Higher power prices and infrastructure investments supported earnings growth.

Public Service Enterprise Group (PEG) recently filed a shelf registration for 3,000,000 shares of common stock, valued at about US$239.31 million, connected to an employee stock ownership plan offering. See our latest analysis for Public Service Enterprise Group. Against this backdrop, Public Service Enterprise Group’s share price has eased in recent months, with a 30 day share price return of down 6.55% and year to date share price return of down 5.83%, while the 5 year total shareholder...

Public Service Enterprise Group stock has risen about 40.5% over the past five years, yet its current checks suggest a mixed picture, with the Dividend Discount Model (DDM) pointing to a price close to intrinsic value while market multiples appear more supportive. Over five years, shareholders are up roughly 40.5%, which points to a steady but not runaway gain for a regulated utility stock. New proposals to supply power to data centers through PJM’s reliability initiative can support long...