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Public Service Enterprise Group Incorporated (NYSE:PEG) is one of the high growth utility stocks to buy according to analysts. On April 21, the board of directors at Public Service Enterprise Group Incorporated (NYSE:PEG) reiterated its commitment to shareholder value by approving a quarterly dividend of $0.67 per share. The dividend is to be paid on June 30, 2026, to shareholders of record as of June 9, 2026.
The second-quarter dividend is to be paid on the heels of Public Service Enterprise Group delivering solid first-quarter operating and financial results. Net income soared to $741 million, or $1.48 a share, compared with $589 million, or $1.18 a share, in the same quarter last year.
The earnings growth underscores the impact of ongoing investments in energy efficiency, gas system modernization, and transmission. It also reflects the gradual increase in the number of electric and gas customers. However, the earnings could have been much higher had the company not incurred higher operating and maintenance costs, depreciation, and interest-related expenses.
Public Service Enterprise Group Incorporated (NYSE:PEG) is a Newark, N.J.-based, regulated energy company that operates primarily as a public utility holding company. It operates New Jersey’s largest electric and gas utility, serving 2.4 million electric and 1.9 million gas customers, and also owns a significant fleet of carbon-free nuclear power plants.
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