With a market cap of $38.7 billion, Public Service Enterprise Group Incorporated (PEG) is a diversified energy company, primarily serving the Northeastern and Mid-Atlantic United States. Through its key subsidiaries, PSE&G and PSEG Power, the company operates in electric and gas utilities, nuclear generation, and energy trading.
Shares of the Newark, New Jersey-based company have underperformed the broader market over the past 52 weeks. Public Service Enterprise stock has returned 5.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12.7%. Moreover, shares of PEG are down 8.2% on a YTD basis, compared to SPX's marginal gain.
