How Is Public Service Enterprise's Stock Performance Compared to Other Utilities Stocks?

Core Insights - Public Service Enterprise Group Incorporated (PEG) is valued at a market cap of $40.8 billion and is a diversified energy company focused on electricity and natural gas generation and distribution, as well as clean energy initiatives [1] - PEG is classified as a large-cap stock, benefiting from stable, regulated utility operations that provide reliable cash flows and a strong customer base in New Jersey, while also focusing on sustainability and innovation for long-term growth [2] Financial Performance - PEG's Q2 earnings report showed a 15.8% year-over-year increase in operating revenue to $2.8 billion, exceeding consensus estimates by 20.1%, and adjusted operating earnings of $0.77 per share improved 22.2% from the previous year, surpassing analyst expectations by 8.5% [6] - Despite positive earnings results, PEG's shares fell 2.2% post-release, potentially due to a decline in retail electric sales from both residential and commercial sectors [6] Stock Performance - PEG's stock has decreased 14.2% from its 52-week high of $95.22, while gaining only 2.9% over the past three months, underperforming the Utilities Select Sector SPDR Fund (XLU) which returned 4.7% in the same period [3] - Over the past 52 weeks, PEG has gained 1.3%, lagging behind XLU's 9.8% increase, and on a year-to-date basis, PEG is down 3.3% compared to XLU's 11.8% rise [4] - PEG has been trading below its 200-day and 50-day moving averages since late August, indicating a bearish trend [5] Competitive Position - PEG has outperformed its rival Consolidated Edison, Inc. (ED) which saw a 7.5% drop over the past 52 weeks, but has lagged behind ED's 8.8% increase on a year-to-date basis [7]