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Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation businesses; and supplies power and natural gas to nuclear power plants and gas storage facilities activities. As of December 31, 2024, it had electric transmission and distribution system of 25,000 circuit miles and 869,000 poles; 57 switching stations with an installed capacity of 40,000 megavolt-amperes (MVA), and 234 substations with an installed capacity of 10,750 MVA; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and two meter shop, as well as 54 natural gas metering and regulating stations; and 158 MegaWatts defined conditions of installed PV solar capacity. Public Service Enterprise Group Incorporated was founded in 1903 and is based in Newark, New Jersey.
Analyst Perspectives | Analysts offer diverse views on PEG's prospects, with price targets ranging from $81 to $88, reflecting varied assessments of the company's growth potential |
T&D Growth Potential | Delve into PEG's transmission and distribution segment, with interconnection requests surging from 4.7 GW to 6.4 GW, signaling robust market demand |
Nuclear Asset Strategy | Explore PEG's pursuit of long-term contracts for nuclear assets, potentially enhancing growth outlook and providing stable, carbon-free power generation |
Financial Resilience | PEG maintains a 5-7% EPS CAGR target, supported by nuclear tax credits and a substantial regulated capital program driving rate base growth |
Metrics to compare | PEG | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipPEGPeersSector | |
|---|---|---|---|---|
P/E Ratio | 19.3x | 22.1x | 11.7x | |
PEG Ratio | 8.63 | 0.85 | 0.02 | |
Price / Book | 2.4x | 2.2x | 1.3x | |
Price / LTM Sales | 3.4x | 3.4x | 1.6x | |
Upside (Analyst Target) | 10.7% | 14.4% | 14.7% | |
Fair Value Upside | Unlock | −10.1% | 3.3% | Unlock |