Advisor Group Holdings Increases Stake in Public Service Enterprise Group, Presenting Lucrative Investment Opportunity for Investors

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Public Service Enterprise ($NYSE:PEG) Group (PSEG) is a diversified energy company based in the United States. It operates its business through two main subsidiaries, Public Service Electric and Gas Company (PSE&G) and Power Generation, which generate and supply electricity and natural gas to customers in New Jersey and the surrounding area. This presents a lucrative opportunity for investors, as Advisor Group’s interest in PSEG indicates its belief that the company has great potential for growth. The investment also demonstrates PSEG’s commitment to providing reliable and cost-effective energy solutions to customers in the region.

In addition, PSEG has a strong track record of delivering robust financial results and dividends to its shareholders. The company’s renewable energy investments have also been increasing, which is a positive sign for investors. With strong fundamentals and the backing of Advisor Group Holdings Inc., PSEG is an appealing investment opportunity for investors looking for long-term returns.

Market Price

At market close, PSEG stock had opened at $59.4 and closed at $59.8, representing a 0.5% gain from the previous closing price of 59.5. This depicts a lucrative investment opportunity for investors, as PSEG seems to be an attractive option for long-term growth. Analysts have stated that the increase in stock price is a sign of the company’s strong fundamentals and market outlook. With such positive momentum behind it, PSEG is an investment worth considering for those looking for steady returns in the long run. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for PEG are shown below. More…

Analysis

GoodWhale has examined the financials of PUBLIC SERVICE ENTERPRISE, and our analysis has classified it as a ‘cheetah’ company. This type of company typically shows high revenue or earnings growth, but may be considered less stable due to lower profitability. This kind of company might be attractive to investors who are seeking a potentially higher return on their investment, but are willing to accept higher risk. In terms of health score, PUBLIC SERVICE ENTERPRISE has an intermediate score of 6/10 with regards to its cashflows and debt, suggesting that the company may be able to pay off debt and fund future operations. In other areas such as dividend, growth, and profitability, our assessment has rated PUBLIC SERVICE ENTERPRISE as strong in dividend, and medium in asset and growth. More…

Peers

As of 2018, the top four competitors of Public Service Enterprise Group Inc (PSEG) are Exelon Corp, South Jersey Industries Inc, Consolidated Edison Inc, and National Grid plc. These companies compete with PSEG in the electric and gas utility industry. PSG is a diversified energy company that operates through its subsidiaries. The company’s businesses include electric and gas utility operations, power generation, and energy services.

– Exelon Corp ($NASDAQ:EXC)

Exelon Corporation is an American energy company headquartered in the Chase Tower in the Chicago Loop area of Chicago, Illinois, United States, and incorporated in Pennsylvania. It was created in October 2000 by the merger of PECO Energy Company and Unicom Corp. Exelon operates utilities in Illinois, Pennsylvania, Maryland, Delaware, and Washington, D.C.

– South Jersey Industries Inc ($NYSE:SJI)

South Jersey Industries Inc is a diversified energy services holding company with subsidiaries engaged in the production, transmission, storage and distribution of natural gas and electricity, as well as providing energy services. As of 2022, the company had a market cap of 4.2 billion and a return on equity of 9.62%. The company’s primary subsidiaries include South Jersey Gas, South Jersey Energy Solutions and South Jersey Resources Group. South Jersey Industries was founded in 1947 and is headquartered in Folsom, New Jersey.

– Consolidated Edison Inc ($NYSE:ED)

Consolidated Edison, Inc. is a holding company that provides energy services through its subsidiaries. The Company’s segments include Consolidated Edison Company of New York, Inc. (CECONY), which consists of Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc. (O&R); Consolidated Edison Solutions, Inc. (CES), a provider of energy services and energy-efficiency products; and Consolidated Edison Development, Inc. (CED), an owner and operator of renewable energy projects and provider of other energy services. It serves residential, commercial, and governmental customers in New York City, Westchester County, and parts of northern New Jersey.

Summary

Public Service Enterprise Group Inc. (PSEG) has presented a promising investment opportunity for investors in recent quarters. Analyst ratings of the utility company have been favorable, as it has demonstrated strong performance and has recently seen an increase in its stock price.

Additionally, Advisor Group Holdings Inc. recently upped its stake in PSEG, further demonstrating the potential of the company as an attractive option for investors. In terms of fundamentals, PSEG has a strong balance sheet, high return on equity, and an attractive dividend yield. The utility company has also improved its operating performance and is well-positioned to benefit from the continuing US economic recovery. Overall, PSEG presents a solid investment opportunity for those looking to diversify their portfolio.