Public Service Enterprise Group (Public Service Enterprise Group) Momentum Rank : 7 (As of May. 05, 2024)

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What is Public Service Enterprise Group Momentum Rank?

Public Service Enterprise Group has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Public Service Enterprise Group's Momentum Rank

For the Utilities - Regulated Electric subindustry, Public Service Enterprise Group's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Public Service Enterprise Group's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Public Service Enterprise Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Public Service Enterprise Group's Momentum Rank falls into.

Public Service Enterprise Group Momentum Rank Related Terms

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Public Service Enterprise Group (Public Service Enterprise Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Public Service Enterprise Group Inc (NYSE:PEG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PSE:Germany PSE:Germany P1EG34:Brazil

Address

80 Park Plaza, Newark, NJ, USA, 07102

Website

https://investor.pseg.com

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy projects. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4.2 million customers. Public Service Enterprise Group also operates the Long Island Power Authority system. In 2022, the company sold its gas and oil power plants in the mid-Atlantic, New York, and the Northeast.

Executives

Rose M Chernick	officer: Vice President and Controller	80 PARK PLAZA, T4B, NEWARK NJ 07102
Ralph A Larossa	officer: President & COO - PSE&G	PSEG, 80 PARK PLAZA, NEWARK NJ 07102
Kenneth Tanji	director	751 BROAD STREET, 5TH FLOOR, ATTN: REGULATORY FILINGS UNIT, NEWARK NJ 07102
Eric Carr	officer: President & COO - PSEG Power	PO BOX 236, HANCOCKS BRIDGE NJ 08038
Sheila J Rostiac	officer: SVP HR & CHRO & CDO	80 PARK PLAZA, NEWARK NJ 07102
Richard T Thigpen	officer: SVP Corporate Citizenship	80 PARK AVENUE, NEWARK NJ 07102
Ralph Izzo	officer: President and COO - PSE&G	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Jamie M Gentoso	director	80 PARK PLAZA, NEWARK NJ 07102
Valerie Ann Smith	director	80 PARK PLAZA, NEWARK NJ 07102
Kim C Hanemann	officer: President and COO - PSE&G	1500 RONSON ROAD, ISELIN NJ 08830
Tamara Louise Linde	officer: EVP & General Counsel	80 PARK PLAZA, T4, NEWARK NJ 07102
Daniel J Cregg	officer: Executive VP & CFO	80 PARK PLAZA, T4, NEWARK NJ 07102
Scott G Stephenson	director	C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310-1686
John P Surma	director
Derek M Dirisio	officer: Vice President and Controller	PSEG, 80 PARK PLAZA, NEWARK NJ 07102