5 Most Profitable Utility Stocks Now

4. Public Service Enterprise Group Incorporated (NYSE:PEG)

Latest TTM Net Income: $2.8 billion

Public Service Enterprise Group Incorporated (NYSE:PEG) is a Newark, New Jersey based utility with tens of thousands of miles of transmission networks in its portfolio. The firm has beaten analyst EPS estimates in all four of its latest quarters and the shares are rated Buy on average.

As Q3 2023 ended, 20 out of the 910 hedge funds profiled by Insider Monkey were Public Service Enterprise Group Incorporated (NYSE:PEG)’s investors. Israel Englander’s Millennium Management was the biggest shareholder courtesy of its $34.4 million stake.

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