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Public Service Enterprise Group, Inc. (PEG)

NYSE: PEG · IEX Real-Time Price · USD
62.55
-0.54 (-0.86%)
After-hours:Oct 21, 2021 7:19 PM EDT
63.09
-0.31 (-0.49%)
At close: Oct 21, 4:00 PM
Market Cap31.21B
Revenue (ttm)9.54B
Net Income (ttm)1.48B
Shares Out504.00M
EPS (ttm)2.92
PE Ratio21.61
Forward PE17.70
Dividend$2.00 (3.17%)
Ex-Dividend DateSep 7, 2021
Volume1,228,081
Open63.38
Previous Close63.40
Day's Range62.97 - 63.52
52-Week Range52.84 - 65.33
Beta0.57
AnalystsBuy
Price Target69.17 (+9.6%)
Est. Earnings DateOct 28, 2021

About PEG

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2020, it had electric transmission and distribut...

IndustryMulti-Utilities
CEORalph Izzo
Employees13,000
Stock ExchangeNYSE
Ticker SymbolPEG
Full Company Profile

Financial Performance

In 2020, PEG's revenue was $9.60 billion, a decrease of -4.69% compared to the previous year's $10.08 billion. Earnings were $1.91 billion, an increase of 12.52%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for PEG stock is "Buy." The 12-month stock price forecast is 69.17, which is an increase of 9.64% from the latest price.

Price Target
$69.17
(9.64% upside)
Analyst Consensus: Buy

News

PSEG Long Island Encourages Customers in Arrears to Apply for Up to $10,000 in State Assistance

UNIONDALE, N.Y., Oct. 19, 2021 /PRNewswire/ -- PSEG Long Island encourages customers struggling with their utility bills to take advantage of a limited-time New York State program that provides eligible...

2 days ago - PRNewsWire

PSEG Joins UN 'Race to Zero' Initiative, Commits to Setting Science-Based Emissions Reduction Targets

NEWARK, N.J., Oct. 15, 2021 /PRNewswire/ -- PSEG announced today that it has joined the Business Ambition for 1.5°C and the Race to Zero campaigns and commits to developing science-based targets.

6 days ago - PRNewsWire

PNW vs. PEG: Which Stock Is the Better Value Option?

PNW vs. PEG: Which Stock Is the Better Value Option?

Other symbols:PNW
2 weeks ago - Zacks Investment Research

PSEG (PEG) Rewards Shareholders With 5.9% Dividend Hike

Public Service Enterprise Group Incorporated (PEG) announces a hike in its common stock dividend by 12 cents per share and a share buyback worth $500 million shares.

3 weeks ago - Zacks Investment Research

PSEG 2021 Investor Conference Features 90% Regulated Business Mix and Leading ESG Position

NEWARK, N.J., Sept. 27, 2021 /PRNewswire/ -- PSEG today held its 2021 Investor Conference to provide the investment community with a strategic and financial review and outlook.

3 weeks ago - PRNewsWire

PSEG Announces Redemption of All Outstanding PSEG Power Senior Notes

NEWARK, N.J., Sept. 8, 2021 /PRNewswire/ -- PSEG (NYSE: PEG) announced today that it will redeem all remaining outstanding Senior Notes of PSEG Power totaling approximately $1.35 billion.

1 month ago - PRNewsWire

Why Is PSEG (PEG) Up 2.3% Since Last Earnings Report?

PSEG (PEG) reported earnings 30 days ago. What's next for the stock?

1 month ago - Zacks Investment Research

Public Service Enterprise (PEG) Eyes PSEG Fossil Sale, Ups View

Public Service Enterprise (PEG) is going to sell its fossil portfolio for $1.92B. The company upwardly revises its earnings guidance for 2021.

2 months ago - Zacks Investment Research

PSEG Agrees to Sell PSEG Fossil Generating Portfolio to ArcLight Capital

NEWARK, N.J., Aug. 12, 2021 /PRNewswire/ -- Public Service Enterprise Group (PSEG) has entered into an agreement to sell its 6,750-megawatt fossil generating portfolio to newly formed subsidiaries of Ar...

2 months ago - PRNewsWire

Public Service Enterprise (PEG) Q2 Earnings Match Estimates

Public Service Enterprise's (PEG) total gas sales volumes decline 14% in firm sales volumes and increase 14% in non-firm sales volumes of gas in the second quarter.

2 months ago - Zacks Investment Research

PSEG (PEG) Meets Q2 Earnings Estimates

PSEG (PEG) delivered earnings and revenue surprises of 0.00% and -19.78%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

PSEG Announces 2021 Second Quarter Results

NEWARK, N.J., Aug. 3, 2021 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported a Net Loss for the second quarter of 2021 of $177 million, or $0.35 per share, compared to Net Income of $...

2 months ago - PRNewsWire

Public Service Enterprise (PEG) Gears Up to Post Q2 Earnings

Public Service Enterprise's (PEG) Q2 revenues are expected to have benefited from favorable weather pattern. However, severe rainfall might have hurt earnings.

2 months ago - Zacks Investment Research

Electric Vehicle Buying Surge May Be Huge for Power Companies: 5 Top Dividend Stocks to Buy

While electric vehicles eventually will change the footprint for internal combustion engine automobiles here and across the world, the reality is that we will need a ton of electricity generation to mee...

Other symbols:EIXEXCNEESRE
2 months ago - 24/7 Wall Street

Earnings Preview: PSEG (PEG) Q2 Earnings Expected to Decline

PSEG (PEG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

PSEG Declares Regular Quarterly Dividend For Third Quarter Of 2021

NEWARK, N.J., July 20, 2021 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.51 per share dividend on the outstanding common stock of the company ...

3 months ago - PRNewsWire

Public Service Enterprise (PEG) Set to Reduce Transmission Rates

Public Service Enterprise (PEG) signs an agreement to lower transmission rates that could help its electric customers save approximately $140 million a year.

3 months ago - Zacks Investment Research

PSE&G Reaches Agreement to Lower Transmission Rates; Will File Agreement With FERC; Electric Customers to Save Approx...

NEWARK, N.J., July 14, 2021 /PRNewswire/ -- PSE&G executed an agreement today with the New Jersey Board of Public Utilities and New Jersey Division of Rate Counsel related to its transmission rates that...

3 months ago - PRNewsWire

PSE&G Names Deborah Affonsa New Chief Customer Officer

NEWARK, N.J., July 9, 2021 /PRNewswire/ -- Public Service Electric & Gas Co. (PSE&G) has named Deborah Affonsa to the newly established role of vice president and Chief Customer Officer, effective Monda...

3 months ago - PRNewsWire

PSEG (PEG) Completes Sale of Solar Portfolio to Quattro Solar

PSEG's (PEG) sale of the Solar Source portfolio to Quattro Solar includes the 467 MWdc portfolio of 25 solar facilities located across 14 states.

3 months ago - Zacks Investment Research

PSEG Completes Sale of Solar Source Portfolio to Affiliate of LS Power

NEWARK, N.J., June 29, 2021 /PRNewswire/ -- Public Service Enterprise Group Inc. (PSEG) today announced that it has completed the sale of its PSEG Solar Source LLC portfolio to Quattro Solar LLC, an aff...

3 months ago - PRNewsWire

PSEG Accelerates its Net-Zero Climate Vision to 2030

NEWARK, N.J., June 24, 2021 /PRNewswire/ -- PSEG today accelerates its net-zero ambitions by launching a three-pronged 2030 climate vision that extends across its business.

3 months ago - PRNewsWire

Why PSEG (PEG) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PSEG (PEG) have what it takes?

4 months ago - Zacks Investment Research

Why Is PSEG (PEG) Down 1.4% Since Last Earnings Report?

PSEG (PEG) reported earnings 30 days ago. What's next for the stock?

4 months ago - Zacks Investment Research

Public Service Enterprise (PEG) Divests Last Coal Unit

With the latest retirement, Public Service Enterprise (PEG) is likely to have retired over 2,400 MW of coal-fired generation since 2017.

4 months ago - Zacks Investment Research