PEG - Public Service Enterprise Group Incorporated

NYSE - NYSE Delayed Price. Currency in USD
60.18
-0.87 (-1.43%)
At close: 4:01PM EDT
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Previous Close61.05
Open60.73
Bid0.00 x 1800
Ask0.00 x 1800
Day's Range60.14 - 60.98
52 Week Range49.23 - 61.63
Volume3,488,466
Avg. Volume2,126,452
Market Cap30.417B
Beta (3Y Monthly)0.41
PE Ratio (TTM)19.35
EPS (TTM)3.11
Earnings DateJul 30, 2019
Forward Dividend & Yield1.88 (3.08%)
Ex-Dividend Date2019-09-06
1y Target Est64.23
Trade prices are not sourced from all markets
  • Cuomo Expands ConEd Probe as Heat Wave Triggers 53,000 Outages
    Bloomberg37 minutes ago

    Cuomo Expands ConEd Probe as Heat Wave Triggers 53,000 Outages

    (Bloomberg) -- New York Governor Andrew Cuomo is expanding a probe into recent New York City power failures as Consolidated Edison Inc. reported about 53,000 customers suffered outages amid a heat wave and record demand.ConEd’s website Sunday night showed customers without power at various times included more than 37,000 in Brooklyn and 13,600 in Queens areas. Cuomo’s office said it directed the State Department of Public Service to expand its investigation into ConEd outages, which was opened after a failure last weekend left 72,000 customers in Manhattan’s West Side without power."We have been through this situation with ConEd time and again, and they should have been better prepared," Cuomo said in a statement. "This was not a natural disaster; there is no excuse for what has happened in Brooklyn.”The company didn’t respond to an emailed request for comment on the governor’s statement. It said in a release that it preemptively took customers in southeast Brooklyn out of service in order to protect equipment and to help restore power as soon as possible.The affected Brooklyn neighborhoods in Sunday’s outage include Canarsie, Flatlands, Mill Basin, Old Mill Basin, Bergen Beach and Georgetown. The company reported on its website 20,922 customers without power across its service area as of 4:39 a.m. local time Monday.Relief ExpectedSunday’s outage comes as relief is expected from dangerous heat baking a swath of the U.S. Lower temperatures are forecast after heat advisories and excessive heat warnings stretched from Oklahoma to Ohio and along the East Coast from Maine to South Carolina.ConEd had earlier in the day asked customers in southeast Brooklyn and parts of Queens, as well as some Bronx neighborhoods, to conserve energy while crews work to repair equipment.Separately on Long Island, Public Service Enterprise Group Inc. reported Sunday night that power had been restored to most of the more than 27,000 customers affected by equipment failures.To contact the reporters on this story: Brian Eckhouse in New York at beckhouse@bloomberg.net;Stephen Stapczynski in Singapore at sstapczynsk1@bloomberg.netTo contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net, Linus ChuaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg4 days ago

    Days After Manhattan Blackout, Storms Leave Thousands in Dark

    (Bloomberg) -- Less than a week after a faulty relay knocked out power to a sizable swath of Manhattan, Consolidated Edison Inc. found itself facing two more threats to its grid: powerful summer storms, and heat.Storms bearing strong winds and lightning rolled through the New York City area Wednesday night and early Thursday, cutting electricity to about 16,800 ConEd customers. By mid-morning, power had been restored to 15,000 of those customers, although the company reported lingering outages in Westchester County, the Bronx and Queens.In New Jersey, Public Service Enterprise Group Inc. reported about 44,700 customers losing power overnight. Of those, 40,000 had electricity restored by 8 a.m., the company reported. Both utilities reported placing extra crews on duty should further storms or the heatwave lead to more outages.On Saturday, problems with a protective relay system blacked out portions of New York City’s Upper West Side and Midtown neighborhoods.To contact the reporter on this story: David R. Baker in San Francisco at dbaker116@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Will Wade, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Margaret Pego, Senior Vice President of Human Resources & Chief Human Resources Officer, Announces Retirement
    PR Newswire4 days ago

    Margaret Pego, Senior Vice President of Human Resources & Chief Human Resources Officer, Announces Retirement

    Sheila Rostiac, Vice President Total Rewards and Talent Management, Named as Successor NEWARK, N.J. , July 18, 2019 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) has announced that Margaret ...

  • The Zacks Analyst Blog Highlights: Cisco, Home Depot, Merck, Humana and Public Service Enterprise
    Zacks6 days ago

    The Zacks Analyst Blog Highlights: Cisco, Home Depot, Merck, Humana and Public Service Enterprise

    The Zacks Analyst Blog Highlights: Cisco, Home Depot, Merck, Humana and Public Service Enterprise

  • PSEG Power Names Eric Carr to Replace Pete Sena as PSEG Nuclear President and Chief Nuclear Officer
    PR Newswire6 days ago

    PSEG Power Names Eric Carr to Replace Pete Sena as PSEG Nuclear President and Chief Nuclear Officer

    NEWARK, N.J. , July 16, 2019 /PRNewswire/ -- PSEG Power LLC has announced that Peter P. Sena III , PSEG Nuclear President and Chief Nuclear Officer, has accepted a position outside of the company and will ...

  • Top Stock Reports for Cisco, Home Depot & Merck
    Zacks7 days ago

    Top Stock Reports for Cisco, Home Depot & Merck

    Top Stock Reports for Cisco, Home Depot & Merck

  • Are You Looking for a High-Growth Dividend Stock? PSEG (PEG) Could Be a Great Choice
    Zacks12 days ago

    Are You Looking for a High-Growth Dividend Stock? PSEG (PEG) Could Be a Great Choice

    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.

  • Does Public Service Enterprise Group Incorporated's (NYSE:PEG) Debt Level Pose A Problem?
    Simply Wall St.17 days ago

    Does Public Service Enterprise Group Incorporated's (NYSE:PEG) Debt Level Pose A Problem?

    There are a number of reasons that attract investors towards large-cap companies such as Public Service Enterprise...

  • GuruFocus.com20 days ago

    Public Service Enterprise Group Inc (PEG) Chairman, President and CEO Ralph Izzo Sold $3. ...

    Chairman, President and CEO of Public Service Enterprise Group Inc (NYSE:PEG) Ralph Izzo sold 52,407 shares of PEG on 07/01/2019 at an average price of $58.26 a share.

  • Top Utility Stocks’ Wall Street Ratings and Price Targets
    Market Realist21 days ago

    Top Utility Stocks’ Wall Street Ratings and Price Targets

    Many top utility stocks are offering flattish potential upside due to the recent rally, based on analysts’ estimates.

  • PSEG Bridgeport Harbor Station 5 Online and Providing Power to Thousands of Connecticut Homes and Businesses
    PR Newswire27 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.

  • PSEG (PEG) to Sell Coal Stake: Lower Gas Price to Blame?
    Zacks27 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.

  • Bloomberg28 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.

  • PSEG Power Has Agreed to Sell Its Interest in Keystone and Conemaugh Coal Plants
    PR Newswire28 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) ...

  • This is Why PSEG (PEG) is a Great Dividend Stock
    Zacks28 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.

  • Here’s What Hedge Funds Think About Public Service Enterprise Group Incorporated (PEG)
    Insider Monkeylast month

    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 […]

  • New Jersey Selects Ocean Wind for State’s First Offshore Wind Project
    Business Wirelast month

    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 StreetEventslast month

    Edited Transcript of PEG earnings conference call or presentation 2-May-19 3:00pm GMT

    Q1 2019 Public Service Enterprise Group Inc Earnings Call

  • PSEG Holds One of Lowest Carbon Emissions Rates Among Largest U.S. Power Producers
    PR Newswirelast month

    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 ...

  • Investors Who Bought Public Service Enterprise Group (NYSE:PEG) Shares Five Years Ago Are Now Up 54%
    Simply Wall St.last month

    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...

  • Benzingalast month

    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 ...

  • Why Is PSEG (PEG) Down 1% Since Last Earnings Report?
    Zacks2 months 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.

  • PSEG and PSEG Long Island Launch "Power of One" Community Engagement Initiative to Celebrate Volunteerism & Community Service
    PR Newswire2 months 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.