Public Service Enterprise Group Inc (PEG)

PSEG stock is gaining support from its 2026 EPS guidance of $4.280-$4.400, which aligns closely with the $4.36 consensus view. Recent institutional buying in late August 2026, including a purchase of 50,804 shares worth $4.1 million by one asset manager, further indicates confidence in the stock. The company's core business as a regulated electric and gas utility in New Jersey, supported by nuclear generation, provides a stable earnings profile, with the stock currently trading at 18.23 times earnings and a PEG ratio of 2.79.

PSEG, the NYNJ Host Committee, and the U.S. Soccer Foundation have partnered to open a new "mini pitch" soccer space at Harrison High School in Harrison, New Jersey. This initiative, installed at no cost to the community, aims to extend the legacy of the FIFA World Cup 2026™ by providing a permanent area for recreation, wellness, and community engagement for students and residents. The facility officially opened on August 27, 2026, with a community event and ceremonial first kick, emphasizing its role in fostering teamwork and physical activity for future generations.

Public Service Electric & Gas (PSE&G) has announced significant reliability improvements across New Jersey, including a 50% reliability gain on 20 circuits where nearly 22,000 utility poles were replaced since 2023. These efforts, part of a $30 billion investment in electric and gas infrastructure over the last decade, also include upgrading neighborhood circuits, building new substations, and modernizing gas mains. The initiatives are aimed at enhancing resilience, reducing outages, and preparing for severe weather events and future energy needs.

Public Service Electric & Gas (PSE&G) has announced significant improvements in its system-wide reliability ahead of peak hurricane season, driven by ongoing infrastructure modernization projects across New Jersey. These initiatives, which include replacing utility poles, strengthening electric circuits, adding new high-capacity stations, and upgrading gas mains, have led to measurable benefits such as a 50% improvement in reliability on upgraded circuits and a 22% reduction in outage incidents. PSE&G emphasizes its commitment to delivering safe and reliable service, enhancing resiliency against severe weather, and preparing for future energy demands, while also supporting union jobs in the state.

A new "mini pitch" soccer space has been installed at Harrison High School, a collaborative effort by PSEG, the NYNJ Host Committee, and the U.S. Soccer Foundation. This initiative aims to create a lasting community legacy from the FIFA World Cup 2026 by providing a permanent place for children, families, and student-athletes to play, learn, and connect. The space officially opened with a community event and will serve as a valuable resource for students, fostering teamwork, wellness, and school pride.