|Bid||0.00 x 3000|
|Ask||0.00 x 40700|
|Day's Range||51.35 - 52.03|
|52 Week Range||41.67 - 53.28|
|PE Ratio (TTM)||16.75|
|Earnings Date||Jul 26, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||1.80 (3.52%)|
|1y Target Est||54.29|
New Jersey Governor Phil Murphy signed several legislative initiatives on Wednesday to advance the state's clean energy goals, including a controversial bill that would subsidize the continued operation of nuclear power plants. The new nuclear law, which could cost about $300 million a year, establishes a Zero Emissions Certificate (ZEC) program to maintain New Jersey's nuclear energy supply, which contributes close to 40 percent of the state's electric capacity and is by far its largest source of carbon free energy. Plants seeking to participate in the program would be required, among other things, to demonstrate that they make a significant contribution to New Jersey air quality and are at risk of closure within three years.
SOUTH BRUNSWICK, N.J. (AP) — Legislation that would authorize $300 million annually to rescue New Jersey's nuclear energy industry — a request for financial help made by the state's largest utility company — was signed into law Wednesday.
New Jersey Governor Phil Murphy signed a bill requiring utility customers to spend more than $300 million a year to rescue struggling nuclear power plants run by Exelon Corp. and Public Service Enterprise Group Inc. The legislation signed Wednesday aims to keep nuclear plants operating in the state, after owners warned the facilities were no longer economic amid lower power prices. Murphy, a Democrat who took office in January, also signed a bill calling for half the state’s energy to come from renewable power by 2030.
Public Service Enterprise Group (PEG) plans on modernizing infrastructural systems and limiting greenhouse gas emissions under the five-year program.
NEWARK, N.J., May 22, 2018 /PRNewswire/ -- Public Service Electric & Gas Company (PSE&G) is moving forward with the next phase of its Gas System Modernization Program (GSMP II) following today's approval of a multi-party settlement by the New Jersey Board of Public Utilities (BPU). Through GSMP II, PSE&G will invest $1.875 billion to continue the accelerated replacement of aging gas pipes, supporting a safe, clean and reliable gas system. The work, which will create some 3,200 jobs, entails replacing 875 miles of pipes and other gas infrastructure improvements through 2023.
Solar + Battery System Will Help Keep Facility Operating During Extended Power Outages NEWARK, N.J. , May 17, 2018 /PRNewswire/ -- Public Service Electric and Gas Company (PSE&G) announced today that its ...
According to Wall Street analysts’ consensus, FirstEnergy (FE) stock has a mean price target of $37.7 against its current market price of $33.8. This difference indicates a potential upside of 11.6% for the stock over the next 12 months.
Public Service Enterprise Group (PEG) is a diversified utility that provides electricity and gas to nearly 4 million customers. PEG stock has been placed relatively better compared to its peers this year. PEG stock has fallen ~2%, while broader utilities (XLU) (IDU) have fallen more than 6% year-to-date. PEG stock appears fairly pricey compared to the industry average and its historical average.
NEW YORK, May 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of The ...
FirstEnergy (FE) stock is currently trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation multiple of 8.0x, which is lower than its five-year historical average of 9.0x.
Public Service Enterprise (PEG) revenues of $2,818 million in the quarter surpassed the Zacks Consensus Estimate of $2,740 million by 2.8%.
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The Newark, New Jersey-based company said it had net income of $1.10 per share. Earnings, adjusted for non-recurring gains, were 97 cents per share. The results fell short of Wall Street expectations. ...
$1.10 PER SHARE OF NET INCOME Non-GAAP Operating Earnings of $0.97 Per Share Re-Affirms Non-GAAP Operating Earnings Guidance $3.00 - $3.20 Per Share PSE&G $1.9 Billion Settlement of GSMP II Program Aligned ...
Public Service Enterprise Group Inc on Wednesday agreed to settle allegations that its trading unit violated power market rules between 2005 and 2014 and pay an $8 million civil penalty and disgorge $28.9 ...
Public Service Enterprise (PEG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
PSE&G, New Jersey's largest utility, reached a settlement with regulators to replace hundreds of miles of decaying gas pipes and raise customer rates. The agreement gives the company some clarity in its capital spending plans and on its revenue projections. PSE&G is a subsidiary of Public Service Enterprise Group[ticker symb=PEG], which says it is the nation's largest utility company. Staff of...
Willdan Group, Inc. (WLDN) today announced that it is has been selected as one of the vendors for the Public Service Electric and Gas Company (PSE&G) Energy $aver (Direct Install) Program for Government, Non-Profit, and Small Business Facilities. This program has a budget of $15 million over three years and provides direct install services throughout PSE&G’s service territory. Willdan will serve northern New Jersey’s densely populated Bergen, Passaic, and Hudson counties.
NEWARK, N.J., April 23, 2018 /PRNewswire/ -- Public Service Electric and Gas Company (PSE&G) today announced a $1.875 billion settlement with the Staff of the New Jersey Board of Public Utilities (BPU), the New Jersey Division of Rate Counsel and other parties to continue the accelerated replacement of aging gas pipes, supporting a safe, clean and reliable gas system well into the future. The settlement agreement is pending approval by the BPU.
Wall Street analysts’ mean target price for FirstEnergy (FE) is $36.14, whereas its current market price is $34.61, implying a potential upside of ~6% for the stock over the next 12 months. Among the 17 analysts tracking FirstEnergy, eight had recommended “hold,” three had recommended “strong buy,” and six had recommended “buy” as of April 17, 2018. There were no “sell” recommendations.
FirstEnergy (FE) stock has soared more than 15% in the last three months, significantly outperforming broader utilities (XLU). Investment from activist hedge fund Elliott Management and improved earnings growth prospects boosted FE stock, which is currently trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratio of 8.4x, lower than its five-year average of ~9.0x.
NEWARK, N.J., April 17, 2018 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (PEG) today declared a $0.45 per share dividend on the outstanding common stock of the company for the second quarter of 2018. 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 forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated.