Public Service Enterprise Group Incorporated (NYSE:PEG) is included among the 14 Best Utility Dividend Stocks to Buy Now.
Public Service Enterprise Group Incorporated (NYSE:PEG) is a predominantly regulated energy company that engages in the provision of electric and gas services.
With a dividend history of 118 consecutive years, Public Service Enterprise Group Incorporated (NYSE:PEG) is known for its commitment to shareholders. On November 18, the company maintained this commitment by announcing a quarterly dividend of $0.63 per share to all shareholders as of the December 10 record date, payable on December 31, 2025.
It needs mentioning that Public Service Enterprise Group Incorporated (NYSE:PEG) reported better-than-expected results for its third quarter earlier this month, witnessing a double-digit YoY growth in both revenue and profits, driven primarily by the implementation of new electric and gas base distribution rates that took effect in October 2024. As a result, the company narrowed its FY 2025 earnings guidance to $4 to $4.06 per share from $3.94 to $4.06 per share previously.
Public Service Enterprise Group Incorporated (NYSE:PEG) also reaffirmed its adjusted operating earnings growth outlook of 5% to 7% through 2029, helped by its 5-year $22.5 billion – $26 billion capital investment program.
While we acknowledge the potential of PEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Renewable Energy Dividend Stocks to Buy Now and 11 Best High Yield Energy Stocks to Buy Now.
Disclosure: None.