Public Service Enterprise Group Incorporated (PEG) Stock

Public Service Enterprise Group Incorporated (PEG) is a Utilities stock trading at $72.62 (as of 2026-08-21), with a market capitalization of $36.20B and a trailing P/E of 18.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Public Service Enterprise Group Incorporated (PEG) operates an energy business through subsidiaries serving the Northeastern and Mid-Atlantic United States. It reports two segments—PSE&G, which transmits and distributes electricity and gas and offers related services and programs, and PSEG Power, which operates power generation.

Understand Public Service Enterprise Group Incorporated: how it makes money

PSEG provides electricity transmission, electricity and gas distribution, and related energy and appliance services in the Northeastern and Mid-Atlantic United States, and it also operates power generation through PSEG Power.

Cash flow is primarily driven by delivering electricity and gas to residential, commercial, and industrial customers (PSE&G), with additional contribution from power generation and energy-related projects (PSEG Power), plus customer-facing appliance services and repairs.

Business quality (Strong): PSEG is a geographically focused utility operator with two business lines, one centered on delivering electricity and gas and another centered on power generation, and it also runs solar generation and energy efficiency related programs.

Valuation: At 18× earnings, PEG trades 16% below the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

  • Two clear operating lines: The company operates through PSE&G (electric transmission, electricity and gas distribution, solar and energy efficiency programs, and appliance services and repairs) and PSEG Power (power generation).
  • Broad customer coverage in served categories: PSE&G serves residential, commercial, and industrial customers, and also offers appliance services and repairs.

Bear case

  • Geographic concentration: PSEG primarily operates in the Northeastern and Mid-Atlantic United States, which concentrates performance and outcomes in that region.
  • Execution and investment risk: The business includes investments in solar generation projects and energy efficiency and related programs, which adds complexity and execution risk.
Valuation — source: SEC EDGAR (first-party)
Price$72.62
Market Cap$36.20B
P/E Ratio18.0
EV / EBITDA20.5
Price / Book2.09
Price / Sales2.89
FCF Yield0.8%
DCF Value (model)$44.28
DCF Upside vs Price-39.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$12.17B
Net Margin17.3%
Revenue Growth (YoY)-8.9%
EPS Growth (YoY)-42.7%
FCF Growth (YoY)-30.1%
Financial Health — source: SEC EDGAR
Altman Z-Score1.22 (distress)
Valuation vs Sector & Industry
Stock P/E18.0
Sector P/E (Utilities)20.8
Industry P/E (Utilities)20.1
vs Sector-13.7%
vs Industry-10.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($5.42B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorUtilities
IndustryUtilities
CEORalph A. LaRossa
Employees13,047
CountryUS
IPO Date1980-01-02

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

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  • Pacific Gas & Electric Co. (PCG)
  • Exelon Corporation (EXC)
  • Consolidated Edison, Inc. (ED)
  • WEC Energy Group, Inc. (WEC)
  • Ameren Corporation (AEE)
  • CMS Energy Corporation (CMS)
  • NiSource Inc. (NI)
PEG earnings history · PEG institutional & insider holders · PEG KPIs & operating metrics · PEG financials · PEG investor presentations & press releases · PEG SEC filings · PEG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.