Workflow
PSEG(PEG)
icon
Search documents
PSEG Increases 2025 Common Stock Dividend
Prnewswire· 2025-02-11 14:45
Core Points - Public Service Enterprise Group (PSEG) announced a quarterly common stock dividend of $0.63 per share for Q1 2025, marking a 5% increase in the indicative annual dividend rate to $2.52 per share [1][2] - This increase represents the 14th consecutive annual dividend increase, highlighting PSEG's commitment to consistent and sustainable growth in dividend payments [2] - PSEG has a long history of providing dividend income for 118 years, supported by a solid financial position and a strong business mix [2] Company Overview - PSEG operates New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers [3] - The company owns a fleet of 3,750 MW of carbon-free, baseload nuclear power generating units located in New Jersey and Pennsylvania [3] - PSEG is a member of the S&P 500 Index and has been included in the Dow Jones Sustainability North America Index for 17 consecutive years [3]
4 PEG-Based GARP Stocks to Stay Ahead in Uncertain Markets
ZACKS· 2025-02-06 16:36
Market Overview - The equity market in 2025 has experienced heightened volatility due to escalating geopolitical tensions and renewed trade conflicts, particularly influenced by Trump's tariff policies which have prompted retaliatory actions from major economies like China and the European Union [1] - The Federal Reserve's decision to maintain interest rates has added to market instability, as many investors were expecting a rate cut to alleviate economic pressures from trade disruptions and geopolitical risks [1] Investment Strategies - In times of extreme market instability, investors face the dilemma of choosing between a value strategy that seeks discounted stocks or a growth investing approach [2] - The investment strategy of the Oracle of Omaha, which has evolved from pure value investing to a GARP (growth at a reasonable price) approach, serves as a potential guide for investors [2] GARP Investing - GARP investing combines growth and value-investing principles, focusing on stocks that are undervalued yet possess solid sustainable growth potential [4] - The PEG (Price/Earnings Growth) ratio is a key metric in GARP investing, relating a stock's P/E ratio to its future earnings growth rates [5] Stock Analysis - Four stocks exemplifying the success of the GARP strategy are Pilgrim's Pride (PPC), Exelixis (EXEL), Synchrony Financial (SYF), and United Airlines (UAL) [3] - Pilgrim's Pride has a Zacks Rank of 1 and a Value Score of A, with a long-term expected earnings growth rate of 48.2% [11][12] - Exelixis, with a Zacks Rank of 2 and a Value Score of B, has a solid long-term expected growth rate of 27.4% [13][14] - Synchrony Financial holds a Zacks Rank of 2 and a Value Score of A, with a projected earnings growth rate of 12.8% over the next five years [15] - United Airlines also has a Zacks Rank of 1 and a Value Score of A, with an impressive long-term expected earnings growth rate of 11.7% [16]
PSEG To Announce Fourth Quarter and Full Year 2024 Financial Results On February 25
Prnewswire· 2025-02-04 12:30
Core Viewpoint - Public Service Enterprise Group (PSEG) will host its fourth quarter and full year 2024 earnings call on February 25, 2025, to discuss financial results, guidance, capital investments, and regulatory activities [1]. Group 1: Earnings Call Details - The earnings call is scheduled for 11:00 a.m. ET on February 25, 2025 [1]. - An audio webcast of the call will be available on PSEG's Investor Relations website, along with presentation materials [2]. - A replay of the audio webcast and accompanying materials will be accessible by February 26, 2025 [2]. Group 2: Company Overview - PSEG is a regulated infrastructure company focused on a clean energy future, aiming for cleaner, safer, and more reliable energy delivery [3]. - The company has been listed on the Dow Jones Sustainability North America Index for 17 consecutive years, highlighting its commitment to sustainability [3]. - PSEG is recognized on the 2023-2024 list of U.S. News' Best Companies to Work For [3]. Group 3: Investor Relations - PSEG and PSE&G provide important information through their corporate Investor Relations website [4]. - Investors are encouraged to visit the website for updates and can sign up for automatic email alerts regarding new postings [4].
4 PEG-Based Value Stocks to Neutralize Trump 2.0-Led Market Volatility
ZACKS· 2025-01-21 15:36
Market Volatility and Investment Strategies - The equity market has experienced notable volatility due to the commencement of Trump 2.0, with initial positive reactions followed by reversals influenced by policy announcements regarding tariffs and immigration [1] - Investors are uncertain about their strategies during such political and macroeconomic upheavals, often leaning towards value investing as a response to market volatility [2] Value Investing Insights - Value investing can present opportunities when other investors sell stocks at lower prices during market uncertainty, allowing value investors to acquire stocks at discounted rates [2] - However, value investing has drawbacks, including the risk of "value traps," where stocks underperform over time due to persistent issues [4] PEG Ratio and Investment Metrics - The PEG ratio, defined as (Price/Earnings)/Earnings Growth Rate, is a crucial metric for value investors, with a lower PEG ratio being preferable [6] - The PEG ratio helps identify intrinsic stock value, although it has limitations, such as not accounting for changing growth rates over time [6] Screening Criteria for Value Stocks - Effective screening for value stocks includes criteria such as a PEG ratio less than the industry median, a P/E ratio below the industry median, a Zacks Rank of 1 or 2, market capitalization over $1 billion, and an average 20-day volume greater than 50,000 [7][8] Selected Value Stocks - **Wells Fargo & Company (WFC)**: A leading financial services company with a Zacks Rank of 1, a Value Score of B, and a five-year historical growth rate of 12.1% [9][10] - **Exelixis (EXEL)**: An oncology-focused biotechnology company with a Zacks Rank of 2, a Value Score of B, and a long-term expected growth rate of 23.7% [11][12] - **Delta Air Lines (DAL)**: A major U.S. airline with a Zacks Rank of 2, a Value Score of A, and a five-year historical growth rate of 51.3% [12][13] - **The Greenbrier Companies (GBX)**: A supplier of freight transportation equipment with a Zacks Rank of 1, a Value Score of B, and a long-term expected growth rate of 11.7% [13][14]
4 Lucrative PEG Stocks Based on GARP Investment Strategy
ZACKS· 2025-01-09 15:56
Core Insights - The article discusses the effectiveness of a hybrid investing strategy known as GARP (Growth at a Reasonable Price), which combines elements of both value and growth investing to navigate market uncertainties [2][4]. Group 1: GARP Strategy - GARP investing focuses on stocks that are undervalued while also having solid sustainable growth potential, utilizing the price/earnings growth (PEG) ratio as a key metric [4][5]. - A lower PEG ratio, ideally less than 1, indicates both undervaluation and future growth potential, making it attractive for GARP investors [6]. Group 2: Screening Criteria - Successful GARP investing involves several screening criteria, including a PEG ratio less than the industry median, a P/E ratio below the industry median, and a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [8][9]. - Additional criteria include a market capitalization greater than $1 billion, an average 20-day volume exceeding 50,000, and a percentage change in F1 earnings estimate revisions greater than 5% [9]. Group 3: Stock Picks - Subaru Corporation (FUJHY) is highlighted as a strong investment pick with a Zacks Rank of 2, a Value Score of A, and a long-term expected earnings growth rate of 24.6% [10][11]. - Enersys (ENS) also qualifies as a solid investment with a Zacks Rank of 2, a Value Score of A, and a long-term expected growth rate of 18% [12]. - Nomura Holdings, Inc. (NMR) is noted for its Zacks Rank of 2, a Value Score of A, and a projected earnings growth rate of 22.6% over the next five years [13]. - American Airlines (AAL) stands out with a Zacks Rank of 1, a Value Score of A, and an impressive long-term expected earnings growth rate of 37.6% [14].
PSE&G ranked No. 1 for Both Gas and Electric Utility Residential Customer Satisfaction in the East among Large Utilities by J.D.
Prnewswire· 2025-01-06 13:00
Core Insights - Public Service Electric & Gas (PSE&G) has been recognized by J.D. Power as the top utility for residential customer satisfaction in both electric and gas service categories for 2024, marking the second consecutive year for this dual recognition [1][5] Customer Satisfaction Rankings - In the Residential Electric study, PSE&G achieved the top ranking in all measured categories including power quality and reliability, customer care, billing and payment, corporate citizenship, price, and communications, reflecting the company's investment in infrastructure and innovation [2] - PSE&G also secured the top position for residential gas customer satisfaction in the East Large region, excelling in reliability, billing, and communications [3] Commitment to Excellence - The recognition from J.D. Power is based on feedback from residential customers, highlighting the dedication of PSE&G employees to customer service excellence [4] - PSE&G's legacy of customer satisfaction is further solidified by previous awards in 2023 and 2022 for both residential and business electric customer satisfaction [5] Future Focus - PSE&G aims to enhance customer experience through investments in advanced technologies, clean energy initiatives, and infrastructure improvements to meet evolving customer needs [6]
4 Best-Bargain PEG Stocks That Value Investors Love
ZACKS· 2024-12-23 14:51
With the market getting increasingly fickle on external shocks, investors are more focused on finding an investment strategy that emphasizes judging a stock's inherent potential. Needless to mention, value investment is gaining popularity day by day.  However, this apparently simple-to-understand investing strategy has historically shown dangerous outcomes a number of times because of people’s oversight of its basics.Warren Buffet, the popular value investor, believes that proper understanding of the “intri ...
PSEG Foundation Celebrates 10 Years and Nearly $8M in Grants, Empowering Communities Across New Jersey and New York
Prnewswire· 2024-12-16 13:30
The Neighborhood Partners Program has supported over 400 nonprofits in 14 counties across New Jersey and Long Island NEWARK, N.J., Dec. 16, 2024 /PRNewswire/ -- The PSEG Foundation celebrated a decade of community impact through its Neighborhood Partners Program (NPP), hosting a special event to honor more than 400 nonprofit organizations that have received nearly $8 million in grants since the program's inception. This year, the program set new records, with an 11% increase in applications and $1.2 million ...
5 Best Value Stocks With Discounted PEG to Boost Your Portfolio Return
ZACKS· 2024-11-21 15:50
Core Insights - In times of market volatility, investors are increasingly turning to value investing as a strategy to capitalize on discounted stock prices when others are selling off [1][2] Value Investing Overview - Value investing can lead to "value traps" where stocks underperform due to persistent issues rather than temporary problems [3] - Key metrics for identifying value stocks include dividend yield, P/E ratio, and P/B ratio [3] Importance of PEG Ratio - The PEG ratio, defined as (Price/Earnings)/Earnings Growth Rate, is a crucial metric for assessing a stock's intrinsic value [5] - A low PEG ratio is preferred for value investors, but it has limitations, particularly in accounting for changing growth rates over time [6] Screening Criteria for Value Stocks - Recommended criteria for selecting value stocks include: - PEG Ratio less than industry median - P/E Ratio less than industry median - Zacks Rank of 1 (Strong Buy) or 2 (Buy) - Market Capitalization greater than $1 billion - Average 20-Day Volume greater than 50,000 - Percentage Change in F1 Earnings Estimate Revisions greater than 5% - Value Score of A or B combined with a Zacks Rank of 1, 2, or 3 [7] Selected Stocks - **Ingredion Incorporated (INGR)**: A global ingredient solutions provider with 2023 annual net sales of nearly $8 billion and a five-year expected growth rate of 11% [9][10] - **Pfizer (PFE)**: A major pharmaceutical company with a long-term expected growth rate of 10.7% and a Zacks Rank of 2 [10][11] - **Leidos (LDOS)**: A leader in science and technology with a five-year expected growth rate of 14.8% and a Zacks Rank of 1 [12] - **LATAM Airlines Group (LTM)**: Provides extensive air transportation services with a long-term expected earnings growth rate of 14.2% and a Zacks Rank of 1 [13][14] - **Alibaba Group (BABA)**: A leading e-commerce giant in China with a long-term expected growth rate of 24% and a Zacks Rank of 1 [15][16]
PSEG Declares Regular Quarterly Dividend for the Fourth Quarter of 2024
Prnewswire· 2024-11-19 12:44
Group 1 - Public Service Enterprise Group (PSEG) declared a dividend of $0.60 per share for the fourth quarter of 2024, payable on or before December 31, 2024, to shareholders of record on December 10, 2024 [1] - PSEG is a predominantly regulated infrastructure company focused on a clean energy future, aiming to provide cleaner, safer, and more reliable energy [2] - PSEG has been recognized on the Dow Jones Sustainability North America Index for 16 consecutive years and is included in the 2023-2024 list of U.S. News' Best Companies to Work For [2]