Public Service Enterprise Group

Public Service Enterprise Group Inc (PEG) is a diversified energy company headquartered in Newark, New Jersey. It primarily operates through two main subsidiaries: PSEG Power, which generates electricity, and Public Service Electric and Gas Company (PSE&G), a regulated utility that transmits and distributes electricity and natural gas. The company serves residential, commercial, and industrial customers in New Jersey and parts of the Mid-Atlantic region.

PEG's revenue is derived from two primary segments: PSE&G (regulated utility) and PSEG Power (energy generation). The regulated utility segment generates stable, rate-regulated income from electric and gas distribution, while the power generation segment sells electricity into wholesale markets. In recent quarters, revenue has grown strongly, with a 19.43% year-over-year increase, driven by higher energy prices and demand.

The company operates in the regulated electric utility industry, a sector characterized by high barriers to entry and stable cash flows. PEG is one of the largest utilities in the U.S., with a market capitalization of $38.75 billion. Its competitive positioning is supported by a diversified generation mix, including nuclear, solar, and natural gas, and a strong focus on clean energy transition. The company's profit margin of 17.69% and operating margin of 24.49% indicate efficient operations.

PEG's primary customers are residential, commercial, and industrial users in New Jersey, where it serves over 2 million electric and 1.8 million gas customers. The company also sells electricity to wholesale markets in the Mid-Atlantic region. Its key geographic market is the U.S., specifically New Jersey and surrounding states. The company's dividend yield of 3.04% appeals to income-focused investors.

An auto-generated descriptive profile based on company data, for informational purposes only.