Public Service Enterprise Group Incorporated (NYSE: PEG) is a New Jersey-based energy company. It operates electric and gas utilities, serving millions of customers. PEG also has power generation assets and invests in renewable energy.
Key Takeaways:
- PEG stock is projected to experience steady growth over the next three decades
- Compound Annual Growth Rate (CAGR) indicates strong long-term potential
- Factors such as renewable energy expansion and infrastructure investments contribute to growth
- Investors should consider both short-term fluctuations and long-term trends
Overview of Public Service Enterprise Group Incorporated
Founded in 1903, PSEG evolved from a merger of numerous New Jersey energy firms. Headquartered in Newark, this diversified energy company consolidated its utilities in 1928, forming PSE&G. Now New Jersey’s premier investor-owned utility, PSEG continues to provide essential services, adapting to modern energy needs while building on its century-long legacy.
Public Service Enterprise Group Incorporated Company Profile
| Country | United States |
| Ticker Symbol | PEG |
| Exchange | New York Stock Exchange (NYSE) |
| Founded | 1903 |
| IPO Date | 1980 |
| Industry | Electric and Gas Utilities |
| Sector | Utilities |
| Employees | 12,543 |
| CEO | Ralph A Larossa |
| Market Cap (July 23, 2024) | $37.65 billion |
| Website | investor.pseg |
Public Service Enterprise Group Incorporated (PEG) Balance Sheet Analysis
Public Service Enterprise Group Incorporated (NYSE: PEG) reported a robust financial position in its 2023 balance sheet. Total assets reached $50.74 billion, up from $48.72 billion in 2022, while total liabilities slightly increased to $35.26 billion from $34.99 billion.
The company’s total equity saw significant growth, rising to $15.48 billion from $13.73 billion in the previous year. This improvement contributed to a stronger total capitalization of $33.26 billion. PSEG’s common stock equity mirrored the total equity figure at $15.48 billion.
PSEG maintained a stable debt position, with total debt slightly decreasing to $20.41 billion from $20.44 billion in 2022. The company’s net debt stood at $20.18 billion. Working capital, though still negative at $1.68 billion, showed improvement from the previous year’s $2.38 billion deficit.
The balance sheet reflects PSEG’s solid financial health, demonstrating growth in assets and equity while effectively managing its debt. This positions the company well for future investments and operations in the energy sector.
Balance Sheet Data Source: finance.yahoo
Public Service Enterprise Group Incorporated Stock Price History
Public Service Enterprise Group Incorporated (NYSE: PEG) had its IPO in the year 1980. PSEG (PEG) has undergone two stock splits since its inception. The first occurred on July 27, 1987, with a 3:2 ratio. The second and most recent split was on February 5, 2008, with a 2:1 ratio. Cumulatively, one share purchased before 1987 would now equal three shares today.1
As of July 23, 2024, the price of PEG stock stands at $75.59.
PEG Stock Price Forecast 2024
Our analysis suggests steady growth for the remainder of the year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $53.00 | $78.00 | $97.50 |
We project a growth of approximately 3.2% by the end of 2024, reflecting the company’s stable position in the energy sector.
In 2024, PEG is expected to benefit from increased investments in grid modernization and renewable energy projects. The company’s focus on improving operational efficiency and customer satisfaction could drive stock performance. Regulatory support for clean energy initiatives may also contribute to investor confidence in PEG’s long-term prospects.
PEG Stock Price Forecast 2025
Moving into 2025, we anticipate a more pronounced upward trend for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $82.00 | $88.00 | $110.00 |
Our forecast indicates a growth of about 12.8% compared to the 2024 average, driven by expected improvements in operational efficiency and strategic investments.
In 2025, PEG is poised to capitalize on the growing demand for clean energy solutions. The company’s investments in smart grid technologies and energy storage systems are expected to start yielding returns. Additionally, potential expansions in electric vehicle charging infrastructure could open new revenue streams, further boosting investor confidence.
PEG Stock Price Forecast 2026
The year 2026 is projected to continue the upward momentum for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $92.00 | $99.00 | $128.70 |
We anticipate a growth of approximately 12.5% from the 2025 average, reflecting the company’s expanding market presence and potential new revenue streams.
2026 could see PEG benefiting from increased adoption of renewable energy sources. The company’s investments in solar and offshore wind projects are expected to start contributing significantly to its revenue. Regulatory policies favoring clean energy transition may provide additional tailwinds for PEG’s stock performance.
PEG Stock Price Forecast 2027
In 2027, our analysis suggests further gains for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $103.00 | $111.00 | $138.75 |
This represents a growth of about 12.1% compared to the 2026 average, potentially driven by advancements in clean energy technologies and favorable regulatory environments.
PEG’s focus on sustainable energy solutions is expected to align well with global climate goals in 2027. The company’s investments in advanced nuclear technologies and carbon capture systems could start showing promising results. Increased partnerships with tech companies for smart energy management solutions may also contribute to stock value appreciation.
PEG Stock Price Forecast 2028
The forecast for 2028 indicates continued strong performance for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $115.00 | $124.00 | $161.20 |
We project a growth of approximately 11.7% from the 2027 average, reflecting the company’s strong market position and potential expansion into new markets.
In 2028, PEG may see increased benefits from its long-term investments in grid resilience and cybersecurity. The company’s efforts in developing microgrids and community solar projects could gain traction, potentially opening new market opportunities. Advancements in energy storage technologies might also contribute to improved operational efficiency and profitability.
PEG Stock Price Forecast 2029
As we move into 2029, our analysis suggests PEG stock will maintain its growth trajectory.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $128.00 | $138.00 | $172.50 |
This represents a growth of about 11.3% compared to the 2028 average, potentially driven by increased demand for sustainable energy solutions.
2029 could see PEG leveraging its investments in artificial intelligence and machine learning for optimized energy distribution. The company’s focus on customer-centric energy solutions, including personalized energy management tools, may drive customer retention and acquisition. Potential expansions into international markets could also contribute to stock value growth.
PEG Stock Price Forecast 2030
The forecast for 2030 indicates a significant milestone for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $142.00 | $153.00 | $198.90 |
We project a growth of approximately 10.9% from the 2029 average, reflecting the company’s long-term strategies coming to fruition.
By 2030, PEG’s investments in hydrogen energy and other next-generation clean technologies may start yielding substantial returns. The company’s role in supporting smart city initiatives through advanced energy infrastructure could enhance its market position. Increased focus on circular economy principles in operations may also improve cost efficiencies and sustainability metrics.
Related: Consolidated Edison, Inc. (ED) Stock Forecast & Price Prediction
PEG Stock Price Forecast 2031
Moving into the next decade, our analysis suggests continued growth for PEG stock in 2031.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $157.00 | $169.00 | $211.25 |
This represents a growth of about 10.5% compared to the 2030 average, potentially driven by innovations in energy storage and distribution.
In 2031, PEG may benefit from the maturation of its investments in advanced nuclear technologies, including small modular reactors. The company’s efforts in grid modernization and resilience against climate change impacts could pay off, enhancing reliability and customer satisfaction. Potential policy incentives for clean energy adoption may further boost PEG’s market position.
PEG Stock Price Forecast 2032
The forecast for 2032 indicates another year of steady growth for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $173.00 | $186.00 | $241.80 |
We anticipate a growth of approximately 10.1% from the 2031 average, reflecting the company’s adaptability to changing market conditions.
2032 could see PEG capitalizing on the widespread adoption of electric vehicles and the associated charging infrastructure. The company’s investments in vehicle-to-grid technologies may start showing significant returns. Advancements in energy efficiency solutions for commercial and industrial customers could open new revenue streams and enhance stock performance.
PEG Stock Price Forecast 2033
In 2033, our analysis suggests PEG stock will continue its upward trend.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $190.00 | $204.00 | $255.00 |
This represents a growth of about 9.7% compared to the 2032 average, potentially driven by increased adoption of renewable energy sources.
PEG’s focus on integrating diverse renewable energy sources into a cohesive, reliable grid may yield significant benefits in 2033. The company’s investments in advanced energy management systems, leveraging AI and IoT, could enhance operational efficiency. Potential expansions into energy-as-a-service models may diversify revenue streams and attract investor interest.
PEG Stock Price Forecast 2034
The forecast for 2034 indicates another year of robust performance for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $208.00 | $224.00 | $291.20 |
We project a growth of approximately 9.8% from the 2033 average, reflecting the company’s strong market position and potential technological advancements.
In 2034, PEG may see increased returns from its investments in advanced materials for energy applications. The company’s efforts in developing more efficient solar panels and wind turbines could enhance its competitive edge. Potential breakthroughs in long-duration energy storage technologies might also contribute to improved grid stability and profitability.
PEG Stock Price Forecast 2035
As we move into 2035, our analysis suggests continued growth for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $228.00 | $246.00 | $307.50 |
This represents a growth of about 9.8% compared to the 2034 average, potentially driven by expanding global energy demands.
2035 could see PEG benefiting from increased integration of renewable energy in urban planning and development. The company’s role in supporting sustainable urban growth through advanced energy infrastructure may enhance its market position. Potential expansions into energy-efficient desalination and water treatment solutions could open new market opportunities.
PEG Stock Price Forecast 2036
The forecast for 2036 indicates another year of steady growth for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $250.00 | $270.00 | $351.00 |
We anticipate a growth of approximately 9.8% from the 2035 average, reflecting the company’s continued focus on sustainable energy solutions.
In 2036, PEG’s investments in advanced grid management technologies, including predictive maintenance and self-healing systems, may yield significant efficiency gains. The company’s efforts in developing community-based energy solutions and microgrids could enhance resilience and customer satisfaction. Potential advancements in fusion energy research might also contribute to long-term growth prospects.
PEG Stock Price Forecast 2037
In 2037, our analysis suggests PEG stock will maintain its growth momentum.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $274.00 | $296.00 | $370.00 |
This represents a growth of about 9.6% compared to the 2036 average, potentially driven by advancements in smart grid technologies.
PEG’s focus on integrating blockchain technology for peer-to-peer energy trading and grid management may start showing significant results in 2037. The company’s investments in quantum computing for optimizing energy distribution could enhance operational efficiency. Potential expansions into space-based solar power projects might also capture investor imagination and drive stock performance.
PEG Stock Price Forecast 2038
The forecast for 2038 indicates another year of solid performance for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $300.00 | $324.00 | $421.20 |
We project a growth of approximately 9.5% from the 2037 average, reflecting the company’s adaptability to evolving energy landscapes.
In 2038, PEG may benefit from increased adoption of AI-driven energy management systems in smart cities. The company’s role in developing and implementing advanced cybersecurity solutions for critical energy infrastructure could enhance its market position. Potential breakthroughs in high-temperature superconductors for power transmission might also contribute to improved efficiency and profitability.
PEG Stock Price Forecast 2039
As we approach the end of the 2030s, our analysis suggests continued growth for PEG stock in 2039.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $328.00 | $354.00 | $442.50 |
This represents a growth of about 9.3% compared to the 2038 average, potentially driven by increased focus on energy efficiency and sustainability.
2039 could see PEG leveraging advanced materials science for more efficient energy generation and storage solutions. The company’s investments in bio-engineered energy systems, including algae-based biofuels, may start showing promising results. Potential expansions into energy solutions for space exploration and colonization efforts might also capture investor interest.
PEG Stock Price Forecast 2040
The forecast for 2040 indicates another milestone year for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $358.00 | $387.00 | $503.10 |
We anticipate a growth of approximately 9.3% from the 2039 average, reflecting the company’s long-term vision and strategic investments.
In 2040, PEG’s investments in fusion energy technology may start yielding substantial returns. The company’s role in developing and implementing global energy management systems could significantly enhance its market position. Potential breakthroughs in quantum energy harvesting technologies might also contribute to long-term growth prospects and investor enthusiasm.
PEG Stock Price Forecast 2050
Looking ahead to 2050, our long-term forecast suggests significant growth potential for PEG stock.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $3150.00 | $3400.00 | $4420.00 |
This represents a substantial increase from the 2040 average, with a projected growth of about 778% over the decade.
By 2050, PEG may be at the forefront of revolutionary energy technologies, potentially including commercial fusion reactors, advanced space-based solar power systems, and quantum energy networks. The company’s long-term investments in sustainable and futuristic energy solutions could position it as a global leader in clean energy. Potential expansions into energy solutions for off-world colonies might also drive significant value creation.
Conclusion
Our comprehensive analysis of Public Service Enterprise Group Incorporated (NYSE: PEG) stock price forecast from 2024 to 2050 reveals a promising outlook for long-term investors. We project the stock to reach $3400 by 2050, representing significant growth over nearly three decades.
Key factors contributing to this growth include:
- Increasing global demand for clean energy solutions
- Potential technological advancements in the energy sector
- Strategic investments and expansions by the company
- Favorable regulatory environments supporting sustainable energy
FAQs
1. What is the future of PEG share price?
Our forecast suggests a generally positive outlook for PEG’s share price. We project steady growth from $75.59 in 2024 to $3400 by 2050. This represents significant long-term growth potential, with annual increases ranging between 9-13% in the coming decades.
2. What is the PEG share prediction for 2030?
According to our forecast, the PEG share price prediction for 2030 is:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $142.00 | $153.00 | $198.90 |
This represents a growth of approximately 10.9% from the 2029 average.
3. What is the PEG 10 year outlook?
Based on our projections, the 10-year outlook for PEG (from 2024 to 2034) is positive. We forecast the stock price to grow from $78.00 in 2024 to $224.00 in 2034, representing a substantial increase over this period. This growth is expected to be driven by investments in renewable energy, grid modernization, and technological advancements in the energy sector.
4. Is PEG a buy, hold, or sell?
we believe PEG could be considered a “Buy” or “Hold” for long-term investors. Our forecast suggests consistent year-over-year growth for PEG stock, indicating potential for long-term value appreciation. PEG’s investments in clean energy technologies and grid modernization align well with global trends towards sustainability, potentially positioning the company for future success.
5. Who are the major competitors of PEG?
Public Service Enterprise Group (PEG) operates in the utility and energy sector. Some of its major competitors include:
- Exelon Corporation (EXC)
- Dominion Energy (D)
- Duke Energy Corporation (DUK)
- NextEra Energy (NEE)
- Consolidated Edison (ED)
- FirstEnergy Corp. (FE)
- American Electric Power Company (AEP)
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
Source:
