Public Service Enterprise Group Incorporated (PEG)

NYSE: PEG · Real-Time Price · USD
90.49
+0.40 (0.44%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.44%
Market Cap 45.08B
Revenue (ttm) 10.43B
Net Income (ttm) 2.03B
Shares Out 498.23M
EPS (ttm) 4.07
PE Ratio 22.23
Forward PE 22.55
Dividend $2.40 (2.65%)
Ex-Dividend Date Sep 9, 2024
Volume 1,133,125
Open 90.19
Previous Close 90.09
Day's Range 89.43 - 90.82
52-Week Range 56.85 - 92.20
Beta 0.63
Analysts Buy
Price Target 85.14 (-5.91%)
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]

Sector Utilities
Founded 1903
Employees 12,543
Stock Exchange NYSE
Ticker Symbol PEG
Full Company Profile

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 Statements

Analyst Forecast

According to 14 analysts, the average rating for PEG stock is "Buy." The 12-month stock price forecast is $85.14, which is a decrease of -5.91% from the latest price.

Price Target
$85.14
(-5.91% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

1 day ago - PRNewsWire

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...

6 days ago - PRNewsWire

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...

13 days ago - Seeking Alpha

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...

16 days ago - PRNewsWire

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...

16 days ago - Seeking Alpha

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.

16 days ago - Reuters

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...

16 days ago - PRNewsWire

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 ...

21 days ago - PRNewsWire

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.

5 weeks ago - PRNewsWire

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 ...

6 weeks ago - GuruFocus

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...

6 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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.

3 months ago - CNBC Television

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...

4 months ago - Seeking Alpha

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...

4 months ago - PRNewsWire

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.

4 months ago - PRNewsWire

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,...

4 months ago - Seeking Alpha

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...

4 months ago - PRNewsWire

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.,...

4 months ago - PRNewsWire

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.

5 months ago - PRNewsWire

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 ...

7 months ago - PRNewsWire

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.

Other symbols: WTRG
7 months ago - Business Wire

PSEG Long Island Honored for Implementing a Customer-Centric Modern Rate Initiative

FORT WORTH, Texas--(BUSINESS WIRE)--PSEG Long Island, which provides electricity to 1.2 million customers in the state of New York, today received the CS Week Expanding Excellence Award for Innovation...

7 months ago - Business Wire