Public Service Enterprise (PEG)
Market Price (6/3/2026): $78.34 | Market Cap: $39.1 BilSector: Utilities | Industry: Electric Utilities
Public Service Enterprise (PEG)
Market Price (6/3/2026): $78.34Market Cap: $39.1 BilSector: UtilitiesIndustry: Electric Utilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 19% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, CFO LTM is 3.5 Bil Low stock price volatilityVol 12M is 19% Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Renewable Energy Transition, and Offshore Wind Development. Themes include Smart Grid Technologies, Show more. | Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -39% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 61% Key risksPEG key risks include [1] regulatory challenges that could limit its ability to recover capital project investments through rates and [2] uncertainty in securing long-term revenue agreements for its nuclear assets. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 19% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, CFO LTM is 3.5 Bil |
| Low stock price volatilityVol 12M is 19% |
| Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Renewable Energy Transition, and Offshore Wind Development. Themes include Smart Grid Technologies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -39% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 61% |
| Key risksPEG key risks include [1] regulatory challenges that could limit its ability to recover capital project investments through rates and [2] uncertainty in securing long-term revenue agreements for its nuclear assets. |
Qualitative Assessment
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Updated on 6/1/2026
Public Service Enterprise (PEG) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Macroeconomic Headwinds from High Interest Rates and Utility Sector Underperformance.
The persistent high-interest-rate environment negatively impacted utility valuations, making dividend-paying stocks like PEG less attractive as alternative fixed-income investments offered competitive returns. The Federal Reserve maintained its benchmark interest rate between 3.5-3.75% in April 2026, with only modest rate cuts anticipated due to ongoing inflation. This broader environment contributed to the utilities sector's underperformance, as it surged only 2% in April, significantly less than the S&P's 10.4% gains.
2. Analyst Price Target Reductions Signal Cautious Outlook.
Several analyst firms revised their price targets downward for Public Service Enterprise Group during the period. On May 18, 2026, Truist lowered its price target by $3 to $88. Similarly, on May 21, Morgan Stanley reduced its price target from $94 to $89, attributing this to adjustments in estimates for the broader North American Regulated & Diversified Utilities / IPPs group. Earlier, on March 13, LADENBURG THALM/SH SH cut its rating to "neutral" and decreased its price target from $87.50 to $84.50. These revisions collectively indicated a more cautious perspective on the stock's future valuation and growth prospects.
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Public Service Enterprise (PEG) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Macroeconomic Headwinds from High Interest Rates and Utility Sector Underperformance.
The persistent high-interest-rate environment negatively impacted utility valuations, making dividend-paying stocks like PEG less attractive as alternative fixed-income investments offered competitive returns. The Federal Reserve maintained its benchmark interest rate between 3.5-3.75% in April 2026, with only modest rate cuts anticipated due to ongoing inflation. This broader environment contributed to the utilities sector's underperformance, as it surged only 2% in April, significantly less than the S&P's 10.4% gains.
2. Analyst Price Target Reductions Signal Cautious Outlook.
Several analyst firms revised their price targets downward for Public Service Enterprise Group during the period. On May 18, 2026, Truist lowered its price target by $3 to $88. Similarly, on May 21, Morgan Stanley reduced its price target from $94 to $89, attributing this to adjustments in estimates for the broader North American Regulated & Diversified Utilities / IPPs group. Earlier, on March 13, LADENBURG THALM/SH SH cut its rating to "neutral" and decreased its price target from $87.50 to $84.50. These revisions collectively indicated a more cautious perspective on the stock's future valuation and growth prospects.
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Stock Movement Drivers
Fundamental Drivers
The -8.3% change in PEG stock from 2/28/2026 to 6/2/2026 was primarily driven by a -14.4% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6022026 | Change |
|---|---|---|---|
| Stock Price ($) | 85.38 | 78.32 | -8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,168 | 12,794 | 5.1% |
| Net Income Margin (%) | 17.3% | 17.7% | 2.0% |
| P/E Multiple | 20.2 | 17.3 | -14.4% |
| Shares Outstanding (Mil) | 499 | 499 | 0.0% |
| Cumulative Contribution | -8.3% |
Market Drivers
2/28/2026 to 6/2/2026| Return | Correlation | |
|---|---|---|
| PEG | -8.3% | |
| Market (SPY) | 11.0% | 22.4% |
| Sector (XLU) | -7.4% | 89.3% |
Fundamental Drivers
The -4.7% change in PEG stock from 11/30/2025 to 6/2/2026 was primarily driven by a -12.3% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6022026 | Change |
|---|---|---|---|
| Stock Price ($) | 82.20 | 78.32 | -4.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,718 | 12,794 | 9.2% |
| Net Income Margin (%) | 17.8% | 17.7% | -0.4% |
| P/E Multiple | 19.7 | 17.3 | -12.3% |
| Shares Outstanding (Mil) | 499 | 499 | 0.0% |
| Cumulative Contribution | -4.7% |
Market Drivers
11/30/2025 to 6/2/2026| Return | Correlation | |
|---|---|---|
| PEG | -4.7% | |
| Market (SPY) | 11.8% | 11.7% |
| Sector (XLU) | -1.7% | 85.0% |
Fundamental Drivers
The -0.2% change in PEG stock from 5/31/2025 to 6/2/2026 was primarily driven by a -19.2% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6022026 | Change |
|---|---|---|---|
| Stock Price ($) | 78.50 | 78.32 | -0.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,752 | 12,794 | 19.0% |
| Net Income Margin (%) | 17.0% | 17.7% | 4.0% |
| P/E Multiple | 21.4 | 17.3 | -19.2% |
| Shares Outstanding (Mil) | 498 | 499 | -0.2% |
| Cumulative Contribution | -0.2% |
Market Drivers
5/31/2025 to 6/2/2026| Return | Correlation | |
|---|---|---|
| PEG | -0.2% | |
| Market (SPY) | 30.4% | 16.9% |
| Sector (XLU) | 10.2% | 77.2% |
Fundamental Drivers
The 44.8% change in PEG stock from 5/31/2023 to 6/2/2026 was primarily driven by a 49.0% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6022026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.10 | 78.32 | 44.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,242 | 12,794 | 13.8% |
| Net Income Margin (%) | 20.6% | 17.7% | -14.3% |
| P/E Multiple | 11.6 | 17.3 | 49.0% |
| Shares Outstanding (Mil) | 497 | 499 | -0.4% |
| Cumulative Contribution | 44.8% |
Market Drivers
5/31/2023 to 6/2/2026| Return | Correlation | |
|---|---|---|
| PEG | 44.8% | |
| Market (SPY) | 88.9% | 33.9% |
| Sector (XLU) | 48.2% | 80.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PEG Return | 18% | -5% | 4% | 43% | -2% | -4% | 57% |
| Peers Return | 22% | 3% | -7% | 14% | 14% | 6% | 61% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| PEG Win Rate | 50% | 33% | 58% | 75% | 50% | 50% | |
| Peers Win Rate | 58% | 60% | 52% | 60% | 63% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| PEG Max Drawdown | -9% | -27% | -15% | -12% | -14% | -11% | |
| Peers Max Drawdown | -10% | -26% | -21% | -13% | -13% | -10% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EXC, ED, D, SO, DUK. See PEG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/2/2026 (YTD)
How Low Can It Go
| Event | PEG | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -14.9% | -9.5% |
| % Gain to Breakeven | 17.5% | 10.5% |
| Time to Breakeven | 51 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -17.2% | -24.5% |
| % Gain to Breakeven | 20.8% | 32.4% |
| Time to Breakeven | 181 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.9% | -33.7% |
| % Gain to Breakeven | 58.4% | 50.9% |
| Time to Breakeven | 199 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -12.5% | -12.2% |
| % Gain to Breakeven | 14.2% | 13.9% |
| Time to Breakeven | 55 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -13.8% | -0.2% |
| % Gain to Breakeven | 16.0% | 0.2% |
| Time to Breakeven | 245 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -12.1% | -17.9% |
| % Gain to Breakeven | 13.8% | 21.8% |
| Time to Breakeven | 16 days | 123 days |
In The Past
Public Service Enterprise's stock fell -9.4% during the 2025 US Tariff Shock. Such a loss loss requires a 10.4% gain to breakeven.
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| Event | PEG | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -36.9% | -33.7% |
| % Gain to Breakeven | 58.4% | 50.9% |
| Time to Breakeven | 199 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -48.6% | -53.4% |
| % Gain to Breakeven | 94.7% | 114.4% |
| Time to Breakeven | 1845 days | 1085 days |
In The Past
Public Service Enterprise's stock fell -9.4% during the 2025 US Tariff Shock. Such a loss loss requires a 10.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Public Service Enterprise (PEG)
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2021, it had electric transmission and distribution system of 25,000 circuit miles and 862,000 poles; 56 switching stations with an installed capacity of 39,353 megavolt-amperes (MVA), and 235 substations with an installed capacity of 9,285 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 58 natural gas metering and regulating stations. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.
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Here are 1-3 brief analogies for Public Service Enterprise (PEG):
- It's like your local water company, but for electricity and natural gas.
- Think of it as a regional Comcast or Verizon, but for power and natural gas delivery.
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- Electricity Transmission: The company transmits high-voltage electricity across its extensive network.
- Electricity Distribution: The company distributes electricity to residential, commercial, and industrial customers.
- Gas Distribution: The company distributes natural gas to residential, commercial, and industrial customers.
- Energy Efficiency Programs: The company offers programs designed to help customers reduce energy consumption.
- Appliance Services and Repairs: The company provides maintenance and repair services for customer appliances.
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```htmlPublic Service Enterprise Group (symbol: PEG) primarily serves individual and organizational end-users directly.
Its customer categories include:
- Residential customers
- Commercial customers
- Industrial customers
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Ralph A. LaRossa, Chair, President and Chief Executive Officer
Ralph A. LaRossa was appointed CEO of Public Service Enterprise Group (PSEG) in September 2022 and Chair in January 2023. He has been with PSEG for several decades, holding various key leadership positions. Previously, he served as Chief Operating Officer of PSEG from January 2020 to August 2022 and as President and COO of PSEG Power from June 2017 to August 2022. In his role as PSEG COO, he was responsible for overseeing all of the operating businesses of PSEG. Mr. LaRossa is a seasoned utility executive with a strong background in operations and leadership within the energy sector. He holds a Bachelor of Science degree in mechanical engineering from Stevens Institute of Technology.
Daniel J. Cregg, Executive Vice President and Chief Financial Officer
Daniel J. Cregg has served as Executive Vice President and Chief Financial Officer for Public Service Enterprise Group and its subsidiaries since October 2015. He is responsible for all financial functions, including Investor Relations, Planning, Strategy, Corporate Development, and Commercial Operations. Mr. Cregg joined PSEG in 1991 and has held various executive positions within the company. Prior to joining PSEG, he spent five years with the accounting and consulting firm of Deloitte and Touche, with an emphasis on the utility sector. He holds an MBA from the Wharton School of the University of Pennsylvania and a bachelor's degree in accounting from Lehigh University. NJBIZ named Mr. Cregg 2018 CFO of the Year for public companies.
Tamara L. Linde, Executive Vice President and Chief Legal Officer
Tamara L. Linde is the Executive Vice President and Chief Legal Officer for PSEG, a position she has held since July 2014. She oversees all legal matters and is responsible for the overall legal and regulatory strategy, as well as the Company's Office of Corporate Secretary, Compliance, and Claims functions. Ms. Linde joined PSEG's law department in 1990 and has over 30 years of experience in energy, regulatory, legal, risk, environmental, and governmental affairs. She earned her Juris Doctorate and a Bachelor of Arts degree from Seton Hall University.
Kim C. Hanemann, President and Chief Operating Officer, PSE&G
Kim C. Hanemann is the President and Chief Operating Officer of Public Service Electric & Gas Company (PSE&G), PSEG's largest subsidiary. She is a member of PSEG's Senior Executive Team. Ms. Hanemann previously served as PSE&G's Senior Vice President and Chief Operating Officer. She holds a bachelor's degree in mechanical engineering from Lehigh University and a Master of Business Administration from the Rutgers Graduate School of Management.
Charles V. (Chaz) McFeaters, President and Chief Nuclear Officer, PSEG Nuclear LLC
Charles V. (Chaz) McFeaters was appointed President and Chief Nuclear Officer of PSEG Nuclear effective May 2023. In this role, he is responsible for overseeing the safe and reliable operations of the PSEG Nuclear Fleet, which includes the Hope Creek and Salem nuclear generating stations.
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Public Service Enterprise Group (PEG) faces several key risks to its business operations. These risks are primarily driven by the company's regulated utility operations in New Jersey and its power generation segment. The key risks to Public Service Enterprise are:- Regulatory and Political Risk in New Jersey: A significant portion of Public Service Enterprise Group's operating income is derived from its regulated utility segment, PSE&G. This makes the company highly susceptible to changes in regulatory and political landscapes, particularly in New Jersey. Potential risks include proposed utility rate freezes and the possibility of a lower Return on Equity (ROE) for PSE&G's regulated assets, as indicated by recent discussions around New Jersey's Governor-elect's energy plan. The upcoming New Jersey Governor election also creates uncertainty, as utility costs have become a central election issue, potentially leading to shifts in policy priorities that could impact PEG's operations and financial performance. Furthermore, the timing of regulatory and legislative approvals for critical capital investments, such as gas and nuclear procurement bills, could limit the company's projected returns. The company is also subject to scrutiny and potential penalties from federal regulators, as evidenced by a $6.6 million fine from the Federal Energy Regulatory Commission (FERC) for misreporting transmission needs and ongoing challenges to cost recovery for transmission projects.
- Climate Change and Extreme Weather Events: Public Service Enterprise Group's infrastructure and operations are exposed to the increasing risks of extreme weather and climate change. The company has acknowledged the mounting challenges posed by events such as severe storms, floods, extreme heat, cold temperatures, heavy precipitation, high winds, and ice. These events can threaten the electrical system, lead to increased operational costs, and necessitate substantial investments in infrastructure resilience. Beyond physical impacts, the company also faces financial and transition risks related to climate change, including potential increases in legislative and regulatory burdens, evolving customer preferences towards cleaner energy, and the risk of climate change-related lawsuits.
- Volatility in PSEG Power (Deregulated Nuclear Generation) Segment: The PSEG Power segment, which includes the company's deregulated nuclear generation fleet, introduces an element of volatility to Public Service Enterprise Group's financial performance. This volatility primarily stems from non-trading Mark-To-Market (MTM) gains and losses on its commodity positions and, to a lesser extent, from securities held in its Nuclear Decommissioning Trust (NDT). The viability of nuclear power can also be questioned by policymakers and regulators in the event of a publicized accident or near-accident at a nuclear plant, which could significantly impact this segment. Additional risks include increased nuclear fuel storage costs, compliance with environmental regulations such as the Clean Water Act, and fluctuations in wholesale power and natural gas markets that can affect the economic viability of its generation units.
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The widespread adoption of distributed energy resources (DERs), such as rooftop solar panels and battery storage systems, enables residential and commercial customers to generate and store their own electricity, thereby reducing their reliance on the traditional centralized utility grid for power supply and potentially decreasing demand for utility-provided electricity and transmission services.
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Public Service Enterprise (PEG) Addressable Market Sizes
Public Service Enterprise Group Incorporated (PEG), primarily operating in New Jersey, has identifiable addressable markets for its main electricity and natural gas distribution services within the state.Electricity Distribution
The addressable market for electricity distribution in New Jersey is estimated to be approximately $12.0 billion annually. This figure is derived from New Jersey's total retail electricity sales of 73,531,424 megawatthours (MWh) in 2024, at an average retail price of 16.29 cents per kilowatthour (kWh) in the same year. PSE&G, a subsidiary of Public Service Enterprise Group, is the largest electric utility in New Jersey, serving 2.4 million electric customers across 15 counties.Natural Gas Distribution
The addressable market for natural gas distribution in New Jersey is projected to be $8.7 billion in 2026. PSE&G is the largest natural gas utility in New Jersey, serving 1.9 million natural gas customers. Other services, such as solar generation projects and energy efficiency programs in New Jersey, and nuclear power generation, do not have explicitly defined monetary addressable market sizes in the available information, based on the specific request criteria.AI Analysis | Feedback
Public Service Enterprise Group (PEG) anticipates several key drivers for future revenue growth over the next 2-3 years, primarily stemming from substantial regulated investments and strategic alignment with clean energy initiatives.
Here are the expected drivers of future revenue growth:
- Significant Regulated Capital Investments and Rate Base Growth: PSEG has outlined a robust capital investment plan, with $24 billion to $28 billion allocated for 2026-2030, and over 90% of this directed towards regulated investments. These investments are focused on upgrading and modernizing electric transmission and distribution infrastructure, enhancing grid reliability and resilience, and supporting a projected compound annual growth rate (CAGR) in its rate base of 6% to 7.5% through 2030. This expanding rate base is a primary engine for regulated earnings and, consequently, revenue growth.
- Expansion of Clean Energy Programs and Energy Efficiency Initiatives: The company is heavily investing in clean energy solutions and energy efficiency programs, aligning with New Jersey's clean energy goals and PSEG's commitment to achieving net-zero carbon emissions by 2030. These initiatives include investments in solar generation projects, infrastructure for electric vehicle charging, battery storage, and comprehensive energy efficiency offerings that help customers reduce energy consumption and costs. These programs contribute to rate base growth and represent an expanding segment of their service offerings.
- Increased Customer Demand, Particularly from Data Centers: PSEG expects revenue growth driven by increased customer connections and significant load growth, especially from data centers. This growing demand for electricity and gas directly translates into higher sales volumes and increased revenue. The company's updated capital plan, including an additional $1.5 billion in spending, is partly driven by new customer connections and reliability upgrades to support this demand.
- Favorable Regulatory Outcomes, Including New Distribution Rates and Clause-Based Cost Recoveries: Revenue growth is also supported by the implementation of new electric and gas base distribution rates and clause-based recoveries for investments. These regulatory mechanisms allow PSEG to recover costs and earn a return on its approved investments in infrastructure and energy efficiency programs, contributing directly to utility margin and overall revenue.
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Capital Allocation Decisions (Last 3-5 Years)
Share Issuance
- Public Service Enterprise Group's capital investment plans for 2024-2028, 2025-2029, and 2026-2030 are structured to be funded without the need for new equity issuance or asset sales.
Outbound Investments
- In 2022, Public Service Enterprise Group divested 6,750 megawatts of fossil generation as part of a strategic alternatives process to enhance its focus on infrastructure and clean energy investments.
Capital Expenditures
- Public Service Enterprise Group has significantly increased its capital spending plans, with the regulated 5-year capital investment plan for 2026-2030 now ranging from $22.5 billion to $25.5 billion, an increase of $1.5 billion over previous plans. The total capital program for 2026-2030 is projected between $24 billion and $28 billion.
- Planned regulated investments for 2026 are expected to be approximately $4.2 billion, representing a 13.5% increase from 2025's estimated $3.7 billion. Annual capital expenditures were $3.325 billion in 2023, $3.38 billion in 2024, and $3.272 billion in 2025.
- The primary focus of these capital expenditures is on infrastructure modernization, enhancing electric reliability and system resilience, meeting growing customer demand (including from data centers), and advancing clean energy initiatives such as solar, energy efficiency, electrification, and upgrades to nuclear facilities.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 84.41 |
| Mkt Cap | 52.3 |
| Rev LTM | 21,118 |
| Op Inc LTM | 5,116 |
| FCF LTM | -2,731 |
| FCF 3Y Avg | -1,607 |
| CFO LTM | 5,919 |
| CFO 3Y Avg | 5,584 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.7% |
| Rev Chg 3Y Avg | 4.8% |
| Rev Chg Q | 9.6% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Inc Chg LTM | 8.5% |
| Op Inc Chg 3Y Avg | 9.5% |
| Op Mgn LTM | 24.8% |
| Op Mgn 3Y Avg | 25.1% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 28.3% |
| CFO/Rev 3Y Avg | 29.3% |
| FCF/Rev LTM | -9.3% |
| FCF/Rev 3Y Avg | -6.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 52.3 |
| P/S | 2.9 |
| P/Op Inc | 11.8 |
| P/EBIT | 9.6 |
| P/E | 17.9 |
| P/CFO | 9.8 |
| Total Yield | 8.9% |
| Dividend Yield | 3.2% |
| FCF Yield 3Y Avg | -2.6% |
| D/E | 0.8 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.1% |
| 3M Rtn | -6.4% |
| 6M Rtn | 3.1% |
| 12M Rtn | 4.7% |
| 3Y Rtn | 43.3% |
| 1M Excs Rtn | -9.4% |
| 3M Excs Rtn | -18.0% |
| 6M Excs Rtn | -10.9% |
| 12M Excs Rtn | -24.1% |
| 3Y Excs Rtn | -39.0% |
Comparison Analyses
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Public Service Electric and Gas Company (PSE&G) | 46,364 | 42,873 | 39,960 | 37,198 | 35,581 |
| Public Service Enterprise Group (PSEG) Power & Other | 8,673 | 8,407 | 9,285 | 9,777 | 12,704 |
| Eliminations | -397 | -539 | -527 | -3,126 | -927 |
| Other | 5,150 | 2,692 | |||
| Total | 54,640 | 50,741 | 48,718 | 48,999 | 50,050 |
Price Behavior
Price Behavior
| Market Price | $78.32 | |
| Market Cap ($ Bil) | 39.1 | |
| First Trading Date | 01/02/1980 | |
| Distance from 52W High | -11.0% | |
| 50 Days | 200 Days | |
| DMA Price | $79.88 | $80.66 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -2.0% | -2.9% |
| 3M | 1YR | |
| Volatility | 20.4% | 18.7% |
| Downside Capture | 64.92 | 31.67 |
| Upside Capture | 15.71 | 20.31 |
| Correlation (SPY) | 22.3% | 17.1% |
PEG Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.18 | 0.38 | 0.33 | 0.20 | 0.27 | 0.45 |
| Up Beta | 0.02 | 0.26 | 0.18 | 0.22 | 0.33 | 0.50 |
| Down Beta | 1.32 | 0.87 | 0.47 | 0.43 | 0.24 | 0.46 |
| Up Capture | -30% | 8% | 9% | 3% | 15% | 16% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 21 | 31 | 63 | 134 | 408 |
| Down Capture | 44% | 101% | 67% | 21% | 38% | 64% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 20 | 32 | 61 | 115 | 338 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PEG | |
|---|---|---|---|---|
| PEG | -0.2% | 18.7% | -0.14 | - |
| Sector ETF (XLU) | 10.3% | 14.6% | 0.45 | 77.1% |
| Equity (SPY) | 30.5% | 11.8% | 1.95 | 17.1% |
| Gold (GLD) | 35.9% | 26.7% | 1.12 | 19.3% |
| Commodities (DBC) | 44.5% | 18.9% | 1.81 | -2.7% |
| Real Estate (VNQ) | 10.1% | 13.2% | 0.47 | 45.8% |
| Bitcoin (BTCUSD) | -32.2% | 41.6% | -0.82 | 10.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PEG | |
|---|---|---|---|---|
| PEG | 8.3% | 20.4% | 0.32 | - |
| Sector ETF (XLU) | 9.4% | 17.3% | 0.40 | 83.7% |
| Equity (SPY) | 14.2% | 17.0% | 0.66 | 42.0% |
| Gold (GLD) | 18.3% | 18.0% | 0.83 | 19.1% |
| Commodities (DBC) | 10.4% | 19.4% | 0.42 | 11.0% |
| Real Estate (VNQ) | 2.9% | 18.8% | 0.06 | 55.5% |
| Bitcoin (BTCUSD) | 13.0% | 54.6% | 0.43 | 13.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PEG | |
|---|---|---|---|---|
| PEG | 9.5% | 21.9% | 0.40 | - |
| Sector ETF (XLU) | 9.7% | 19.2% | 0.43 | 82.2% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 49.5% |
| Gold (GLD) | 13.2% | 16.0% | 0.68 | 15.0% |
| Commodities (DBC) | 7.5% | 17.9% | 0.34 | 17.0% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 63.2% |
| Bitcoin (BTCUSD) | 66.0% | 66.9% | 1.05 | 9.8% |
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Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -0.9% | -3.4% | |
| 2/26/2026 | -0.1% | -2.4% | -5.6% |
| 11/3/2025 | 1.0% | 3.4% | -0.0% |
| 8/5/2025 | -2.2% | -4.0% | -9.8% |
| 4/30/2025 | -2.1% | -2.3% | -2.5% |
| 2/25/2025 | -1.3% | -3.1% | -2.7% |
| 11/4/2024 | -6.2% | -1.7% | 4.4% |
| 7/30/2024 | 1.4% | 0.5% | 4.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 11 | 9 |
| # Negative | 17 | 13 | 14 |
| Median Positive | 1.0% | 2.5% | 5.2% |
| Median Negative | -1.8% | -2.3% | -2.5% |
| Max Positive | 6.8% | 4.8% | 8.5% |
| Max Negative | -6.2% | -4.2% | -9.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/26/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Non-GAAP Operating Earnings | 4.28 | 4.34 | 4.4 | 0.0% | Affirmed | Guidance: 4.34 for 2026 | |
| 2030 Non-GAAP Operating Earnings Growth | 6.0% | 7.0% | 8.0% | 0.0% | 0.0% | Affirmed | Guidance: 7.0% for 2030 |
Prior: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Non-GAAP Operating Earnings per share | 4.28 | 4.34 | 4.4 | 7.7% | Higher New | Actual: 4.03 for 2025 | |
| 2026 Regulated Investments | 4.20 Bil | 10.5% | Higher New | Actual: 3.80 Bil for 2025 | |||
| 2030 Capital Spending Plan | 24.00 Bil | 26.00 Bil | 28.00 Bil | 7.2% | Higher New | Actual: 24.25 Bil for 2025-2029 | |
| 2030 Regulated Capital Investments | 22.50 Bil | 24.00 Bil | 25.50 Bil | 6.7% | Higher New | Actual: 22.50 Bil for 2025-2029 | |
| 2030 Rate Base Growth | 6.0% | 6.75% | 7.5% | 0 | 0 | Same New | Actual: 6.75% for 2025-2029 |
| 2030 Non-GAAP Operating Earnings Growth | 6.0% | 7.0% | 8.0% | 16.7% | 1.0% | Higher New | Actual: 6.0% for 2029 |
Insider Activity
Updated 6/3/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Larossa, Ralph A | Chair, President and CEO | Direct | Sell | 6022026 | 77.01 | 2,083 | 160,420 | 22,120,854 | Form |
| 2 | Larossa, Ralph A | Chair, President and CEO | Direct | Sell | 5042026 | 81.21 | 2,083 | 169,152 | 23,494,140 | Form |
| 3 | Larossa, Ralph A | Chair, President and CEO | Direct | Sell | 4022026 | 81.24 | 2,083 | 169,231 | 23,674,337 | Form |
| 4 | Hanemann, Kim C | President and COO - PSE&G | 401(k) | Sell | 3102026 | 84.04 | 9 | Form | ||
| 5 | Larossa, Ralph A | Chair, President and CEO | Direct | Sell | 3062026 | 83.66 | 2,083 | 174,256 | 24,501,951 | Form |
Industry Resources
| Utilities Resources |
| Data.gov Energy Infrastructure |
| Data.gov Energy Resources |
| Utility Dive |
| Electric Utilities Resources |
| T&D World |
| Edison Electric Institute (EEI) |
| Smart Energy International |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/2/2026