Public Service Enterprise Group Inc

PEG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$67.00	Rgnty	Wqgdxxm

PSEG's Long-Term Growth, Attractive Valuation Elevate It to a Top Utilities Pick

Travis Miller

Mar 15, 2023

We are reaffirming our $65 per share fair value estimate for Public Service Enterprise Group after incorporating updates from management's investor presentation on March 10. We continue to believe that the company will hit the high end of management's 5%-7% annual earnings growth target. We are maintaining our narrow moat and stable moat trend ratings for PSEG.

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