Public Service Enterprise Group (PEG)
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
$73.70-0.15%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
QuarterlyIQ Insights · PEG
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within utilities on a research-validated quality screen. As of 2026-09-04.
The screen ranks PEG against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated neutral grew net income 67% of the time over the next year (vs 64% for the rest of the cohort, n=1452).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue executing strategic plan to grow non-GAAP Operating Earnings at 6%-8% CAGR through 2030 driven by regulated investments, nuclear output hedging, and cost control.
Stated as a priority in 4 of last 4 quarters. Management reiterated a long-term non-GAAP Operating Earnings growth outlook of 6%-8% CAGR through 2030, supported by regulated capital investments and nuclear output hedging. The company has a 21-year track record of meeting or exceeding guidance. Financials show non-GAAP Operating Earnings increased from $4.05 per share in 2025 to a reaffirmed guidance range of $4.28 to $4.40 for 2026, consistent with the growth target. The trajectory is delivering.
“PSEG’s long-term, non-GAAP earnings growth outlook is 6%-8% through 2030”
“PSEG’s long-term, non-GAAP earnings growth outlook is 6%-8% through 2030”
“PSEG’s long-term, non-GAAP earnings growth outlook updated to 6%-8% through 2030”
“Management track record of 21 consecutive years meeting or exceeding non-GAAP Operating Earnings guidance”
Continue disciplined investment in infrastructure modernization, energy efficiency, electrification, and load growth with a regulated capital spending plan of approximately $4.2 billion in 2026.
Stated as a priority in 4 of last 4 quarters. Management consistently communicated a regulated capital spending plan of approximately $4.2 billion for 2026 focused on infrastructure modernization and energy efficiency. Financials show PSE&G invested about $1 billion in Q2 2026 and the full-year plan remains on track. The trajectory is delivering as planned.
Sustain best-in-class safety, reliability, storm response, and customer satisfaction with operational excellence and rapid restoration efforts.
Stated as a priority in 3 of last 4 quarters. Management emphasized operational excellence including rapid storm response restoring power to approximately 380,000 customers in Q2 2026 and maintaining top customer satisfaction rankings. These operational achievements align with management’s stated focus and demonstrate delivering on this priority.
Maintain hedging of over 95% of expected nuclear output to mitigate market price volatility and support long-term earnings growth.
Stated as a priority in 3 of last 4 quarters. Management consistently reported hedging over 95% of expected nuclear output for 2026 to support earnings stability. This risk management approach aligns with the company’s earnings guidance and supports the long-term growth trajectory.
“Over 95% of expected nuclear output hedged for 2026”
Continue increasing the annual common dividend, with a recent $0.16 per share increase marking the 15th consecutive annual raise.
Stated as a priority in 3 of last 4 quarters. Management has consistently increased the annual common dividend, with the 2026 increase of $0.16 per share marking the 15th consecutive annual raise. This steady dividend growth aligns with the company’s financial performance and capital allocation strategy.
“PSEG raised 2026 indicative annual common dividend by $0.16 per share, the 15th consecutive annual increase”
Over the trailing year it converted 1.53x of net income into operating cash flow. Historically, Utilities names rated fragile grew net income 55% of the time over the next year (vs 70% for the rest of the cohort, n=929).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
6 material management or governance events in the past 24 months, led by executive changes. Historically, Utilities names rated stable grew net income 60% of the time over the next year (vs 69% for the rest of the cohort, n=176).
Not investment advice. As of 2026-09-04.
“Regulated capital spending plan for full year 2026 of ~$4.2 billion on track”
“Full-year capital spending plan of ~$4.2 billion is on track and on budget”
“Regulated capital investments for 2026 expected to total ~$4.2 billion”
“GSMP III authorized to invest $1.4 billion over three years beginning January 2026”
“PSE&G responded to one of the largest restoration efforts in its history restoring power to ~380,000 customers”
“PSE&G successfully responded to multiple extreme weather events including Winter Storm Hernando”
“PSE&G ranked #1 in Customer Satisfaction among Large Electric Utilities in the East Region”
“Hedged ~95% of expected nuclear output in 2026”
“Hedged ~95% of expected nuclear output in 2026; market prices above PTC threshold”
“First quarter dividend increased ~6% to annualized indicative rate of $2.68 per share for 2026”
“PSEG raised 2026 indicative annual common dividend by $0.16 per share, the 15th consecutive annual increase”