Public Service Enterprise Group (PEG)
New Jersey electric and gas utility paired with merchant nuclear generation.
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Provides regulated electric transmission and electric and gas distribution in New Jersey through PSE&G, plus merchant nuclear generation through PSEG Power & Other. Utility tariffs supply most earnings, while nuclear output and capacity are sold into PJM; PSEG Long Island operates LIPA’s grid under contract.
Delivers electricity and natural gas across New Jersey through PSE&G, whose regulated businesses span electric transmission, electric and gas distribution, solar projects, energy-efficiency programs, and appliance service. Execution centers on grid hardening, gas-main replacement, and reliability-focused investment, with rates overseen by the New Jersey Board of Public Utilities and FERC.
Generates and sells power through PSEG Power & Other, operating the Salem and Hope Creek nuclear stations while co-owning Peach Bottom. The segment also supplies wholesale gas to PSE&G, while PSEG Long Island operates LIPA’s electric grid under contract. The business is concentrated in New Jersey; regulated returns depend on rate approvals, while nuclear earnings depend on plant performance, NRC requirements, and PJM energy and capacity markets.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $91 | Target: $88 |
| Aug 21, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $93 | Target: $91 |
| Aug 13, 2026 | Truist Financial | Target | Target: $88 | Target: $84 |
| Jul 22, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $90 | Target: $93 |
| Jul 20, 2026 | Jefferies | Reiterate | Rating: —Target: $89 | Target: $78 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $192.0M · Total debt $24.68B · Total assets $58.81B · Shareholders' equity $17.33B
- Revenue
- $2.55B
- Operating income
- $461.0M
- Net income
- $334.0M
HistoryDividendAnnual yield
| Institutions | 61.66% | 388.99M shares | |
|---|---|---|---|
| 1,330 holders · as of Jun 30, 2026 | |||
| Insiders | 0.13% | 833.5K shares | |
| 11 holders · as of Sep 18, 2026 | |||
| Other | 38.21% | 241.04M shares | |
| remainder | |||
630.87M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (630.87M in the company's Sep 22, 2026 report, 498.32M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.53% | 53.80M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.16% | 32.55M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.82% | 30.39M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.67% | 29.48M | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 2.36% | 14.88M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Ralph A. LaRossa | director, officer: Chair, President and CEO | −2,083 | $73.46 |
| Aug 11, 2026 | Richard T. Thigpen | officer: SVP Corporate Citizenship | −8,000 | $74.56 |
| Aug 3, 2026 | Ralph A. LaRossa | director, officer: Chair, President and CEO | −2,083 | $76.47 |
| Jul 1, 2026 | Ralph A. LaRossa | director, officer: Chair, President and CEO | −2,083 | $80.51 |
| Jun 24, 2026 | Kim C. Hanemann | officer: President and COO - PSE&G | −3,035 | $82.00 |
- Exelon
Largest US regulated T&D utility holdco; owns Atlantic City Electric in NJ.
- Constellation Energy
Dominant PJM nuclear operator; co-owns Salem and Peach Bottom with PSEG Power.
- FirstEnergy
NJ electric utility rival via JCP&L; same NJ BPU regulator as PSE&G.
- Consolidated Edison
NYC-metro regulated utility; investor benchmark for Mid-Atlantic T&D returns.
- Eversource Energy
New England's largest regulated utility; Northeast T&D pure-play peer.
- Vistra
Second-largest PJM nuclear operator; capacity market rival to PSEG Power.
- PPL
PJM-based PA regulated utility; named in PSEG's compensation peer group.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Public Service Enterprise Group | $69.37 | +0.08% | $34.54B | 17.2 | 15.4 | 2.8 | −9.0% |
| Exelon | $41.82 | −0.38% | $43.25B | 15.3 | 14.1 | 1.7 | +10.0% |
| Constellation Energy | $264.46 | +0.90% | $94.12B | 25.5 | 21.3 | 3.0 | +23.0% |
| FirstEnergy | $44.88 | −0.21% | $26.02B | 24.0 | 15.6 | 1.6 | +9.5% |
| Consolidated Edison | $103.93 | +0.07% | $38.28B | 17.1 | 16.6 | 2.2 | +13.2% |
| Eversource Energy | $66.47 | −0.64% | $25.16B | 17.3 | 14.1 | 1.8 | +2.3% |
| Vistra | $141.08 | +0.21% | $47.47B | 23.7 | 15.0 | 3.0 | −5.5% |
| PPL | $32.94 | −0.35% | $24.87B | 19.6 | 15.9 | 2.6 | +4.3% |
| Median | 19.6 | 15.6 | 2.2 | +9.5% |