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Public Service Enterprise Group Inc PEG

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

New-Look PSEG Focuses on Clean Energy Investment, Returning Capital to Shareholders

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $54 fair value estimate for Public Service Enterprise Group after increasing our forecasts for capital investment, dividend growth, and share buybacks to reflect management's announcements during its Sept. 27 investor day. We are maintaining our narrow moat and stable moat trend ratings and reducing our fair value uncertainty rating to low from medium.

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Company Profile

Business Description

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other non-regulated 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. PSEG also operates the Long Island Power Authority system. In 2021, PSEG 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 Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type High Yield
Employees 12,788

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