gas Company (PSE&G) serves approximately 2.4 million electric customers and 1.9 million gas customers across a 2,600 square mile service territory in New Jersey, covering about 74% of the state's population. PSEG also owns nuclear generation facilities in New Jersey and Pennsylvania. PSEG Long Island operates the electric distribution system for 1.1 million customers on Long Island, New York, under a management contract. The company's wholesale energy and trading functions extend throughout the greater Northeast United States, from New England to Virginia and Illinois.

Public Service Enterprise Group and its subsidiaries have received positive recognitions for customer satisfaction, reliability, sustainability, energy efficiency, and workplace environment. PSE&G was ranked #1 in customer satisfaction by J.D. Power in 2024 and received the PA Consulting ReliabilityOne® Award for outstanding reliability performance for the 23rd consecutive year. PSEG has been named to the Dow Jones Sustainability Index -- North America for 17 consecutive years and received the ENERGY STAR® “Partner of the Year” award for the third consecutive year in 2025. PSEG was ranked as the top utility on Newsweek's America's Most Responsible Companies 2025 list and named by JUST Capital to the JUST 100 Ranking of America's Most JUST Companies. However, rate increases in New Jersey and Long Island have led to public dissatisfaction. PSEG has a "Highest Controversy Level" in its ESG Risk Rating, indicating past events that have impacted its rating.

Public Service Enterprise Group (PEG) has significant institutional ownership, with 73.66% of the company held by institutional shareholders, under 1% held by insiders, and 25.86% held by retail investors. The largest individual shareholder is Vanguard Group Inc., owning 12.78% of the company. Other major institutional owners include BlackRock, Inc., State Street Corp, Bank Of America Corp /de/, Jpmorgan Chase & Co, Geode Capital Management, Llc, Ameriprise Financial Inc, Legal General Group PLC, Morgan Stanley and Capital Research Global Investors.