PEG Stock Summary and Trading Ideas (Public Service Enterprise Group | NYSE:PEG)

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.3 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.

Public Service Enterprise Group trades on the NYSE stock market under the symbol PEG.

As of January 3, 2025, PEG stock price climbed to $86.25 with 1,480,060 million shares trading.

PEG has a beta of 0.22, meaning it tends to be less sensitive to market movements. PEG has a correlation of 0.02 to the broad based SPY ETF.

PEG has a market cap of $42.96 billion. This is considered a Large Cap stock.

Last quarter Public Service Enterprise Group reported $3 billion in Revenue and $.90 earnings per share. This beat revenue expectation by $142 million and exceeded earnings estimates by $.03.

In the last 3 years, PEG traded as high as $95.22 and as low as $52.51.

The top ETF exchange traded funds that PEG belongs to (by Net Assets): VTI, VOO, VO, XLU, SPY.

PEG has outperformed the market in the last year with a price return of +43.4% while the SPY ETF gained +27.8%. However, in the short term, PEG had mixed performance relative to the market. It has underperformed in the last 3 months, returning -5.2% vs +4.6% return in SPY. But in the last 2 weeks, PEG shares have fared better than the market returning +1.4% compared to SPY +0.1%.

PEG support price is $83.96 and resistance is $86.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PEG shares will trade within this expected range on the day.