With a market cap of $39.2 billion, Public Service Enterprise Group Incorporated (PEG) is a U.S.-based energy company operating electric and gas utility services and nuclear power generation through its PSE&G and PSEG Power segments. It delivers electricity and natural gas across an extensive transmission and distribution network while also investing in nuclear, solar, and energy efficiency initiatives.
Shares of the Newark, New Jersey-based company have underperformed the broader market over the past 52 weeks. PEG stock has fallen nearly 1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 25.8%. Moreover, shares of the company are down 4.3% on a YTD basis, compared to SPX's 8.2% gain.
