Public Service Enterprise Group with ticker code (PEG) now have 18 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 79 and 63 and has a mean target at 70.22. With the stocks previous close at 67.28 this is indicating there is a potential upside of 4.4%. The 50 day MA is 65.03 and the 200 day moving average is 62.91. The company has a market cap of $33,920m. Company Website: https://www.pseg.com
The potential market cap would be $35,402m based on the market concensus.
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, 2020, it had electric transmission and distribution system of 25,000 circuit miles and 860,000 poles; 54 switching stations with an installed capacity of 38,353 megavolt-amperes (MVA), and 245 substations with an installed capacity of 8,647 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 58 natural gas metering and regulating stations. The Power segment operates nuclear, gas, oil-fired, and renewable generation assets. It has total generating output was approximately 52,900 gigawatts hours; and owns and operates 467 MW direct current of photovoltaic solar generation facilities. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.
