Public Service Enterprise Group Inc (PEG)

In August 2025, PSEG reported its second-quarter earnings, surpassing expectations with an EPS of $0.77 and revenue of $2.8 billion, while reaffirming its 2025 earnings guidance. Analyst ratings and price targets have been adjusted by firms like Morgan Stanley, BMO Capital, UBS, and Barclays. PSEG declared a dividend of US$0.63 per share in September 2025. On October 3, 2025, the stock price gained 0.515% and had risen in 7 of the last 10 days. The company's Q1 2025 earnings call highlighted benefits from regulatory recovery and nuclear generation performance. PSEG also announced Q1 2025 results in April 2025, reflecting new electric and gas base distribution rates, and increased its 2025-2029 capital spending plan to meet growing customer demand.

Demand for Public Service Enterprise Group's products and services exhibits seasonality, with higher electricity demand during the summer and winter months. Gas revenues are concentrated in the first quarter of the year due to higher usage during colder winter months. Daily and weekly fluctuations also occur, with higher energy consumption during the day and on weekdays.

Public Service Enterprise Group, Inc. (PSEG) operates through its subsidiaries, primarily Public Service Electric and Gas Company (PSE&G) and PSEG Power. PSE&G is a regulated utility that transmits and distributes electricity and natural gas to customers, and invests in solar generation and energy efficiency programs. PSEG Power focuses on nuclear generation and supplies power and natural gas to nuclear power plants and gas storage facilities. The company's sector is Utilities, and its industry includes Regulated Electric, Multi-Utilities, and Power Generation. Major products and services include electricity and natural gas distribution, nuclear generation, solar energy programs, energy efficiency programs, and wholesale energy services.

PSEG's primary geographic footprint is in New Jersey, where PSE&G serves approximately 2.3 million electric customers and 1.9 million natural gas customers. The company also manages the electric grid for Long Island, New York, under contract with LIPA. Additionally, PSEG owns nuclear power generating units in New Jersey and Pennsylvania, and its power segment operates in the Northeastern and Mid-Atlantic United States.

Public Service Enterprise Group's reputation has been impacted by several events, including a $6.6 million settlement for allegedly providing inaccurate information to PJM Interconnection. A settlement approved by the New Jersey Board of Public Utilities resulted in a 7% increase in the average residential customer's bill. PSEG Long Island has faced reputation challenges, including rate increases, call center performance issues, and negligence claims. A federal judge filed a lawsuit against PSEG Long Island, alleging negligence caused a fire. The company's response to widespread flash flooding in central New Jersey also influences public perception.

Public Service Enterprise Group is predominantly owned by institutional shareholders, holding approximately 75.14% to 76% of the company's stock. Retail investors own about 24.38% to 38.07%, while insiders hold a smaller percentage. The largest institutional owners include Vanguard Group Inc., Blackrock Inc., and State Street Corp.