Evercore ISI Group has initiated coverage on Public Service Enterprise Group Inc (PEG) with an In-Line rating, effective October 6, 2025. This marks the firm's first assessment of the company, reflecting their research on the business and industry dynamics.
Public Service Enterprise Group, headquartered in Newark, New Jersey, operates in the utilities sector. The company engages in regulated electric and gas utility services and nuclear generation, employing 13,047 full-time staff. It owns an independent fleet of 3,758 MW of carbon-free nuclear power-generating units, primarily through its subsidiaries Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC.
As of the latest financial snapshot, PEG has a market cap of $41.2 billion, a P/E ratio of 19.80, and an EPS of 4.16. The company also boasts a dividend yield of 310.7%. Upcoming earnings are scheduled for August 3, 2026, with an EPS estimate of $0.92 and revenue expected at $2.8 billion.
Analyst ratings and price targets provide insights based on professional research. However, they are based on assumptions that may not materialize. Investors should consider a range of factors, including company fundamentals and market trends, before making decisions. Analyst ratings can change as new information emerges, reflecting varying opinions across the analyst community.