(PEG) Public Service Enterprise - Ratings and Ratios

Public Service Enterprise Group Incorporated (NYSE:PEG) operates as a diversified energy company with a strong presence in electric and gas utilities, as well as nuclear power generation. The company is structured into two primary segments: PSE&G (Public Service Electric and Gas) and PSEG Power. PSE&G focuses on the transmission and distribution of electricity and natural gas, serving residential, commercial, and industrial customers across its service territory. It also offers appliance repair services and actively invests in solar generation projects, energy efficiency programs, and grid modernization initiatives. PSEG Power, on the other hand, specializes in nuclear generation, operating a fleet of nuclear power plants, and manages natural gas storage facilities and wholesale power sales.

As of December 31, 2024, PSEGs infrastructure includes an extensive electric transmission and distribution system spanning 25,000 circuit miles and 869,000 poles, supported by 57 switching stations with a combined capacity of 40,000 megavolt-amperes (MVA) and 234 substations with an installed capacity of 10,750 MVA. The company also maintains 18,000 miles of gas mains, 12 gas distribution headquarters, and 54 natural gas metering and regulating stations. Its renewable energy portfolio includes 158 megawatts of installed solar capacity, reflecting its commitment to transitioning toward cleaner energy sources. Founded in 1903 and headquartered in Newark, New Jersey, PSEG has established itself as a leader in the utilities sector, balancing traditional energy delivery with progressive sustainability initiatives.

3-Month Forecast

Based on the provided and , the stock is expected to test the upper resistance level of 85.6 in the near term, supported by its current price of 83.36 and a bullish crossover of the SMA 20 (81.69) and SMA 50 (81.79). The ATR of 2.15 suggests moderate volatility, with potential pullbacks finding support at 80.5 and 78.7. Fundamentally, the companys market cap of $41.56 billion, forward P/E of 20.83, and return on equity (RoE) of 11.00% indicate a stable financial position, with upside potential driven by its ongoing investments in renewable energy and grid infrastructure.