Public Service Enterprise Group Inc
PEG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$91.00 | Xrgdxr | Qvwtwqx |
PSEG Turns in Another Quarter of Solid Performance; Reviewing Offshore Wind Strategy
We are reaffirming our $65 fair value estimate for Public Service Enterprise Group, or PSEG, after the company reported earning $0.86 per share in the third quarter and remains on track to meet our full-year projections. Management tightened its 2022 EPS guidance range to $3.40 to $3.50, in line with our estimate. We are maintaining our narrow moat and stable moat trend ratings for the firm.