NEWARK, N.J., Nov. 19, 2015 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (PEG) today declared a $0.39 per share dividend on the outstanding common stock of the company for the fourth quarter of 2015.
Sentiment: Strong Buy
If they raise, I think Util's. will rise. This pull back is due to the fear of a rate hike...
Once the actual announcement is made, the pps will tumble .... further. Big money has made it clear, they want the pps , in the $34/$35 range.
Ex- Div is coming the first week of Dec, then the dividend increase announcement to follow for the 1st qtr 2016. Just went long again. Fed increase already figured in to all these Utilities.
Sentiment: Strong Buy
Here's my problem with you and Obama with regard to the killing of Bin laden.....Obama did not kill Bin Laden, Seal Team six did. The process and intelligence gathering all started BEFORE Obama came into office. BUT Obama likes to take credit for other peoples work and people like you enable him.
I know dozens of enlisted and commissioned military. Quite frankly, NONE of them have much, if any, respect for Obama. Mainly because he often criticizes the military but will take credit for their work when anything positive happens.
Obama also has shown he has little grasp in reality when it comes to terrorism. Just yesterday morning he said ISIS is "Contained". Tell that to the French.
You Pumped him and Pumped him for years on the is message board Don. Now you have to take ownership for his gross mismanagement of the Middle East, Terrorism, and the economy (that blazing 1-2% growth rate).
Finally, his administration has presided over the greatest deterioration in race relations in this country in decades.
Yes people voted for him and many are regretting it.
He's Steve the stock weeny Cunningham, made death threats to us and Yahoo caught him
Well if the economy is slowing, then she shouldn't raise them. Look at the reaction to the markets from the threat a rate hike....Way over blown.....
Saw article in The Record today how Peg plans to spin off the Power part from the regulated part in 4-5 yrs...I guess they know the NJBPU will never let the regulated part be taken over, so let the power part go to shareholders, and from there they can be bought out if someone wants it.....What say you???
I agree to buy under 37, but I also do not believe we get there. charts show strong support around today;s low of 38.19. We have already had a big drop from 43.45 to current levels. For a utility, a drop of over 10 pct is big. I also expect that the dividend will again be increased with the first dividend of 2016.
The recent drop has to do with the expected Fed rate increase as you noted. However, the fed will probably raise the rate and then go into wait and see mode for several meetings and may be one and done through 2016. One reason want to increase has to do with money market funds. With zero interest rates, these funds have fixed costs which exceed their meager payouts and they don't have incoming interest due to the zero rates.
Also, the dollar is very strong and any rate increase will make it stronger. This is bad for the economy and will temper any future increases.
The biggest caveat to my reasoning above is inflation. If it moves higher, then I will be wrong and rates will rise more. I don't expect this though because of the very strong dollar and low oil.
Good luck to all.
You have an opportunity to buy 5% yield with limited downside at this point....IF the Fed raises rates by 1/4 point it hardly makes sense why the utilities sold off the way they did today....This whole scene is nonsense already........
UTIL's are getting clobbered over the threat of a interest raise in Dec. because of the good job report.....Well over done...Wish they would already, the util.s would then rebound..
How does roof top solar affect PSEG revenue? I would have to believe every installation takes money away from PSEG. I have owned PSEG stock off and on for a few years. None currently.