Public Service Enterprise Group Incorporated (PEG), headquartered in Newark, New Jersey, operates in electric and gas utility business. Valued at $44.6 billion by market cap, the company provide transmission and distribution of electricity and natural gas, as well as supplies energy that integrates the operations of its merchant nuclear generating assets.
Shares of this regulated infrastructure company have outperformed the broader market considerably over the past year. PEG has gained 41.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.1%. In 2024, PEG stock is up 47.3%, surpassing the SPX’s 24.1% rise on a YTD basis.
