PEG Surges to 368th in Trading Volume with $317 Million Turnover

On July 23, 2025, Public Service Enterprise Group (PEG) saw a significant increase in trading volume, with a turnover of $317 million, marking a 33.96% rise from the previous day. This surge placed PEG at the 368th position in terms of daily trading volume. The stock price of PEG rose by 1.03%, extending its winning streak to six consecutive days, with a cumulative gain of 5.89% over the past week.

Analysts have shown optimism towards PEG, with BMO Capital Markets raising its price target from $83.00 to $84.00. This adjustment comes after PEG's recent price increase and the declaration of a $0.63 per-share dividend. The firm maintains a Market Perform rating on the stock, anticipating that the company's upcoming second-quarter earnings per share (EPS) will align closely with the consensus estimate of 70 cents, reflecting a 10% improvement year-over-year.

Public Service Enterprise Group Inc. (PEG) reported strong financial results for the first quarter of 2025. The company's net income increased to $1.18 per share, up from $1.06 per share in the same period last year. Non-GAAP operating earnings also saw an improvement, rising to $1.43 per share from $1.31 per share. PSE&G, a subsidiary of PEG, reported net income and non-GAAP operating earnings of $546 million, an increase from $488 million in the previous year. The company's capital investments for the quarter amounted to $800 million, with a full-year plan of $3.8 billion. PEG's liquidity position remains robust, with total available liquidity of $4.6 billion as of March 2025, including $900 million in cash.

Despite the positive financial performance, PEG faces several challenges. The Basic Generation Service (BGS) default rate is set to increase residential electric bills by 17% starting June 1, largely due to capacity auction results. Ongoing discussions with New Jersey policymakers aim to mitigate the impact on customer bills, indicating potential regulatory hurdles. Additionally, uncertainties related to the FERC 206 process and the settlement process for behind-the-meter data centers pose further challenges. PSEG is also dealing with affordability concerns in New Jersey, with upward pressure on energy prices expected to persist until new generating supply is added to the grid. Commercial discussions related to nuclear capacity are contingent on resolving uncertainties around FERC processes and market rules.