HannibalTunis
Sep 24, 9:50 PM
$PEG My take on PEG: the stock is being repriced for higher rates, which is a major headwind for utilities, but fundamentally, nothing has changed. Guidance remains intact, and PEG still expects to fund its capex without shareholder dilution—a major positive.
Don’t overlook the nuclear assets either. Given their strategic location and growing power demand, I still see significant long-term upside there.
My only concern is the severity of the selloff. PEG is falling much harder than peers like Duke, Southern, and AEP. With institutions owning the majority of the shares—including Vanguard and BlackRock—my gut tells me retail is selling while institutions may be accumulating.
I remain very bullish on PEG long term.
$VPU $DUK $SO $AEP
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