Valued at a market cap of $41.8 billion, Public Service Enterprise Group Incorporated (PEG) is an electric and gas utility company that has its operations mostly located in the Northeastern and Mid-Atlantic parts of the United States. The Newark, New Jersey-based company operates through two key subsidiaries - Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC.
This utility company’s shares have massively outpaced the broader market over the past 52 weeks. PEG has soared 43.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.7%. However, the stock is marginally down on a YTD basis, lagging behind SPX’s 3.2% rise during the same time frame.
