Public Service Enterprise Group with ticker code (PEG) have now 14 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 66 and 52 calculating the average target price we see 58.71. With the stocks previous close at 52.39 this would imply there is a potential upside of 12.1%. The 50 day moving average now sits at 51.01 and the 200 moving average now moves to 51.51. The market capitalisation for the company is $28,285m. Company Website: http://www.pseg.com
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2019, it had electric transmission and distribution system of 25,000 circuit miles and 858,000 poles; and 18,000 miles of gas mains, 12 gas distribution headquarters, 2 sub-headquarters, and 1 meter shop. This segment also owns and operates 52 switching stations with an aggregate installed capacity of 37,353 megavolt-amperes (MVA), as well as 244 substations with an aggregate installed capacity of 8,428 MVA; and 4 electric distribution headquarters and 5 sub-headquarters, as well as 58 natural gas metering and regulating stations. The Power segment operates nuclear, coal, gas, oil-fired, solar, and renewable generation facilities. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.