Public Service Enterprise Group, Inc. (PEG)
| Market Cap | 31.21B |
| Revenue (ttm) | 9.54B |
| Net Income (ttm) | 1.48B |
| Shares Out | 504.00M |
| EPS (ttm) | 2.92 |
| PE Ratio | 21.61 |
| Forward PE | 17.70 |
| Dividend | $2.00 (3.17%) |
| Ex-Dividend Date | Sep 7, 2021 |
| Volume | 1,228,081 |
| Open | 63.38 |
| Previous Close | 63.40 |
| Day's Range | 62.97 - 63.52 |
| 52-Week Range | 52.84 - 65.33 |
| Beta | 0.57 |
| Analysts | Buy |
| Price Target | 69.17 (+9.6%) |
| Est. Earnings Date | Oct 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...
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 StatementsAnalyst 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.
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...
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.
PNW vs. PEG: Which Stock Is the Better Value Option?
PNW vs. PEG: Which Stock Is the Better Value Option?
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.
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.
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.
Why Is PSEG (PEG) Up 2.3% Since Last Earnings Report?
PSEG (PEG) reported earnings 30 days ago. What's next for the stock?
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.
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...
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.
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?
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 $...
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.
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...
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.
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 ...
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.
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...
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...
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.
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...
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.
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?
Why Is PSEG (PEG) Down 1.4% Since Last Earnings Report?
PSEG (PEG) reported earnings 30 days ago. What's next for the stock?
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.