Public Service Enterprise Group Inc (PEG)

In the past six months, Public Service Enterprise Group's stock (PEG) has experienced several notable events and analyst rating changes. As of July 14, 2025, the share price was $83.00, an increase of 11.35% from $74.54 on July 15, 2024. Overall, PEG shares have risen 15.8% in the past six months, outperforming the industry's growth of 7.9%. UBS upgraded its outlook for PEG from Neutral to Buy on July 7, 2025. PSE&G announced a Summer Relief Initiative in June 2025 to protect residential electric customers from a 17% rate increase. Ladenburg Thalmann downgraded PEG from Buy to Neutral on March 19, 2025, and Jefferies adjusted its price target for PEG to $80.00 from $83.00 but maintained a Hold rating on March 11, 2025. PSEG announced strong operating and financial results for the fourth quarter and full year 2024 in February 2025, initiating its 2025 non-GAAP operating earnings guidance at $3.94 to $4.06 per share. Barclays downgraded PEG from Overweight to Equal-Weight on January 27, 2025, and PSE&G was recognized by J.D. Power as the top utility for residential customer satisfaction in both electric and gas customer service in the East Large Segment for 2024.

As a regulated electric and natural gas utility, Public Service Enterprise Group's business mix helps to reduce seasonal demand fluctuations, but the company does experience seasonality, particularly with higher gas revenues in the winter months. The implementation of new electric and gas base distribution rates in October 2024 also impacted fourth-quarter results, reflecting the seasonality of gas revenues.

Public Service Enterprise Group, Inc. (PSEG) is a diversified energy holding company based in Newark, New Jersey, operating primarily within the utilities sector, focusing on the generation, transmission, and distribution of electricity and natural gas. Its main subsidiaries include Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC. PSE&G transmits and distributes electricity and natural gas to residential, commercial, and industrial customers, offers appliance services and repairs, implements demand response and energy efficiency programs, and invests in solar generation projects. PSEG Power owns and operates merchant nuclear generating assets and provides fuel and energy management services. PSEG's portfolio emphasizes clean energy projects and infrastructure upgrades, and the company sells electricity, natural gas, emission credits, and other energy-related products on the wholesale market.

PSEG's operations are primarily concentrated in the Mid-Atlantic and Northeastern United States. PSE&G supplies electricity and natural gas throughout New Jersey, serving approximately 2.4 million electric and 1.9 million natural gas customers across a 2,600-square-mile diagonal corridor from Bergen to Gloucester Counties, covering about 74% of the state's population. PSEG Power's nuclear generation fleet is located in New Jersey and Pennsylvania. PSEG Long Island supplies electricity to approximately 1.1 million customers in Nassau and Suffolk counties, as well as the Rockaway Peninsula in Queens, New York City.

PSEG and its subsidiaries have received positive recognition for their service and reliability in the past year. PSE&G was named the number one utility for residential customer satisfaction in both electric and gas customer service in the East Large Segment for 2024 by J.D. Power and received the ENERGY STAR Partner of the Year award for the third consecutive year. PSEG has been included in the Dow Jones Sustainability Index for North America since 2008. However, PSE&G agreed to a $6.6 million settlement in 2023 for submitting inaccurate information to PJM Interconnection, and in 2020, the Long Island Power Authority (LIPA) filed a $70 million lawsuit against PSEG Long Island, alleging an inadequate response to Tropical Storm Isaias and corporate mismanagement.

Institutional shareholders hold the majority of Public Service Enterprise Group Incorporated (PEG), with 73.67% to 76% of the company's stock, while retail investors hold 25.85%, and insiders hold 0.48%. Vanguard Group Inc holds 12.78% of the company's shares, BlackRock, Inc. holds 11.22% of the shares, and State Street Corp holds 5.44% of the shares. Other significant institutional owners include Bank of America Corp /de/, JPMorgan Chase & Co, Geode Capital Management, LLC, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, VIMSX - Vanguard Mid-Cap Index Fund Investor Shares, and XLU - The Utilities Select Sector SPDR Fund.