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.
Regulatory Resilience | Explore PSEG's strategic advantage in New Jersey's supportive regulatory framework, bolstering stability and growth potential in a volatile energy market |
Data Center Boom | Learn how PSEG is poised to capitalize on surging electricity demand from AI-driven data centers, with projected profit growth of 8.7% in 2024 and 10% in 2025 |
Nuclear Asset Potential | Delve into PSEG's compelling nuclear strategy, including behind-the-meter deals and Production Tax Credits, positioning the company as a clean energy leade |
Market Challenges | Analysts set an average price target of $82, reflecting a complex landscape of commodity price fluctuations, operational hurdles, and ongoing rate case proceedings |
Metrics to compare | PEG | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipPEGPeersSector | |
---|---|---|---|---|
P/E Ratio | 21.3x | 26.9x | 11.9x | |
PEG Ratio | −0.77 | 0.50 | 0.02 | |
Price/Book | 2.7x | 4.8x | 1.3x | |
Price / LTM Sales | 4.2x | 3.3x | 1.5x | |
Upside (Analyst Target) | 3.6% | −1.4% | 22.4% | |
Fair Value Upside | Unlock | −22.0% | 3.0% | Unlock |