Public Service Enterprise Group Inc

PEG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$94.00	Lzgwj	Yhpyrmftm

Public Service Enterprise Group Earnings: Fundamentals Are Positive, but Stock Now Looks Pricey

Travis Miller

Aug 5, 2024

We are reaffirming our $67 per share fair value estimate for Public Service Enterprise Group after the company reported earning $0.63 per share on an adjusted basis during the second quarter, down slightly from the second quarter last year, but on track to meet our full-year outlook. We are maintaining our narrow moat rating.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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