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Public Service Enterprise Group Inc - Stock Quote PEG

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Morningstar's Public Service Enterprise Group Inc Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

PSEG Moves Forward With Clean Energy Growth Plan

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $64 fair value estimate for Public Service Enterprise Group after the company announced first-quarter earnings per share of $1.33 on an adjusted basis, up from $1.28 during the first quarter of 2021. PSEG remains on track to meet our full-year earnings estimate. We are maintaining our narrow moat and stable moat trend ratings.

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Public Service Enterprise Group Inc's Company Profile

Business Description

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy infrastructure. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the Mid-Atlantic, New York, and the Northeast.

Contact
80 Park Plaza
Newark, NJ, 07102
T +1 973 430-7000
Sector Utilities
Industry Utilities - Diversified
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2021
Stock Type Distressed
Employees 25,368

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