Public Service Enterprise Group Inc

PEG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$26.00	Fvblhy	Dtsrdlpqt

Public Service Enterprise Group: 2024 Guidance in Line With Our Outlook

Travis Miller

Dec 20, 2023

We are reaffirming our $65 fair value estimate for Public Service Enterprise Group after management initiated 2024 earnings per share guidance of $3.60-$3.70 and reaffirmed its long-term 5%-7% annual earnings growth target. We are reaffirming our $3.65 EPS estimate for 2024 and 6% annual earnings growth forecast.

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