Public Service Enterprise Group Inc
NYSE:PEG
PEG's latest stock split occurred on Feb 5, 2008
The company executed a 2-for-1 stock split, meaning that for every share held, investors received 2 new shares.
Before the split, PEG traded at 96 per share. Afterward, the share price was about 23.9431.
The adjusted shares began trading on Feb 5, 2008. This was PEG's 2nd stock split, following the previous one in Jul 27, 1987.
4XO0
CMCT
Public Service Enterprise Group Inc
Glance View
In the vibrant landscape of America's utility sector, Public Service Enterprise Group Inc. (PSEG) has carved out a significant position as a stalwart in providing reliable energy services. Founded in 1903, this New Jersey-based company has grown into a diversified energy corporation, with its operations spanning primarily through its regulated subsidiary, Public Service Electric and Gas Company (PSE&G). PSE&G is responsible for delivering electricity and natural gas to millions of residential, commercial, and industrial customers across its service area. By ensuring the efficient generation, transmission, and distribution of energy, PSEG plays a critical role in maintaining the everyday rhythm of communities dependent on its services. PSEG's business model hinges on a balanced portfolio that combines regulated distribution with a focus on clean energy initiatives. While PSE&G’s regulated utility operations provide a steady stream of revenue through consistent service delivery and infrastructure investments, PSEG Power, the company's former unregulated generation business, historically contributed through wholesale energy markets. PSEG is actively transitioning towards a more sustainable future, concentrating investments in modernizing its grid and expanding its renewable energy footprint, including solar and offshore wind projects. This approach not only aligns with evolving environmental standards but also strategically positions PSEG to navigate the shifting dynamics of the energy industry, balancing profit with purpose in the era of decarbonization.
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