DTP - Public Service Enterprise Group Incorporated: Renewable Growth Potential But Price Looks High

• PEG is the largest utility company in the wealthy state of New Jersey, which helped it weather the coronavirus crisis very well.
• The company is one of the most aggressive in the nation about investing into renewable energy, which has been one of the more popular themes in the market lately.
• Renewables have more forward growth potential than any other source of fuel and PEG has been developing them throughout the country.
• The company's dividend does appear to be reasonably sustainable at today's level and is easily covered by cash flow.
• The stock appears to be a bit richly valued compared to its peers.

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