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Public Service Enterprise Group Inc (PEG)



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Upturn Advisory Summary
02/18/2025: PEG (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 2.46% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 42.32B USD | Price to earnings Ratio 20.87 | 1Y Target Price 88.48 |
Price to earnings Ratio 20.87 | 1Y Target Price 88.48 | ||
Volume (30-day avg) 2197995 | Beta 0.66 | 52 Weeks Range 57.44 - 94.57 | Updated Date 02/18/2025 |
52 Weeks Range 57.44 - 94.57 | Updated Date 02/18/2025 | ||
Dividends yield (FY) 3.01% | Basic EPS (TTM) 4.07 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-02-24 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 19.48% | Operating Margin (TTM) 24.94% |
Management Effectiveness
Return on Assets (TTM) 3.24% | Return on Equity (TTM) 13% |
Valuation
Trailing PE 20.87 | Forward PE 20.92 | Enterprise Value 63564467737 | Price to Sales(TTM) 4.06 |
Enterprise Value 63564467737 | Price to Sales(TTM) 4.06 | ||
Enterprise Value to Revenue 6.09 | Enterprise Value to EBITDA 14.26 | Shares Outstanding 498224992 | Shares Floating 497069538 |
Shares Outstanding 498224992 | Shares Floating 497069538 | ||
Percent Insiders 1.01 | Percent Institutions 76.73 |
AI Summary
Public Service Enterprise Group Inc. (PEG) Overview
Company Profile:
History: Public Service Enterprise Group Inc. (PEG) is a diversified energy company established in 1886 as a single-family gas company in New Jersey. Over time, it transformed into a multi-utility holding company serving the energy needs of millions of customers in New Jersey and the surrounding states. The company's operations include:
- Public Service Electric & Gas (PSEG): New Jersey's largest combined electric and gas utility, serving 2.3 million electric customers and 1.8 million gas customers.
- PSEG Power: Operates power plants in New Jersey, Maryland, Connecticut, Delaware, Ohio, and Arizona with a combined capacity of 14,000 MW.
- PSEG Nuclear: Owns five nuclear power plants in New Jersey and three in the United States, generating over 16,000 MW of electricity.
- PSEG Clean Energy Technologies: Develops cleaner energy technologies, including renewable energy and energy efficiency measures.
Leadership: Ralph Izzo serves as Chairman, President and CEO, leading an experienced team of senior executives to achieve strong operational performance and strategic growth.
Core Business Areas: PSEG serves the following key energy markets:
- Electric generation: Coal, nuclear, combined-cycle gas turbines, gas-fired plants, solar and wind energy.
- Energy delivery: Transmission and distribution of electricity throughout New Jersey.
- Natural gas production and distribution: Pipelines and storage facilities for delivering natural gas to residential, commercial, and industrial customers.
Top Products and Market Share:
- Electricity: Generating over 20,000 MW of electricity, PSEG ranks among the largest electric utilities in the US. However, market share for individual products cannot be accurately assessed without specific product details.
- Natural gas: Delivering natural gas to millions of customers in New Jersey, PSEG has a dominant market share in its service area but contributes minimally to the national market.
Total Addressable Market:
- Electricity: The total US electricity market is vast, exceeding $400 billion in annual revenue.
- Natural gas: As of 2023, the US natural gas market stood at $336.5 billion dollars.
Financial Performance:
- Revenue: PEG's total revenue reached $13.80 billion in 2023, representing a moderate 2.6% increase from 2022.
- Net Income: Net income rose to $2634.7 million in 2023, a significant 25.6% year-over-year increase.
- Profit Margins: All key profit margins saw improvements, with Operating Margin reaching 22.16%, Net Profit Margin at 19.10%, and Gross Margin at 37.15%.
- Earnings per Share (EPS): Diluted EPS witnessed a robust 27.6% increase, reaching $2.43 per share in 2023.
- Cash Flow: In 2023, PEG generated a strong operating cash flow of $3479.6 million.
- Balance Sheet Health: The balance sheet remains healthy with a solid current ratio and improving debt-to-equity ratio.
Dividends and Shareholder Returns:
- Dividend History: PEG maintains a reliable dividend payout history, increasing the annual dividend consistently. As of November 2023, the annual dividend stands at $2.72 per share, yielding 3.2%.
- Shareholder Returns: PEG has delivered impressive shareholder returns, exceeding 30% in the last year and 80% over the past five years.
Growth Trajectory:
Historical: PSEG has demonstrated steady historical growth within the past 5 to 10 years, evident in revenue, earnings, and dividend hikes. Future: The company's commitment to clean energy innovation, strategic acquisitions, and infrastructure investments bodes well for continued growth.
Market Dynamics:
Industry trends:
- Increasing demand for clean energy: The ongoing shift towards renewable energy sources is a pivotal market driver.
- Upgrading infrastructure: Existing infrastructure requires modernization to improve efficiency and reliability.
- Technological changes: Smart grid technologies and energy storage are revolutionizing the energy landscape.
PSEG positioning:
- PSEG is well-positioned with its diversified energy generation portfolio and investments in renewables.
- The company focuses on grid modernization initiatives and explores cutting-edge technologies.
Competitors:
- Major electric utilities:
- Exelon (EXC)
- Duke Energy (DUK)
- Southern Company (SO)
- PSEG's electric generation market share lags behind these competitors while enjoying a dominant position within its primary service area.
- Independent power producers:
- NRG Energy (NRG)
- Calpine Corporation (CPN)
- Competitive pressures come primarily from these independent producers, especially in deregulated markets.
Key Challenges:
- Fluctuating energy prices: PSEG navigates volatile energy prices, impacting its bottom line.
- Environmental regulations: The company faces evolving environmental regulations as it transitions towards cleaner energy.
- Competition: Maintaining market share and adapting to competitive pressures necessitates continuous innovation and cost-efficiency.
Potential Opportunities:
- Expanding renewable energy business: PSEG capitalizes on the growing demand for cleaner energy resources.
- Developing new technologies: Investment in grid modernization and smart energy solutions presents promising market opportunities.
- Strategic acquisitions or partnerships: PSEG can strategically expand its reach and diversify its portfolio through acquisitions and partnerships.
Recent Acquisitions (past 3 years):
- 2023: Acqu
About Public Service Enterprise Group Inc
Exchange NYSE | Headquaters Newark, NJ, United States | ||
IPO Launch date 1980-01-02 | Chair, President & CEO Mr. Ralph A. LaRossa | ||
Sector Utilities | Industry Utilities - Regulated Electric | Full time employees 12543 | |
Full time employees 12543 |
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business 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, 2023, it had electric transmission and distribution system of 25,000 circuit miles and 866,600 poles; 56 switching stations with an installed capacity of 39,953 megavolt-amperes (MVA), and 235 substations with an installed capacity of 10,382 MVA; 109 MVA aggregate installed capacity for substations; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 56 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.
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