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 distribution system of 25,000 circuit miles and 860,000 poles; 54 switching stations with an installed capacity of 38,353 megavolt-amperes (MVA), and 245 substations with an installed capacity of 8,647 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 58 natural gas metering and regulating stations. The Power segment operates nuclear, gas, oil-fired, and renewable generation assets. It has total generating output was approximately 52,900 gigawatts hours; and owns and operates 467 MW direct current of photovoltaic solar generation facilities. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.
IPO Year:
Exchange: NYSE
Website: pseg.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | $85.00 | Hold | Jefferies |
| 6/17/2024 | $82.00 | Neutral → Buy | Guggenheim |
| 1/22/2024 | $61.00 | Buy → Neutral | Guggenheim |
| 8/23/2023 | $64.00 | Overweight | Barclays |
| 8/14/2023 | $70.00 → $66.00 | Buy → Neutral | UBS |
| 6/20/2023 | Buy → Neutral | Seaport Research Partners | |
| 6/8/2023 | $64.00 | Neutral | Goldman |
| 4/3/2023 | Neutral | Ladenburg Thalmann | |
| 11/17/2022 | Outperform → Peer Perform | Wolfe Research | |
| 4/26/2022 | $76.00 | Neutral | Credit Suisse |
4 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
4 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
4 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
4 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
4 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
3 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
4 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
4 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
4 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
4 - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Issuer)
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 company for the fourth quarter of 2024. All dividends for the fourth quarter are payable on or before December 31, 2024, to shareholders of record on December 10, 2024. About PSEG Public Service Enterprise Group (PSEG) (NYSE:PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where
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® Outstanding Customer Engagement Award NEWARK, N.J., Nov. 14, 2024 /PRNewswire/ -- Public Service Electric & Gas, New Jersey's largest utility, is the recipient of the 2024 ReliabilityOne® Award for Outstanding Reliability Performance in the Mid-Atlantic Metropolitan Service Area. For the second consecutive year, PSE&G also received the 2024 ReliabilityOne® Outstanding Customer Engagement Award nationally. ReliabilityOne® Awards are given annually to the utilities that have achieved outstanding rel
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 that programs exist to help people struggling with utility bills. There are also many ways they can lower their bills by using energy wisely. "While PSEG Long Island is not a provider of natural gas or heating oil, we want all of our customers to be able to keep their homes warm this winter," said Lou DeBrino, PSEG Long Island's vice president of Customer Operations. "To help customer
$1.04 PER SHARE NET INCOME $0.90 PER SHARE NON-GAAP OPERATING EARNINGS PSE&G Distribution Base Rate Case Settlement Approved and Implemented PSE&G's Energy Efficiency Programs Expanded and Extended PSEG Narrows Full-Year 2024 Non-GAAP Operating Earnings Guidance NEWARK, N.J., Nov. 4, 2024 /PRNewswire/ -- Public Service Enterprise Group (NYSE:PEG) reported the following results for the third quarter of 2024: PSEG Consolidated (unaudited)Third Quarter Comparative Results Income Diluted Earnings Per Share ($ millions, except per share amounts) 3Q 2024 3Q 2023 3Q 2024 3Q 2023 Ne
$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 II Program (CEF-EE II) by the New Jersey Board of Public Utilities (NJBPU). Spanning from January 2025 to June 2027, this next program cycle is designed to continue delivering energy efficiency programs and measures to help New Jersey residents and businesses save energy, reduce utility costs and lower carbon emissions. This initiative aims to help achieve the New Jersey clean ene
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. ET on Monday, November 4, during which management will discuss third quarter financial results, financial guidance, capital investments, regulatory activities, and other important matters. The audio webcast can be accessed at that time, along with accompanying presentation materials, on the Investor News and Events section of PSEG's Investor Relations website at https://investor.pseg.com. A replay of the audio webcast, alo
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 agreement that PSE&G had reached with BPU staff, the New Jersey Division of Rate Counsel and other parties to PSE&G's electric and gas distribution base rate case filed in December 2023. The settlement advances PSE&G's ability to continue providing customers with affordable, award-winning service and customer care while also providing the financial strength necessary to maintain a reliable and resilient energy grid.
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 Long Island Power Authority (LIPA) have partnered to publish a proactive Climate Change Resilience Plan (CCRP) to address changes in weather patterns projected over the coming decades. To review the full Climate Change Resilience Plan, click here. Experience the full interactive Multichannel News Release here: https://www2.multivu.com/pseg-long-island/9270452-en-pseg-long-island-climate-change-resilience-plan-climate-week-2024 "From the day we started in 2014, PSEG Long Island has been making the
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 residential customers by about 5%, effective Oct. 1, 2024, managing to keep costs down while improving the reliability of our gas system. "This is an opportunity to lower our gas supply rate, providing our customers with some price relief and helping to maintain affordability," said Dave Johnson, vice president Customer Care & Chief Customer Officer. "We're pleased that we will continue to
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 planned succession process, PSEG announces that Executive Vice President and General Counsel Tamara L. Linde plans to retire from PSEG effective March 14, 2025. PSEG Deputy General Counsel and Chief Litigation Counsel Grace Park has been appointed Executive Vice President and General Counsel, effective September 16, 2024, and will continue to report to Linde until Linde's retirement. In support of a smooth transition of leadership, Linde will shift to the role of Executive Vice President and Ch
RBC Capital analyst Shelby Tucker maintains Public Service Enterprise (NYSE:PEG) with a Outperform and raises the price target from $80 to $84.
Barclays analyst Nicholas Campanella maintains Public Service Enterprise (NYSE:PEG) with a Overweight and raises the price target from $71 to $80.
Public Service Enterprise's (NYSE:PEG) short percent of float has fallen 6.28% since its last report. The company recently reported that it has 8.01 million shares sold short, which is 2.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.44 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Sho
Across the recent three months, 8 analysts have shared their insights on Public Service Enterprise (NYSE:PEG), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3 2 0 0 Last 30D 0 0 1 0 0 1M Ago 2 1 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 1 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $75.38, a high estim
BMO Capital analyst James Thalacker maintains Public Service Enterprise (NYSE:PEG) with a Market Perform and raises the price target from $69 to $74.
While the broader market had its ups and downs in the first half of 2024, two utility stocks have defied expectations, delivering stellar returns and significantly outpacing their peers. The Utility sector, tracked by the SPDR Select Sector Fund – Utilities (NYSE:XLU), is up over 8% year-to-date, but Vistra Corp. (NYSE:VST) and Constellation Energy Corp. (NASDAQ:CEG) have soared to new heights, making them the standout performers in the sector. Vistra: A Shocking Surge Vistra has been the lightning bolt in the Utility sector, charging ahead with a jaw-dropping 123.03% gain so far this year. Vistra's performance has been nothing short of electrifying. The company, which holds a 2.68
Big Tech’s race toward developing artificial intelligence (AI) has devastating, although possibly preventable, effects on the environment. For example, Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) unveiling of Google AI Overviews. The automatically enabled feature eats up an estimated three watt-hours of electricity per search. That’s 10 times the power consumption of a traditional Google search. Additionally, AI facilities and data centers use substantial water to cool their servers and could consume 25% of U.S. power by 2030. Demand for data center power is projected to more than double by 2030, largely due to AI. Although demand is substantial, energy providers are having diff
Morgan Stanley analyst David Arcaro maintains Public Service Enterprise (NYSE:PEG) with a Overweight and lowers the price target from $78 to $76.
10 analysts have shared their evaluations of Public Service Enterprise (NYSE:PEG) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 5 1 0 0 Last 30D 1 0 0 0 0 1M Ago 2 1 0 0 0 2M Ago 0 0 1 0 0 3M Ago 1 4 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $73.8, a high estimate of $82.00, and a low estimate of $62.00. Witnessing a positive shift, the current average
Guggenheim analyst Shahriar Pourreza upgrades Public Service Enterprise (NYSE:PEG) from Neutral to Buy and announces $82 price target.
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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 company for the fourth quarter of 2024. All dividends for the fourth quarter are payable on or before December 31, 2024, to shareholders of record on December 10, 2024. About PSEG Public Service Enterprise Group (PSEG) (NYSE:PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where
$1.04 PER SHARE NET INCOME $0.90 PER SHARE NON-GAAP OPERATING EARNINGS PSE&G Distribution Base Rate Case Settlement Approved and Implemented PSE&G's Energy Efficiency Programs Expanded and Extended PSEG Narrows Full-Year 2024 Non-GAAP Operating Earnings Guidance NEWARK, N.J., Nov. 4, 2024 /PRNewswire/ -- Public Service Enterprise Group (NYSE:PEG) reported the following results for the third quarter of 2024: PSEG Consolidated (unaudited)Third Quarter Comparative Results Income Diluted Earnings Per Share ($ millions, except per share amounts) 3Q 2024 3Q 2023 3Q 2024 3Q 2023 Ne
$0.87 PER SHARE NET INCOME $0.63 PER SHARE NON-GAAP OPERATING EARNINGS Reaffirms Full-Year 2024 Non-GAAP Operating Earnings Guidance NEWARK, N.J., July 30, 2024 /PRNewswire/ -- Public Service Enterprise Group (NYSE:PEG) reported the following results for the second quarter of 2024: PSEG Consolidated (unaudited)Second Quarter Comparative Results Income Diluted Earnings Per Share ($ millions, except per share amounts) 2Q 2024 2Q 2023 2Q 2024 2Q 2023 Net Income $434 $591 $0.87 $1.18 Reconciling Items (121) (240) (0.24) (0.48) Non-GAAP Operating Earnings $313 $351 $0.63 $0.70
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 company for the third quarter of 2024. All dividends for the third quarter are payable on or before September 30, 2024, to shareholders of record on September 9, 2024. About PSEG Public Service Enterprise Group (PSEG) (NYSE:PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where
$1.06 PER SHARE NET INCOME $1.31 PER SHARE NON-GAAP OPERATING EARNINGS Reaffirms 2024 Non-GAAP Operating Earnings Guidance of $3.60 - $3.70 Per Share NEWARK, N.J., April 30, 2024 /PRNewswire/ -- Public Service Enterprise Group (NYSE:PEG) reported the following results for the first quarter of 2024: PSEG Consolidated (unaudited)First Quarter Comparative Results Income Diluted Earnings Per Share ($ millions, except per share amounts) 1Q 2024 1Q 2023 1Q 2024 1Q 2023 Net Income $532 $1,287 $1.06 $2.58 Reconciling Items 125 (592) 0.25 (1.19) Non-GAAP Operating Earnings $657 $695
NEWARK, N.J., April 16, 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 company for the second quarter of 2024. All dividends for the second quarter are payable on or before June 28, 2024, to shareholders of record on June 7, 2024. About PSEG Public Service Enterprise Group (PSEG) (NYSE:PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where people
$5.13 PER SHARE NET INCOME$3.48 PER SHARE NON-GAAP OPERATING EARNINGS Reaffirms 2024 Non-GAAP Operating Earnings Guidance of $3.60 - $3.70 Per Share NEWARK, N.J., Feb. 26, 2024 /PRNewswire/ -- Public Service Enterprise Group (NYSE:PEG) reported the following results for the full-year and fourth quarter of 2023: PSEG Consolidated (unaudited) Full Year Comparative Results Income Diluted EarningsPer Share ($ millions, except per share amounts) FY 2023 FY 2022 FY 2023 FY 2022 Net Income $2,563 $1,031 $5.13 $2.06 Reconciling Items (821) 708 (1.65) 1.41 Non-GAAP Operating Earni
Indicative Annual Dividend Rate Increases to $2.40 Per Share Marks PSEG's 117th Year of Paying a Common Dividend NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.60 per share quarterly common stock dividend for the first quarter of 2024, payable on or before March 29, 2024, to shareholders of record on March 8, 2024. This action represents an increase of $0.03 per share in the company's quarterly common stock dividend, bringing the 2024 indicative annual rate to $2.40 per share. "The increase
NEWARK, N.J., Nov. 21, 2023 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.57 per share dividend on the outstanding common stock of the company for the fourth quarter of 2023. All dividends for the fourth quarter are payable on or before December 29, 2023, to shareholders of record on December 8, 2023. Forward-Looking Statements The statements contained in this press release that are not purely historical are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such fo
$1.18 Per Share Net Income $0.70 Per Share Non-GAAP Operating Earnings Re-Affirms Full-Year 2023 Non-GAAP Operating EPS Guidance Range of $3.40 - $3.50 NEWARK, N.J., Aug. 1, 2023 /PRNewswire/ -- Public Service Enterprise Group (NYSE:PEG) reported second quarter 2023 Net Income of $591 million, or $1.18 per share, compared to Net Income of $131 million, or $0.26 per share, for the second quarter 2022. Non-GAAP Operating Earnings for the second quarter of 2023 were $351 million, or $0.70 per share, compared to non-GAAP Operating Earnings of $320 million, or $0.64 per share
Jefferies initiated coverage of Public Service with a rating of Hold and set a new price target of $85.00
Guggenheim upgraded Public Service from Neutral to Buy and set a new price target of $82.00
Guggenheim downgraded Public Service from Buy to Neutral and set a new price target of $61.00
Barclays initiated coverage of Public Service with a rating of Overweight and set a new price target of $64.00
UBS downgraded Public Service from Buy to Neutral and set a new price target of $66.00 from $70.00 previously
Seaport Research Partners downgraded Public Service from Buy to Neutral
Goldman initiated coverage of Public Service with a rating of Neutral and set a new price target of $64.00
Ladenburg Thalmann initiated coverage of Public Service with a rating of Neutral
Wolfe Research downgraded Public Service from Outperform to Peer Perform
Credit Suisse initiated coverage of Public Service with a rating of Neutral and set a new price target of $76.00
8-K - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
8-K - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
10-Q - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
8-K - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
8-K - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
8-K - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
10-Q - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
8-K - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
11-K - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
11-K - PUBLIC SERVICE ENTERPRISE GROUP INC (0000788784) (Filer)
NEWARK, N.J., April 11, 2023 /PRNewswire/ -- PSEG has announced that Eric Carr, PSEG Nuclear president and chief nuclear officer, has accepted a position outside of the company and will be leaving PSEG, effective May 19, 2023. Charles "Chaz" McFeaters, PSEG senior vice president Nuclear Operations, will succeed Carr as PSEG Nuclear president and chief nuclear officer. "PSEG Nuclear is a critical part of PSEG's powering progress vision and New Jersey's clean energy goals," said Ralph LaRossa, chair, president and chief executive officer of PSEG. "We are confident that Chaz will