Public Service Enterprise Group Stock: Is PEG Outperforming the Utilities Sector?
Newark, New Jersey-based Public Service Enterprise Group Incorporated (PEG) is a utilities company, focusing on diversified electric, gas and nuclear generation businesses. Valued at $39.6 billion by market cap, the company operates through PSE&G and PSEG Power segments.
Companies worth $10 billion or more are generally described as “large-cap stocks.” Public Service Enterprise fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the utilities space.
PEG touched its all-time high of $95.22 on Nov. 27, 2024 and is currently trading 15.1% below that peak. Meanwhile, the stock has gained 2.9% over the past three months, lagging behind the Utilities Select Sector SPDR Fund’s (XLU) 4.5% gains during the same time frame.
PEG has underperformed the broader market over the long term as well. PEG stock has dipped 4.4% on a YTD basis and gained 9.7% over the past 52 weeks, underperforming XLU’s 6.9% returns in 2025 and 14.9% surge over the past year.
To confirm its downtrend, PEG stock has traded consistently below its 200-day moving average since late February and mostly below its 50-day moving average since mid-December 2024, with some fluctuations.
PEG’s stock prices dropped 2.1% following the release of its mixed Q1 results on Apr. 30. The company’s topline observed a notable boost during the quarter, driven by increased energy consumption due to colder weather in January and February. Its operating revenues for the quarter surged 16.7% year-over-year to $3.2 billion, exceeding the consensus estimates by a notable margin. However, the company failed to fully convert the topline gains into bottom-line growth. Its non-GAAP operating earnings for the quarter increased at a much slower pace of 9.3%, reaching $718 million, missing the consensus estimates.
PEG has also lagged behind its peer Exelon Corporation’s (EXC) 18.4% gains over the past 52 weeks and 13.9% surge on a YTD basis.
Among the 19 analysts covering the PEG stock, the consensus rating is a “Moderate Buy.” Its mean price target of $87.78 suggests an 8.6% upside potential from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.