Public Service Enterprise Group Incorporated (PEG) is the largest regulated utility in New Jersey, which is of course one of the most populated states in the nation. The utility sector has long been a favorite of retirees and other conservative investors due largely to their stable cash flows regardless of the conditions in the broader economy. In addition to this, utilities tend to deliver relatively slow but steady growth over time and this one’s third-quarter 2021 results certainly show that quite well. When we consider that the company is likely to continue to deliver earnings growth over the next several years and its 3.12% dividend yield, there is a lot to like here.
