Public Service Enterprise Group Incorporated (PEG)
Market Cap | 42.38B |
Revenue (ttm) | 10.43B |
Net Income (ttm) | 2.03B |
Shares Out | 498.23M |
EPS (ttm) | 4.07 |
PE Ratio | 20.90 |
Forward PE | 21.33 |
Dividend | $2.40 (2.82%) |
Ex-Dividend Date | Dec 10, 2024 |
Volume | 2,191,794 |
Open | 82.37 |
Previous Close | 83.19 |
Day's Range | 82.13 - 85.18 |
52-Week Range | 56.85 - 95.22 |
Beta | 0.64 |
Analysts | Buy |
Price Target | 87.75 (+3.16%) |
Earnings Date | Nov 4, 2024 |
About PEG
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation... [Read more]
Financial Performance
In 2023, PEG's revenue was $11.24 billion, an increase of 14.66% compared to the previous year's $9.80 billion. Earnings were $2.56 billion, an increase of 148.59%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for PEG stock is "Buy." The 12-month stock price forecast is $87.75, which is an increase of 3.16% from the latest price.
News
PSEG Foundation Celebrates 10 Years and Nearly $8M in Grants, Empowering Communities Across New Jersey and New York
The Neighborhood Partners Program has supported over 400 nonprofits in 14 counties across New Jersey and Long Island NEWARK, N.J., Dec. 16, 2024 /PRNewswire/ -- The PSEG Foundation celebrated a decade...
PSEG Declares Regular Quarterly Dividend for the Fourth Quarter of 2024
NEWARK, N.J. , Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.60 per share dividend on the outstanding common stock of the compa...
PSE&G Wins Two Prestigious Awards
PSE&G receives the 2024 ReliabilityOne® Award for Outstanding Metropolitan Service Area Reliability Performance in the Mid-Atlantic Region for the 23rd consecutive year and the 2024 ReliabilityOne® Ou...
PEG: Positioned To Profit From AI And Nuclear Power
Public Service Enterprise Group or PSEG is the largest utility in New Jersey, serving 2.4 million electric and 1.9 million natural gas customers. Despite a lower dividend yield than peers, PSEG has de...
With Winter Heating Season Nearing, PSEG Long Island Customers May Be Eligible for Assistance
Company reminds those struggling with bills that state programs are available UNIONDALE, N.Y. , Nov. 4, 2024 /PRNewswire/ -- As winter heating season approaches, PSEG Long Island reminds customers tha...
Public Service Enterprise Group Incorporated (PEG) Q3 2024 Earnings Call Transcript
Public Service Enterprise Group Incorporated (NYSE:PEG) Q3 2024 Earnings Conference Call November 4, 2024 11:00 AM ET Company Participants Carlotta Chan - Investor Relations Ralph LaRossa - Chair, Pr...
Public Service Enterprise Group beats Q3 profit estimates on higher sales
Public Service Enterprise Group beat Wall Street estimates for third-quarter profit on Monday, as the electric and gas utility benefited from growth in distribution margins and higher retail sales.
PSEG ANNOUNCES THIRD QUARTER 2024 RESULTS
$1.04 PER SHARE NET INCOME $0.90 PER SHARE NON-GAAP OPERATING EARNINGS PSE&G Distribution Base Rate Case Settlement Approved and Implemented PSE&G's Energy Efficiency Programs Expanded and Extended PS...
PSE&G Announces Approval of Clean Energy Future-Energy Efficiency II Program to Drive Continued Energy Savings in New Jersey
$4 Billion in Projected Lifetime Bill Savings for Participating Customers NEWARK, N.J., Oct. 30, 2024 /PRNewswire/ -- PSE&G today announced the approval of its Clean Energy Future - Energy Efficiency ...
PSEG To Announce Third Quarter 2024 Financial Results On November 4
NEWARK, N.J., Oct. 14, 2024 /PRNewswire/ -- Public Service Enterprise Group Incorporated (PSEG) will host its third quarter 2024 earnings call at 11:00 a.m.
Public Service Enterprise Group (PEG) Announces Settlement Agreement in Rate Case
Public Service Enterprise Group Incorporated (PEG, Financial) has announced a significant development in its ongoing efforts to adjust its electric and gas distribution rates. The company, along with ...
PSE&G Rate Case Settlement Approved
First Base Rate Increase in Six Years, an Annual Increase of About One Percent NEWARK, N.J. , Oct. 9, 2024 /PRNewswire/ -- Today, the New Jersey Board of Public Utilities (BPU) approved a settlement a...
Climate Week 2024: PSEG Long Island Announces Climate Change Resilience Plan
A decade of planning and strengthening the grid has increased reliability and resilience UNIONDALE, N.Y. , Sept. 26, 2024 /PRNewswire/ -- Coinciding with Climate Week 2024, PSEG Long Island and the Lo...
PSE&G Lowering Gas Bills by About 5%, Effective Oct. 1
Less volatile commodity prices and solid cost management enabling decrease for customers NEWARK, N.J. , Sept. 26, 2024 /PRNewswire/ -- PSE&G announced today it is lowering gas bills for its residentia...
PSEG Executive Vice President and General Counsel Tamara L. Linde to Retire in 2025
PSEG Deputy General Counsel and Chief Litigation Counsel Grace Park Appointed as Executive Vice President and General Counsel to Succeed Linde NEWARK, N.J., Sept. 17, 2024 /PRNewswire/ -- As part of a...
We're seeing AI power demand start to pick up in New Jersey, says PSEG CEO Ralph Larossa
Ralph Larossa, PSEG CEO, joins 'Closing Bell Overtime' to talk energy demand, nuclear power investments, and more.
Public Service Enterprise Group Incorporated (PEG) Q2 2024 Earnings Call Transcript
Public Service Enterprise Group Incorporated (NYSE:PEG) Q2 2024 Earnings Conference Call July 30, 2024 11:00 AM ET Company Participants Carlotta Chan - Investor Relations Ralph LaRossa - Chair, Presi...
PSEG ANNOUNCES SECOND QUARTER 2024 RESULTS
$0.87 PER SHARE NET INCOME $0.63 PER SHARE NON-GAAP OPERATING EARNINGS Reaffirms Full-Year 2024 Non-GAAP Operating Earnings Guidance NEWARK, N.J., July 30, 2024 /PRNewswire/ -- Public Service Enterpri...
PSEG Long Island Is Prepared for Summer 2024
UNIONDALE, N.Y. , July 25, 2024 /PRNewswire/ -- Summer has arrived, and PSEG Long Island is prepared for hurricane season and to meet peak demand during extreme heat situations in the coming months.
Public Service Enterprise Group: Revisiting The Growth Thesis
Public Service Enterprise Group is the largest electric and natural gas utility in New Jersey, with its service territory encompassing most of the state. PEG stock yields 3.22%, lower than some peers,...
PSEG Declares Regular Quarterly Dividend for the Third Quarter of 2024
NEWARK, N.J. , July 15, 2024 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.60 per share dividend on the outstanding common stock of the compa...
PSE&G's Energy Efficiency Programs Are Now Projected to Save $484M and Avoid Approximately 1.6M Metric Tons of Carbon Emissions Annually
Over 97,000 Retail Appliance Rebates Provided and Approximately $12 Million on Utility Bills Saved for Business Customers Participating in the PSE&G Small Business Direct Install Program NEWARK, N.J.,...
PSEG To Announce Second Quarter 2024 Financial Results On July 30
NEWARK, N.J., July 2, 2024 /PRNewswire/ -- Public Service Enterprise Group Incorporated (PSEG) will host its second quarter 2024 earnings call at 11:00 a.m.
Hurricane Preparedness Week: PSEG Long Island Announces Climate Change Resilience Plan
A full decade of planning and strengthening the electric infrastructure against extreme weather has increased reliability and resilience UNIONDALE, N.Y. , May 3, 2024 /PRNewswire/ -- PSEG Long Island ...
Essential Utilities Announces Election of Christopher Bruner and Tamara Linde to Board of Directors
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities announces Christopher Bruner and Tamara Linde as the newest members of its board of directors.