Public Service Enterprise Group (PEG) Could Be 15% Undervalued Following ESOP Share Filing

Public Service Enterprise Group (PEG) recently filed a shelf registration for 3,000,000 shares of common stock, valued at about US$239.31 million, connected to an employee stock ownership plan offering. See our latest analysis for Public Service Enterprise Group. Against this backdrop, Public Service Enterprise Group’s share price has eased in recent months, with a 30 day share price return of down 6.55% and year to date share price return of down 5.83%, while the 5 year total shareholder...