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Public Service Enterprise Group

New Jersey electric and gas utility paired with merchant nuclear generation.

$73.19
After-hours close−0.01 (−0.01%)
At close$73.20(−0.18%)
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Profile

Public Service Enterprise Group IncorporatedPEGUtilities

Provides regulated electric transmission and electric and gas distribution in New Jersey through PSE&G, plus merchant nuclear generation through PSEG Power & Other. Utility tariffs supply most earnings, while nuclear output and capacity are sold into PJM; PSEG Long Island operates LIPA’s grid under contract.

Delivers electricity and natural gas across New Jersey through PSE&G, whose regulated businesses span electric transmission, electric and gas distribution, solar projects, energy-efficiency programs, and appliance service. Execution centers on grid hardening, gas-main replacement, and reliability-focused investment, with rates overseen by the New Jersey Board of Public Utilities and FERC.

Generates and sells power through PSEG Power & Other, operating the Salem and Hope Creek nuclear stations while co-owning Peach Bottom. The segment also supplies wholesale gas to PSE&G, while PSEG Long Island operates LIPA’s electric grid under contract. The business is concentrated in New Jersey; regulated returns depend on rate approvals, while nuclear earnings depend on plant performance, NRC requirements, and PJM energy and capacity markets.

Company facts

CEORalph A. LaRossa
ListedJan 2, 1980
ExchangeNYSE
HeadquartersNewark, NJ
CountryUnited States
Employees13,189
CIK0000788784
ISINUS7445731067

Categories

Key statistics

Market cap$36.47B
EPS (ttm)$4.02
P/E (ttm)18.21
ROE11.7%
P/B2.11
P/S2.91
Dividend yield3.55%
Beta0.12vs XLU 1.00

Year to date −9.6% · Average volume (30d) 2.6M

Analysts

Price target, next 12 months$82.50+12.7%Median of 33 analysts · vs the Aug 28 close
ConsensusBuy16 of 33 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 21, 2026Morgan StanleyReiterateOverweight$93$91
Aug 13, 2026Truist FinancialTarget$88$84
Jul 22, 2026Morgan StanleyReiterateOverweight$90$93
Jul 20, 2026JefferiesReiterateHold$89$78
Jul 1, 2026RBC CapitalInitiateSector Perform$81

Earnings

EPS

Estimate$1.19
ReportedDue Nov 2, 2026

Revenue

Estimate$3.19B
ReportedDue Nov 2, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 4, 2026Q2 FY26$0.79$0.86+8.3%$2.66B$2.55B−4.0%−0.46%
May 5, 2026Q1 FY26$1.44$1.55+7.6%$3.35B$3.85B+14.7%−0.48%
Feb 26, 2026Q4 FY25$0.71$0.72+1.3%$2.68B$2.92B+8.7%+0.26%
Nov 3, 2025Q3 FY25$1.02$1.13+10.8%$2.72B$3.23B+18.6%+0.57%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$3.22B$2.81B$3.23B$2.92B$3.85B$2.55B
Gross profit$1.12B$1.13B$1.17B$4.99B$2.91B$1.65B
Operating income$797.0M$817.0M$855.0M$511.0M$1.08B$461.0M
Net income$589.0M$585.0M$622.0M$315.0M$741.0M$334.0M
Diluted EPS$1.18$1.17$1.24$0.63$1.48$0.67
Gross margin34.7%40.1%36.1%171.1%75.6%64.5%
Operating margin24.7%29.1%26.5%17.5%27.9%18.1%

Fiscal years (4-quarter sums)FY21 $9.72B · FY22 $9.80B · FY23 $11.24B · FY24 $10.29B · FY25 $12.17B

Revenue by product · Q2 FY26

Public Service Electric And Gas Company$1.25B · 46%
Transmission$460.0M · 17%
Electricity And Related Products$351.0M · 13%
Gas Distribution Contracts$343.0M · 13%
Other Contract Revenues$273.0M · 10%
Natural Gas$51.0M · 2%

Balance sheet, Jun 30, 2026Cash & short-term investments $192.0M · Total debt $24.68B · Total assets $58.81B · Shareholders' equity $17.33B

Dividends

Next ex-date
Sep 9, 2026
in 11 days
Annual dividend
$2.60
per share
Dividend yield
3.55%
Schedule
Quarterly
4 payments a year

Raised for 45 straight years — most recently to $0.67 from $0.63 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.

History

Ex-dateRecordPaidAmountNote
Jun 9, 2026Jun 9Jun 30$0.67
Mar 10, 2026Mar 10Mar 31$0.67raised from $0.63
Dec 10, 2025Dec 10Dec 31$0.63
Sep 9, 2025Sep 9Sep 30$0.63
Jun 9, 2025Jun 9Jun 30$0.63
Mar 10, 2025Mar 10Mar 31$0.63raised from $0.60
Dec 10, 2024Dec 10Dec 31$0.60
Sep 9, 2024Sep 9Sep 30$0.60
View details

Ownership

Institutions 95.80%477.41M sharesInsiders 0.17%826.2K sharesOther 4.03%20.08M shares

Shares outstanding 498.32M · Float 497.44M · 99.8% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
BlackRock, Inc.53.80M10.80%13FAug 7, 2026
Vanguard Capital Management LLC32.55M6.53%13FAug 13, 2026
Vanguard Portfolio Management LLC30.39M6.10%13FAug 13, 2026
State Street Corp29.48M5.92%13FAug 7, 2026
Bank of America Corp /DE/14.88M2.99%13FAug 14, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 11, 2026Richard T. Thigpenofficer: SVP Corporate Citizenship−8,000$74.56
Aug 3, 2026Ralph A. LaRossadirector, officer: Chair, President and CEO−2,083$76.47
Jul 1, 2026Ralph A. LaRossadirector, officer: Chair, President and CEO−2,083$80.51
Jun 24, 2026Kim C. Hanemannofficer: President and COO - PSE&G−3,035$82.00
Jun 1, 2026Ralph A. LaRossadirector, officer: Chair, President and CEO−2,083$77.01
View details

Peers

  • Exelon

    Largest US regulated T&D utility holdco; owns Atlantic City Electric in NJ.

  • Constellation Energy

    Dominant PJM nuclear operator; co-owns Salem and Peach Bottom with PSEG Power.

  • FirstEnergy

    NJ electric utility rival via JCP&L; same NJ BPU regulator as PSE&G.

  • Consolidated Edison

    NYC-metro regulated utility; investor benchmark for Mid-Atlantic T&D returns.

  • Eversource Energy

    New England's largest regulated utility; Northeast T&D pure-play peer.

  • Vistra

    Second-largest PJM nuclear operator; capacity market rival to PSEG Power.

  • PPL

    PJM-based PA regulated utility; named in PSEG's compensation peer group.

CompareAfter-hours close

CompanyPriceChange
Public Service Enterprise Group$73.19−0.01%$36.47B18.216.32.9−9.0%
Exelon$44.08+0.38%$45.26B16.014.91.8+10.0%
Constellation Energy$277.11+0.13%$99.38B26.922.43.2+23.0%
FirstEnergy$46.29+0.92%$26.54B24.515.91.7+9.5%
Consolidated Edison$107.49+0.01%$39.61B17.717.42.2+13.2%
Eversource Energy$70.84+0.02%$26.64B18.415.11.9+2.3%
Vistra$138.00+0.67%$46.22B23.114.62.9−5.5%
PPL$34.18−0.03%$25.74B20.216.53.6+4.3%
Median20.215.92.2+9.5%