|Bid||52.22 x 800|
|Ask||52.23 x 900|
|Day's Range||51.79 - 52.34|
|52 Week Range||43.63 - 54.50|
|PE Ratio (TTM)||16.87|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||1.80 (3.38%)|
|1y Target Est||55.88|
NEWARK, N.J., July 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 third 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.
Exelon (EXC) is currently trading at an enterprise-value-to-EBITDA valuation multiple of 8.0x, which is higher than its five-year average valuation. Compared to its historical average, EXC seems to be trading at a premium.
Exelon (EXC) is the largest utility holding company by revenue among the S&P 500 utilities (XLU). According to analysts’ consensus, Exelon has a mean price target of $44.12 against its current market price of $42.45. That suggests an estimated upside of 4% going forward.
Public Service Enterprise Group Incorporated (NYSE:PEG) has pleased shareholders over the past 10 years, paying out an average dividend of 4.00% annually. The company currently pays out a dividend yieldRead More...
Other officer moves announced NEWARK, N.J. , June 22, 2018 /PRNewswire/ -- Rick Thigpen , vice president - state governmental affairs for PSEG, has been promoted to senior vice president - corporate citizenship. ...
Equity valuations remain near historic highs, interest rates are rising, the bull market and the economic expansion are aging, and a trade war is escalating between the U.S. and China. This represents a "risk-on" environment in which investors may be well-advised to take defensive cover, according to Michael Wilson, the chief U.S. equity strategist at Morgan Stanley, per a report in Barron's. Wilson is recommending the utilities sector right now, and these four stocks have overweight ratings from Morgan Stanley: American Electric Power Co. Inc. ( AEP), PG&E Corp. ( PCG), Public Service Enterprise Group Inc. ( PEG), and XCEL Energy Inc. ( XEL).
According to a new note from Morgan Stanley analyst Michael Wilson, it’s a great time for investors to go defensive by buying utilities stocks. A significant divergence has occurred so far this year between the most risky and least risky assets, the analyst said. In the near-term, Wilson expects mean reversion will result in relative outperformance for low-risk assets such as utility stocks.
In this morning's lineup are the following stocks: FuelCell Energy Inc. (NASDAQ: FCEL), Public Service Enterprise Group Inc. (NYSE: PEG), Vectren Corp. (NYSE: VVC), and Consolidated Edison Inc. (NYSE: ED). On Wednesday, shares in Danbury, Connecticut headquartered FuelCell Energy Inc. recorded a trading volume of 693,728 shares.
NEWARK, N.J., June 8, 2018 /PRNewswire/ -- Building on the success of its Energy Strong program, Public Service Electric and Gas (PSE&G) today proposed to invest an additional $2.5 billion during the next five years to further strengthen the utility's electric and gas systems to withstand storms, improve reliability and significantly enhance resiliency.
Several major U.S. operators of nuclear reactors and coal plants said they had not changed plans to close plants in coming years, even after the White House said it would take emergency steps to subsidize struggling operators. U.S. President Donald Trump last week directed Energy Secretary Rick Perry to take steps to keep coal and nuclear power plants running, citing a decades-old national security law as justification. NRG Energy Inc, which owns nuclear, coal and natural gas power plants, agreed.
PSEG's infrastructure program, an expansion of previously disclosed plans to invest $11.5 billion to $13.2 billion over the five-year period ending in 2022, includes a proposal for a significant increase in the utility's investments in energy efficiency, as well as the first major investment in electric vehicle infrastructure.
Public Service Enterprise (PEG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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.
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.