Public Service Enterprise Group Incorporated Surges to 142nd in Daily Rankings with $992 Million Turnover

On May 30, 2025, Public Service Enterprise Group Incorporated (PEG) saw a significant surge in trading volume, with a turnover of $992 million, marking a 392.15% increase from the previous day. This substantial rise in trading volume placed PEG at the 142nd position in the daily stock market rankings. The company's stock price increased by 1.86%, marking the second consecutive day of gains and a total increase of 3.76% over the past two days.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in the electric and gas utility, and nuclear generation businesses in the United States. The company is structured into two main segments: PSE&G and PSEG Power. The PSE&G segment is responsible for transmitting and distributing electricity and natural gas to residential, commercial, and industrial customers, as well as investing in solar generation projects and energy efficiency programs. The PSEG Power segment focuses on nuclear generation and other energy-related activities.

In 2024, PEG reported a revenue of $10.29 billion, a decrease of 8.43% compared to the previous year's $11.24 billion. Earnings for the year were $1.77 billion, a decrease of 30.86%. Despite these financial setbacks, the company has maintained a strong position in the market, with 13 analysts giving an average rating of "Buy" for PEG stock. The 12-month stock price forecast is $89.17, indicating a potential 10.05% increase from the latest price.

PSE&G has proposed new solutions to assist customers in dealing with upcoming energy price increases. The company has filed an updated proposal to offer additional short-term assistance while preparing for long-term solutions. This initiative aims to support customers during a period of rising energy costs, demonstrating the company's commitment to customer service and sustainability.

Public Service Enterprise Group Incorporated announced its first-quarter 2025 results, reporting a net income of $1.18 per share and non-GAAP operating earnings of $1.43 per share. The company has maintained its 2025 non-GAAP operating earnings guidance of $3.94 to $4.06 per share, reflecting its confidence in future performance. Additionally, PSEG declared a regular quarterly dividend of $0.63 per share for the second quarter of 2025, continuing its tradition of paying dividends to shareholders.

PSEG Long Island and Suffolk County have joined forces for an Energy-Saving Trees giveaway in honor of Earth Day. This initiative aims to help Suffolk residents save on energy costs by providing free trees, which can reduce energy consumption and promote environmental sustainability. The event is part of PSEG's ongoing efforts to support community initiatives and promote energy efficiency.