Public Service Enterprise Group Inc

PEG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$98.00	Gyjqfg	Hdrxqyc

Public Service Enterprise Group: Gas Investment Plan Key Growth Driver

Travis Miller

Oct 26, 2023

We are reaffirming our $65 fair value estimate for Public Service Enterprise Group after New Jersey regulators approved approximately $900 million of investment in the company's natural gas distribution system during the next two years. We are also maintaining our narrow moat rating.

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