Public Service Enterprise Group with ticker code (PEG) have now 15 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 68 and 53 and has a mean target at 60.8. Given that the stocks previous close was at 52.24 this would indicate that there is a potential upside of 16.4%. The 50 day moving average now sits at 53.46 and the 200 moving average now moves to 50.37. The market capitalisation for the company is $25,960m. Visit the company website at: 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.