Public Service Enterprise Group Incorporated
Orin's own judgment of how firmly the evidence points one way — not the chance the price goes up.
PEG remains a hold as the stock has rebounded from its October 1 52-week low of $66.15 to $72.28 as of 9 Oct, with RSI normalizing to 59.9 and MACD histogram turning positive at 0.75, but the price still sits below both the 50-day ($72.39) and 200-day ($78.65) moving averages, indicating the broader downtrend is intact.
FY2025 fundamentals are solid — 18.3% revenue growth, $4.21 EPS, and a 24.5% operating margin — and the stock trades at a 10.3% P/E discount to the peer median (17.89x vs 19.95x), but Q2 2026 revenue declined 9.0% YoY and persistent insider selling with zero acquisitions over 24 months warrants patience until the technical downtrend convincingly breaks.
What could go wrong
- Revenue deceleration. Q2 2026 revenue fell 9.0% YoY to $2.554B after FY2025's 18.3% growth, raising concern that the growth narrative is stalling.
- Persistent insider selling. Over the trailing 24 months, insiders executed 16 dispositions and zero acquisitions, with net selling of 40,766 shares valued at $3.22M; the CEO sells 2,083 shares monthly.
- Downtrend not broken. Stock at $72.28 remains below both the 50-day MA ($72.39) and 200-day MA ($78.65) as of 9 Oct, and recently hit a 52-week low of $66.15.
- Thin free cash flow. FY2025 FCF margin was only 2.7% ($325M) against $2.04B in capex, limiting financial flexibility for dividend growth or debt reduction.
What would change my mind
Where this comes from: FY25 fundamentals · Q2 2026 results · peer comparison · technicals, 9 Oct. Orin's read on PEG; not advice.
How has the share price moved?
Down 12.7% over twelve months, from $83.45 on 27 Oct 2025 to $72.82 at the Tue 27 Oct 2026 close. Its highest close in that time was $86.95 on 17 Feb 2026; the last close is 16.3% below it.
- Green line: the closing price each trading day.
- Grey line: the average closing price over the last 50 trading days.
- Dashed amber line: the same over the last 200 trading days — a slower, smoother line.
- Bars along the bottom: shares traded each day — green when it closed higher than the day before, rose when lower (the most, 8.8M, on 6 Oct 2026).
- Flags: the company's filings, on the day they were made (a 10-Q is the quarterly report and a 10-K the annual report; an 8-K reports a major event).
On file
All PEG filingsLargest holders · 13F Q2 2026
Money flow| Filer | Position | Of fund |
|---|---|---|
| BlackRock | $4.4B | 0.1% |
| Vanguard Capital Management | $2.6B | 0.1% |
| Vanguard Portfolio Management | $2.5B | 0.1% |
| State Street | $2.4B | 0.1% |
| Bank of America | $1.2B | 0.1% |
| Geode Capital Management | $1.1B | 0.1% |
| Capital Research Global Investors | $870.0M | 0.1% |
| Morgan Stanley | $621.2M | 0.0% |
| Invesco | $614.2M | 0.0% |
| Norges Bank | $529.2M | 0.1% |
103 of the 815 filers we track · quarter ended Q2 2026 · positions, not flows
Insiders, last 24 months: 100 Form 4 filings; open-market trades net −$3.2M. Of the 50 on hand, 0 were open-market purchases and 11 sales — the rest are grants, option exercises and tax withholding.
Ask Orin about PEG
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Start 3 free days →How is it priced, against its own past and its sector?
Priced at 18.0× its last 12 months of profit (Tue 27 Oct close) — higher than in 1 of the 4 of its last 5 fiscal years with a P/E (middle 21.4×); the typical Utilities company on the NYSE is at 18.5×.
| Measure | Now | Its usual | Sector |
|---|---|---|---|
| P/E | 18.0×below usual | 21.4× | 18.5× |
| P/S | 2.89×below usual | 3.29× | — |
| EV/EBITDA | 13.5× | — | — |
| P/B | 2.1×below usual | 2.3× | — |
- EV/EBITDA: no usual level — it ran from 10.0× to 64.4× over its last 5 fiscal years, so a middle value says little.
- "Its usual" is the middle of its own last 5 fiscal years.
P/E: the share price divided by one year of profit per share — roughly how many years of today's profit the price pays for. A company that loses money has no P/E.
P/S: the company's total market value divided by one year of revenue. Used when there is no profit to measure.
EV/EBITDA: the price of the whole company (its shares plus its debt, minus its cash) divided by one year of operating profit before interest, tax and write-downs.
P/B: the share price divided by the book value per share — what the company owns minus what it owes, as its accounts record it. When book value is tiny, P/B swings wildly and says little.
What do the analysts who cover it publish?
The analysts' average 12-month price target is $82 (from $78 to $86) — 13% above the Tue 27 Oct close price. That is their published opinion, not Orin's.
$82
$78 – $86 · +13% against the last close
- 5 buy or overweight
- 7 hold
- 0 underweight or sell
Price target: the share price an analyst publishes for about 12 months ahead. It is the opinion of the firm that wrote it; the average is across the firms that cover the company.
Overweight / underweight: analysts' rating words: overweight means the firm expects the stock to do better than the others it covers, underweight worse. Their words, not Orin's.
How is it priced next to the companies it is compared to?
Priced at 18.0× its last 12 months of profit; the middle P/E of the 9 companies it is compared to that made a profit is 21.4×.
| Company | Market value | P/E | EV/EBITDA | Gross margin | Net margin | ROE |
|---|---|---|---|---|---|---|
| PEGPublic Service Enterprise Group Incorporated | $36B | 18.0× | 13.5× | 85.4% | 16.0% | 12% |
| AEPAmerican Electric Power Company, Inc. | $71B | 22.4× | 14.4× | 49.0% | 13.9% | 10% |
| CMSCMS Energy Corporation | $22B | 24.2× | 13.6× | 77.2% | 9.7% | 8% |
| CNPCenterPoint Energy, Inc. | $28B | 24.0× | 12.4× | 53.3% | 11.8% | 10% |
| DTEDTE Energy Company | $28B | 30.9× | 7.4× | 37.2% | 5.5% | 7% |
| DUKDuke Energy Corporation | $101B | 19.0× | 11.1× | 60.5% | 15.9% | 10% |
| EDConsolidated Edison, Inc. | $45B | 19.3× | 9.5× | 65.5% | 12.7% | 9% |
| SOThe Southern Company | $107B | 21.3× | 12.0× | 49.7% | 16.0% | 13% |
| WECWEC Energy Group, Inc. | $36B | 21.4× | 14.4× | 62.0% | 16.7% | 12% |
| XELXcel Energy Inc. | $49B | 21.3× | 13.3× | 48.8% | 15.3% | 10% |
- The list of companies is the data vendor's choice, so it can include a company a person would not have picked.
Market value: the share price times the number of shares — what the whole company is priced at.
P/E: the share price divided by one year of profit per share — roughly how many years of today's profit the price pays for. A company that loses money has no P/E.
EV/EBITDA: the price of the whole company (its shares plus its debt, minus its cash) divided by one year of operating profit before interest, tax and write-downs.
Gross margin: the share of each $1 of sales left after the direct cost of making what was sold.
Net margin: the share of each $1 of sales kept as profit after every cost. Below zero, the company lost money.
ROE: return on equity: one year of profit as a share of the shareholders' money in the business (its book value).
Is it priced high or low compared with its own past?
Priced at 18.0× its last 12 months of profit (Tue 27 Oct close). It has no full fiscal year on file since its history starts, so there is nothing of its own to compare with.
- Now18.0×
P/E: the share price divided by one year of profit per share — roughly how many years of today's profit the price pays for. A company that loses money has no P/E.
Fiscal year (FY): the company's own 12-month accounting year, which need not match the calendar year.
How has its sector been priced?
Utilities companies on the NYSE were priced at a typical 18.5× their yearly profit (Tue 27 Oct close).
- Now18.5×
- Each year is the middle of that calendar year's daily sector P/E; "Now" is the Tue 27 Oct close figure, the same one in the table above.
Sector P/E: the middle P/E of the companies in the same sector on the same stock exchange, as the data vendor works it out each day.
What does a cash-flow model say a share is worth?
Neither version of the cash-flow model gives a usable value.
- Standard: comes out below zero, so it is not shown.
- Levered: comes out below zero, so it is not shown.
Discounted cash flow: a model's estimate of what the company is worth today, from the cash it is forecast to make in future years. Small changes in the forecast move it a lot, and it says little about a company that loses money.