Skip to Content

Public Service Enterprise Group Inc PEG

Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


New Jersey Steps Up Carbon Reduction Target Again; Reaffirming PSEG's Long-Term Upside

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $54 fair value estimate for Public Service Enterprise Group after New Jersey Gov. Phil Murphy on Nov. 10 signed an executive order requiring a 50% cut in the state's greenhouse gas emissions from 2006 levels by 2030. This helps clarify the path to New Jersey's 80% GHG reduction target by 2050. We are maintaining our narrow moat and stable moat trend ratings.

Read Full Analysis

Company Profile

Business Description

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other non-regulated businesses such as nuclear power generation and clean energy infrastructure. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. PSEG also operates the Long Island Power Authority system. In 2021, PSEG sold its gas and oil power plants in the Mid-Atlantic, New York, and the Northeast.

80 Park Plaza
Newark, NJ, 07102
T +1 973 430-7000
Sector Utilities
Industry Utilities - Diversified
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type High Yield
Employees 12,788