PEG - Public Service Enterprise Group Incorporated
| Previous Close | 60.14 |
| Open | 59.92 |
| Bid | 58.51 x 900 |
| Ask | 59.53 x 1200 |
| Day's Range | 59.08 - 60.14 |
| 52 Week Range | 49.23 - 61.63 |
| Volume | 2,161,675 |
| Avg. Volume | 2,222,950 |
| Market Cap | 29.861B |
| Beta (3Y Monthly) | 0.44 |
| PE Ratio (TTM) | 19.00 |
| EPS (TTM) | 3.11 |
| Earnings Date | Jul 30, 2019 - Aug 5, 2019 |
| Forward Dividend & Yield | 1.88 (3.13%) |
| Ex-Dividend Date | 2019-06-06 |
| 1y Target Est | 63.93 |
- Yahoo Finance Video•29 days ago
PSEG CEO says $400 million energy conservation investment is a 'triple win'
In the past decade Public Service Enterprise Group spent $400 million in energy efficiency. Its Chairman dn CEO Ralph Izzo says the investment is a 'triple win' - less energy consumption is better environmental impact, lower bills for customers, and investing in the hardware is better return for customers. He joins Yahoo Finance's Scott Gamm at the NYSE.
- PR Newswire•2 days ago
PSEG Bridgeport Harbor Station 5 Online and Providing Power to Thousands of Connecticut Homes and Businesses
BRIDGEPORT, Conn., June 25, 2019 /PRNewswire/ -- Today, PSEG Power announced that its 485-megawatt combined-cycle Bridgeport Harbor Station 5 is online and available to provide energy to thousands of homes and businesses in Connecticut and add resiliency to the grid. The natural gas-powered Bridgeport Harbor Station 5 delivers on this vision with one of the lowest carbon footprints per megawatt of energy produced among all PSEG Power's fossil units. "PSEG is committed to producing cleaner energy and the safe and timely commissioning of Bridgeport Harbor Station Unit 5 is a testament to that effort," PSEG Power President and Chief Operating Officer, Ralph LaRossa said.
- Zacks•2 days ago
PSEG (PEG) to Sell Coal Stake: Lower Gas Price to Blame?
Public Service Enterprise's (PEG) stakes in the Keystone and Conemaugh facilities represent 776 MWs of power generation, which are likely to get divested by the second half of 2019.
- Bloomberg•3 days ago
N.J.'s Top Utility Willing to Take $415 Million Hit to Exit Coal
(Bloomberg) -- Public Service Enterprise Group Inc., the owner of New Jersey’s biggest utility, agreed to sell its stakes in two Pennsylvania power plants at a loss, marking the last steps in its plan to exit from coal.The deal to sell its stakes -- about 23% each -- in the Keystone and Conemaugh plants is expected to close in the second half of 2019, the Newark, New Jersey-based company said in a statement on Monday. PSEG will take a pretax charge of $375 million to $415 million in the current quarter because the anticipated sale price, which wasn’t disclosed, is less than book value of the assets, according to a filing.The deals reflect the declining value of coal power. Electricity prices in the region are falling, and costs to control coal-plant emissions are expected to climb, according to Kit Konolige, a utility analyst with Bloomberg Intelligence. That makes the long-term viability of these facilities hard to justify compared with cheap natural gas facilities. Coal is expected to generate less than 25% of U.S. electricity this year for the first time.“These were plants that they didn’t feel were going to be very valuable in the future,” Konolige said in an interview.Marijke Shugrue, a PSEG spokeswoman, declined to identify the buyers of the Pennsylvania plants and didn’t comment on the charge related to the sale. After the deal closes, PSEG won’t purchase electricity from them.PSEG retired two coal plants in New Jersey in 2017 and expects to shutter a 383-megawatt Connecticut facility in 2021. Its stake in the Pennsylvania facilities represents 776 megawatts.“This marks the last bit of coal that we have in our power portfolio,” Shugrue said by phone Monday.(Michael R. Bloomberg, the founder and majority stakeholder of Bloomberg LP, the parent company of Bloomberg News, has committed $500 million to launch Beyond Carbon, a campaign aimed at closing the remaining coal-powered plants in the U.S. by 2030 and slowing the construction of new gas plants.)To contact the reporter on this story: Will Wade in New York at wwade4@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Pratish Narayanan, Joe RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire•3 days ago
PSEG Power Has Agreed to Sell Its Interest in Keystone and Conemaugh Coal Plants
Nears Completion of its Coal Exit Strategy With Entire Coal Fleet Sold or Scheduled for Sale or Shutdown NEWARK, N.J. , June 24, 2019 /PRNewswire/ -- PSEG Power has agreed to sell its 776-megawatt (MW) ...
- Zacks•3 days ago
This is Why PSEG (PEG) is a Great Dividend Stock
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? Let's find out.
- Insider Monkey•6 days ago
Here’s What Hedge Funds Think About Public Service Enterprise Group Incorporated (PEG)
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- Business Wire•6 days ago
New Jersey Selects Ocean Wind for State’s First Offshore Wind Project
Ørsted, with support from PSEG, to develop 1,100 MW project, enough to power more than half a million New Jersey homes. Today the New Jersey Board of Public Utilities (NJBPU) announced it has selected Ocean Wind, an offshore wind energy project proposed by Ørsted with support from PSEG, to develop an 1,100 MW offshore wind farm, that will power more than half a million New Jersey homes.
- Thomson Reuters StreetEvents•6 days ago
Edited Transcript of PEG earnings conference call or presentation 2-May-19 3:00pm GMT
Q1 2019 Public Service Enterprise Group Inc Earnings Call
- PR Newswire•10 days ago
PSEG Holds One of Lowest Carbon Emissions Rates Among Largest U.S. Power Producers
NEWARK, N.J. , June 17, 2019 /PRNewswire/ -- PSEG has one of the lowest carbon emissions rates of the nation's largest power producers, according to a new analysis released today. PSEG is the 17th largest ...
- Simply Wall St.•10 days ago
Investors Who Bought Public Service Enterprise Group (NYSE:PEG) Shares Five Years Ago Are Now Up 54%
Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses...
- Benzinga•20 days ago
Goldman Upgrades Exelon, Says It's Otherwise Cautious On Energy Group
Expected higher energy pricing in most regions in coming years led Goldman Sachs to boost target prices on Exelon Corporation (NYSE: EXC ) and Public Service Enterprise Group Inc . (NYSE: PEG ) — while ...
- Zacks•26 days ago
Why Is PSEG (PEG) Down 1% Since Last Earnings Report?
PSEG (PEG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- PR Newswire•27 days ago
PSEG and PSEG Long Island Launch "Power of One" Community Engagement Initiative to Celebrate Volunteerism & Community Service
NEWARK, N.J., May 31, 2019 /PRNewswire/ -- Throughout its history, PSEG has strived to improve the lives of the individuals it serves. Today, in recognition of these efforts, PSEG and PSEG Long Island announce the launch of the Power of One, a community engagement initiative that recognizes both employees and citizens. "Inspired by the tremendous spirit of volunteerism, we sought a way to increase recognition of exceptional efforts of service that take place every day," PSEG Chairman, President & CEO Ralph Izzo said.
- Simply Wall St.•28 days ago
Is Public Service Enterprise Group Incorporated (NYSE:PEG) Trading At A 28% Discount?
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Public Service...
- PR Newswire•29 days ago
PSEG's Five-Year, $12-$17 Billion Capital Program Supports Earnings Growth Strategy
PSE&G's investments focused on improving reliability, resiliency and providing universal customer access to energy efficiency PSEG Power nearing completion of 1,800 MW combined cycle construction program ...
- Zacks•last month
PSEG (PEG) is a Top Dividend Stock Right Now: Should You Buy?
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? Let's find out.
- Zacks•2 months ago
Top Analyst Reports for AT&T, Dominion Energy & Honda
Top Analyst Reports for AT&T;, Dominion Energy & Honda
- Zacks•2 months ago
Why PSEG (PEG) is a Top Dividend Stock for Your Portfolio
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? Let's find out.
Motley Fool•2 months agoPublic Service Enterprise Group Inc (PEG) Q1 2019 Earnings Call Transcript
PEG earnings call for the period ending March 31, 2019.
- Zacks•2 months ago
Public Service Enterprise (PEG) Q1 Earnings Beat Estimates
Public Service Enterprise Group's (PEG) total gas sales volumes witness a 58% surge in non-firm sales volumes of gas in the first quarter of 2019.
- PR Newswire•2 months ago
PSEG WorryFree Service Has Arrived on Long Island
Home repair and protection services sold and provided by HomeServe USA FARMINGDALE, N.Y., May 2, 2019 /PRNewswire/ -- Long Island residents now have a new way to protect themselves from unexpected home ...
- Zacks•2 months ago
PSEG (PEG) Q1 Earnings and Revenues Surpass Estimates
PSEG (PEG) delivered earnings and revenue surprises of 9.09% and 7.26%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press•2 months ago
PSEG: 1Q Earnings Snapshot
On a per-share basis, the Newark, New Jersey-based company said it had net income of $1.38. Earnings, adjusted for non-recurring gains, came to $1.08 per share. The results surpassed Wall Street expectations. ...
