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PSE&G Ranked #1 for Residential Electric in the East among Large Utilities in J.D. Power 2025 Customer Satisfaction Study for 4th Consecutive Year
Prnewswire· 2025-12-17 18:00
Core Insights - Public Service Electric & Gas (PSE&G) has been recognized as the highest-ranked utility in customer satisfaction among large electric utilities in the East Region for the fourth consecutive year according to the J.D. Power 2025 Electric Utility Residential Customer Satisfaction Study [1][2] Customer Satisfaction and Recognition - PSE&G achieved the 1 ranking for excellence across key customer experience categories, including safety and reliability, problem resolution, ease, digital channels, people, and trust, based on a survey of 127,103 residential customers [2] - The utility ranked in the top three spots in all areas of customer segments for electric and gas, specifically ranking second in the electric business residential survey and second for the gas residential study, while also placing third for the gas business [3] Commitment to Customer Service - PSE&G's recognition reflects its long-standing focus on delivering reliable and affordable power while adapting to evolving customer energy needs and expectations [4] - The company continues to invest in customer technology, infrastructure upgrades, and innovative programs aimed at strengthening system reliability and reducing outages [4] Community Engagement and Support - Throughout 2025, PSE&G participated in over 450 community events to help customers access payment assistance programs, including the Low Income Home Energy Assistance Program (LIHEAP) [5] - The utility's suite of energy efficiency programs has engaged nearly 465,000 residential and business customers, collectively saving over $720 million annually on utility bills through various initiatives [6] Future Focus - PSE&G remains dedicated to advancing customer-focused improvements and investing in energy infrastructure to support New Jersey's homes, businesses, and communities for future generations [7] Company Background - PSE&G is New Jersey's oldest and largest gas and electric delivery public utility and has won the ReliabilityOne® Award for superior electric system reliability for 24 consecutive years [8] - The company has also been recognized as an ENERGY STAR Partner of the Year for three consecutive years in the Energy Efficiency Program Delivery category [8]
Public Service Enterprise Group (PEG) – Among the Best Energy Stocks for a Retirement Portfolio
Yahoo Finance· 2025-12-10 20:16
Group 1 - Public Service Enterprise Group Incorporated (PEG) is recognized as one of the 11 energy stocks suitable for a retirement portfolio, highlighting its stability and potential for long-term investment [1][2] - PEG is primarily a regulated energy company that provides electric and gas services, indicating its focus on essential utility operations [2] - Morgan Stanley has reduced its price target for PEG from $109 to $107 while maintaining an 'Overweight' rating, reflecting a cautious outlook amid the utilities sector's underperformance in October [3] - PEG has a strong track record of increasing its distributions for 14 consecutive years, with a recent quarterly dividend announcement of $0.63 per share, showcasing its commitment to returning value to shareholders [4] - The company is undertaking a significant 5-year capital investment program valued between $22.5 billion and $26 billion, aimed at sustaining its dividend growth without the need for new equity issuance or asset sales [4] - As of the latest information, PEG offers an attractive annual dividend yield of 3.2%, making it appealing for income-focused investors [4]
Is Public Service Enterprise Stock Underperforming the S&P 500?
Yahoo Finance· 2025-12-05 13:02
Core Insights - Public Service Enterprise Group Incorporated (PEG) has a market capitalization of $40.3 billion and operates through its PSE&G and PSEG Power segments, providing electric and gas transmission and distribution services, investing in solar and energy-efficiency projects, and operating nuclear generation facilities across the U.S. [1] - As of December 31, 2024, PEG manages extensive infrastructure, including 25,000 circuit miles of transmission and distribution lines and 158 MW of installed solar capacity [2] Stock Performance - PEG shares have decreased by 12.5% from their 52-week high of $92.25 and have fallen 1.2% over the past three months, underperforming the S&P 500 Index, which gained 5.5% in the same period [3] - Year-to-date, PEG stock is down 4.4%, while the S&P 500 has increased by 16.6%. Over the past 52 weeks, PEG shares have dropped over 12%, compared to a 12.7% return for the S&P 500 [4] Financial Results - PEG reported Q3 2025 revenue of $2.37 billion, which was weaker than expected, but adjusted EPS of $1.13 exceeded consensus estimates and increased from $0.90 a year earlier. Q3 adjusted operating earnings reached $565 million, driven by $515 million from PSE&G [5] - Analysts maintain a moderately optimistic outlook on PEG, with a consensus rating of "Moderate Buy" from 20 analysts and a mean price target of $92.09, representing a 14% premium to current levels [6]
Why Is PSEG (PEG) Down 1.4% Since Last Earnings Report?
ZACKS· 2025-12-03 17:36
Core Insights - Public Service Enterprise Group Incorporated (PSEG) reported strong third-quarter 2025 earnings, with adjusted earnings per share (EPS) of $1.13, surpassing estimates by 11.9% and showing a year-over-year increase of 25.6% [3] - Total revenues reached $3.23 billion, exceeding the consensus estimate by 18.2% and reflecting a 22.1% increase from the previous year [4] - The company has revised its 2025 adjusted earnings guidance to a range of $4.00-$4.06 per share, slightly narrowing from the previous range [11] Financial Performance - PSEG's operating income was $855 million, a 33.4% increase from the prior year, while total operating expenses rose by 18.5% to $2.37 billion [7] - The long-term debt as of September 30, 2025, was $22.54 billion, up from $21.11 billion at the end of 2024 [9] - Net cash flow from operating activities for the first nine months of 2025 was $2.58 billion, compared to $1.77 billion in the same period of 2024 [10] Sales Volume - Electric sales volume decreased by 1% year-over-year to 11,804 million kilowatt-hours, with residential sales down 2% and commercial and industrial sales down 1% [5] - Gas sales volume saw a 7% decline to 404 million therms, although total gas sales experienced a 4% increase in firm sales volume [6] Segment Performance - The PSE&G segment reported a net income of $515 million, up from $379 million in the same quarter of the previous year [8] - The PSEG Power & Other segment's adjusted operating income was $107 million, down from $141 million year-over-year [8] Market Outlook - Estimates for PSEG have been trending upward since the earnings release, indicating positive investor sentiment [12] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [14] - In comparison, Edison International, a peer in the electric power industry, reported a year-over-year revenue increase of 10.6% and has a Zacks Rank of 2 (Buy) [15][16]
Top 4 Low-PEG Value Stocks Ready to Outperform the Market
ZACKS· 2025-12-01 21:01
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 [1][3] Value Investment Strategy - Value investing allows investors to purchase stocks at lower prices during market uncertainty, presenting opportunities for long-term gains [1] - The strategy can lead to "value traps" if not properly understood, where stocks underperform due to persistent issues rather than temporary setbacks [3] Importance of PEG Ratio - The PEG ratio, defined as (Price/Earnings)/Earnings Growth Rate, is a crucial metric for value investors, with a lower PEG ratio indicating better value [5] - The PEG ratio helps identify intrinsic stock value, although it has limitations, such as not accounting for changing growth rates over time [5] 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, and a Zacks Rank of 1 or 2 [6] - Additional criteria include a market capitalization greater than $1 billion, an average 20-day trading volume exceeding 50,000, and upward revisions in earnings estimates by more than 5% [6] Selected Value Stocks - The Allstate Corporation (ALL), Telefonica, S.A. (TEF), Enersys (ENS), and Commercial Metals Co. (CMC) are highlighted as low-PEG value stocks that meet strict screening criteria [7] - Each of these companies demonstrates a combination of discounted valuation, solid growth metrics, and strong Style Scores, along with rising earnings estimates [7] Company Profiles - **Allstate Corporation (ALL)**: The third-largest property-casualty insurer in the U.S. with a five-year expected growth rate of 18.9% and a Zacks Rank of 1 [9][10] - **Telefonica, S.A. (TEF)**: A major telecommunications provider in Europe and Latin America, with a five-year expected growth rate of 28.1% and a Zacks Rank of 2 [10][11] - **Enersys (ENS)**: Engaged in manufacturing industrial batteries, with a long-term historical growth rate of 16.5% and a Zacks Rank of 2 [11][12] - **Commercial Metals Co. (CMC)**: A manufacturer and recycler of steel products, boasting a five-year expected growth rate of 25.6% and a Zacks Rank of 1 [13][14]
Public Service Enterprise Group (PEG) Declares Dividend of $0.63 per Share
Yahoo Finance· 2025-11-23 04:20
Group 1 - Public Service Enterprise Group Incorporated (PEG) is recognized as one of the 14 Best Utility Dividend Stocks to Buy Now [1] - PEG declared a quarterly dividend of $0.63 per share, with a record date of December 10, 2025, and payment scheduled for December 31, 2025 [2][3] - The company has a strong dividend history, maintaining dividends for 118 consecutive years, reflecting its commitment to shareholders [3] Group 2 - PEG reported better-than-expected third-quarter results, showing double-digit year-over-year growth in both revenue and profits, attributed to new electric and gas base distribution rates effective from October 2024 [4] - The company narrowed its FY 2025 earnings guidance to a range of $4 to $4.06 per share, up from a previous range of $3.94 to $4.06 per share [4] - PEG reaffirmed its adjusted operating earnings growth outlook of 5% to 7% through 2029, supported by a capital investment program of $22.5 billion to $26 billion over five years [5]
PSEG Gains Momentum Through Smart Investments and Clean Energy Plans
ZACKS· 2025-11-20 14:35
Core Insights - Public Service Enterprise Group, Inc. (PSEG) is focusing on renewable energy expansion to enhance its position in the clean energy market while investing in infrastructure upgrades for improved reliability [1][8] - The company is experiencing growth due to the nationwide increase in clean energy investments, particularly in solar, wind, and storage projects [2] - PSEG plans to invest approximately $3.8 billion in 2025 and between $22.5 billion to $26 billion from 2025 to 2029 to support its clean energy initiatives and infrastructure resilience [3][8] - PSEG aims to achieve net-zero carbon emissions by 2030 through various initiatives, including energy efficiency programs and expanding electric vehicle infrastructure [4][8] Investment and Growth Plans - The company is set to invest $3.8 billion in 2025 for infrastructure upgrades, energy efficiency, electrification projects, and load growth [3] - PSEG expects a compounded annual growth of 6-7.5% in its rate base from 2025 to 2029 due to these investments [3] Environmental Initiatives - PSEG is implementing measures to reduce greenhouse gas emissions, including energy efficiency programs and enhancing grid resiliency [4] - The company is focused on improving customer energy efficiency and expanding storage to support solar output [4] Financial Position - As of September 30, 2025, PSEG has a long-term debt of $22.54 billion and a cash balance of $0.33 billion, indicating a weak solvency position [6] - The current debt value stands at $1.7 billion, further highlighting financial challenges [6] Stock Performance - Over the past six months, PEG shares have increased by 4.1%, while the industry has seen a growth of 11.9% [7]
PSEG Declares Regular Quarterly Dividend for the Fourth Quarter of 2025
Prnewswire· 2025-11-18 13:00
Core Points - Public Service Enterprise Group's Board of Directors declared a dividend of $0.63 per share for the fourth quarter of 2025 [1] Company Summary - The dividend is applicable to the outstanding common stock of the company [1]
On Utility Scam Awareness Day, PSEG Long Island Urges Customers to 'Slow Down. Verify. Stop the Scam.
Prnewswire· 2025-11-17 18:15
Core Points - Scammers are exploiting the holiday season by impersonating PSEG Long Island and demanding immediate payments to prevent power shutoffs [1][3] - The theme for Utility Scam Awareness Day is "Slow Down. Verify. Stop the Scam," encouraging customers to be vigilant against utility impostor scams [3][13] - PSEG Long Island does not accept payments through external web-based services, prepaid debit cards, or Bitcoin, and customers should verify any suspicious requests directly with the company [7][9] Customer Awareness - Scammers often use urgency and threats to pressure customers into making hasty decisions, and the "Slow Down, Verify, Stop the Scam" framework is designed to help customers pause and confirm requests [3][7] - In-person scammers may go door-to-door, impersonating utility employees and asking for personal information or offering fake discounts [5][6] - Customers should not let anyone into their homes without verifying their identity and should call PSEG Long Island if they have doubts [6][11] Scam Tactics - Phone scammers frequently use spoofing technology to disguise their numbers as PSEG Long Island, threatening immediate power shutoff unless payment is made [7][8] - Some scammers place fraudulent QR code stickers on public electric vehicle charging stations, directing users to fake websites that request personal information [9][10] - PSEG Long Island representatives will only discuss account details with the Customer of Record and will not ask for personal information over the phone [11][12] Company Initiatives - PSEG Long Island is a member of Utilities United Against Scams, which works to raise awareness of common scams and has helped shut down over 14,830 scam numbers [13][14] - The company operates under a long-term contract with the Long Island Power Authority and is a subsidiary of Public Service Enterprise Group Inc. [14]
PSEG Long Island Tops the J.D. Power 2025 Business Customer Satisfaction Study in the East Large Segment
Prnewswire· 2025-11-12 17:33
Core Insights - PSEG Long Island has achieved the highest customer satisfaction ranking among business customers in the East Large Segment according to the J.D. Power 2025 Electric Utility Business Customer Satisfaction Study, marking a significant improvement over the past 11 years [1][3] Customer Satisfaction - The company ranked 1 in four key categories: Digital Channels, People, Cost, and Information Provided, as rated by business customers in the J.D. Power survey [3] Customer Base - PSEG Long Island serves approximately 1.2 million electric customers, including over 130,000 commercial customers [3] Programs and Incentives - The company offers various programs for business customers, such as free energy assessments, economic development grants, bill credit programs, energy efficiency rebates, and incentives for electric vehicles and chargers [4] - PSEG Long Island has provided over $2.8 million in economic development initiatives since 2018 to support local business owners [5] Main Street Revitalization Grants - The Main Street Revitalization program has awarded nearly $2 million in grants to 72 businesses, resulting in the creation of approximately 1,200 new jobs [6] - The program incentivizes businesses to undertake renovation or expansion projects to stimulate local economic growth [6] Additional Support Programs - The Vacant Space Revival program offers up to $10,000 in electric bill discounts for new businesses during their first year, with over $400,000 distributed to more than 170 new businesses since 2018 [7] - Local business groups can also apply for improvement and beautification grants of up to $10,000 under the CommunityThrive Program [8][9] Energy Efficiency Initiatives - PSEG Long Island's Energy Efficiency group provides significant rebates for various energy-saving measures, helping business owners reduce costs and carbon footprints [10]