PSE&G files updated proposal to offer additional short-term assistance, while standing ready for long-term solutionsNEWARK, N.J., May 15, 2025 /PRNewswire/ -- PSE&G today announced that it is amending its May 7, 2025 filing with the New Jersey Board of Public Utilities (BPU) to provide additional short-term relief for mitigating the impact of recent significant increases in electric supply costs caused by PJM's high capacity market prices. In the filing, PSE&G is responding to requests for temporary solutio ...

Core Insights - The article discusses the investment strategy of GARP (Growth at a Reasonable Price) as a hybrid approach that combines elements of both value and growth investing, particularly in uncertain market conditions [2][3][5]. Investment Strategy - GARP investing prioritizes the PEG (Price/Earnings Growth) ratio, which relates a stock's P/E ratio to its future earnings growth rate, providing a more comprehensive view of a stock's potential [5][6]. - A lower PEG ratio, ideally below 1, indicates both undervaluation and future growth potential, making it attractive for GARP investors [6]. Stock Performance - Several stocks have shown significant success using the GARP strategy, including Takeda Pharmaceutical, Five9, LATAM Airlines, and Mizuho Financial Group [4]. - Takeda Pharmaceutical has a Zacks Rank of 1, a Value Score of A, and a long-term expected growth rate of 35% [11]. - Five9 holds a Zacks Rank of 2, a Value Score of B, and a historical growth rate of 19.3% [13]. - LATAM Airlines also has a Zacks Rank of 1, a Value Score of A, and an expected growth rate of 14.8% [14]. - Mizuho Financial has a Zacks Rank of 2, a Value Score of B, and a long-term expected growth rate of 15.9% [16]. Screening Criteria - Effective GARP investing involves screening for stocks with a PEG ratio less than the industry median, a P/E ratio below the industry median, a Zacks Rank of 1 or 2, a market capitalization greater than $1 billion, and an average 20-day trading volume exceeding 50,000 [8][9].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO | | | State or other | | | --- | --- | --- | --- | | | | jurisdiction of | | | Commission | | Incorporation or | I.R.S. Employer | | File ...

Core Viewpoint - In times of market volatility, value investing becomes a preferred strategy as investors seek to buy undervalued stocks when others are selling at lower prices [1][2]. Value Investing Strategy - Value investors capitalize on market uncertainty by purchasing stocks at discounted prices when other investors sell [1]. - The strategy can lead to "value traps" if not understood properly, where stocks underperform due to persistent issues rather than temporary problems [3]. Importance of PEG Ratio - The PEG ratio, defined as (Price/Earnings)/Earnings Growth Rate, is a crucial metric for value investors, as a low PEG ratio indicates better value [5]. - Unlike P/E alone, the PEG ratio helps identify a stock's intrinsic value, although it has limitations regarding changing growth rates [5]. Screening Criteria for Value Stocks - Effective screening for value stocks includes criteria such as: - PEG Ratio less than industry median - P/E Ratio less than industry median - Zacks Rank 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 [6]. Selected Stocks - **Barrick Gold (GOLD)**: A leading gold mining company with 3.9 million ounces of gold and 195,000 tons of copper produced in 2024, holding 89 million ounces of proven and probable gold reserves. It has a Zacks Rank 2 and a Value Score of A, with a five-year expected growth rate of 33.5% [8][9]. - **StoneCo (STNE)**: A financial technology company in Brazil providing various financial services. It has a Zacks Rank 1 and a Value Score of B, with a long-term expected growth rate of 26.3% [9][10]. - **Synovus Financial (SNV)**: A diverse financial services company with a Zacks Rank 2 and a Value Score of A, boasting a five-year expected growth rate of 10.2% [11][12]. - **BGC Group, Inc. (BGC)**: A financial brokerage and technology company with a long-term expected earnings growth rate of 24.7%, holding a Value Score of B and a Zacks Rank of 1 [12][13].

Public Service Enterprise Group (PEG) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. My name is Shamali, and I am your event operator today. I would like to welcome everyone to today's conference Public Service Enterprise Group's First Quarter twenty twenty five Earnings Conference Call and Webcast. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session for members of the financial community. ...

Financial Data and Key Metrics Changes - PSEG reported net income of $1.18 per share for Q1 2025, up from $1.06 per share in 2024, while non-GAAP operating earnings increased to $1.43 per share from $1.31 per share in the previous year [15][16] - Overall results benefited from regulatory recovery and seasonal gas revenues, with a notable increase in nuclear generation performance [6][8] Business Line Data and Key Metrics Changes - PSE&G's net income and non-GAAP operating earnings for Q1 2025 were $546 million, compared to $488 million in 2024, driven by new electric and gas distribution rates [16] - Distribution margin increased by $0.20 per share due to the rate case and recovery of energy efficiency investments, while O&M expenses rose by $0.05 per share due to inflation and cold weather [17][18] Market Data and Key Metrics Changes - The Basic Generation Service (BGS) default rate is set to increase residential electric bills by 17% starting June 1, largely due to auction results and true-ups from previous years [9][10] - PSEG's combined electric and gas bill remains competitive compared to other utilities in New Jersey, with high reliability metrics and customer satisfaction rankings [10][11] Company Strategy and Development Direction - PSEG's capital investment plan for 2025 focuses on infrastructure modernization and energy efficiency, with a five-year capital spending program of $21 billion to $24 billion [13][18] - The company is exploring new generation opportunities in New Jersey, including potential legislative changes to allow regulated utilities to build and own new generation [12][60] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by rising energy prices and the need for new generation supply to address resource adequacy issues in New Jersey [10][32] - PSEG reiterated its full-year non-GAAP operating earnings guidance of $3.94 to $4.06 per share, reflecting a 5% to 7% CAGR through 2029 based on capital investment execution [13][24] Other Important Information - PSEG has total available liquidity of $4.6 billion, including $900 million in cash, following significant bond market access [22][23] - The company is actively working with the New Jersey Board of Public Utilities to mitigate customer bill impacts from the BGS increase [9][60] Q&A Session Summary Question: Timeline for large load interconnection and resource adequacy in New Jersey - Management indicated that interconnections are happening at different stages, with ongoing discussions about resource adequacy and legislative changes [29][30][34] Question: Demand perspective from large load customers - Management noted continued demand for power, particularly nuclear, despite market uncertainties [44][45][46] Question: Updates on LiPA contract discussions - Management confirmed ongoing consideration for the contract, with a board meeting scheduled for May 22 to discuss next steps [51][52] Question: Strategy for managing affordability concerns - Management emphasized collaboration with the Board of Public Utilities and proposed solutions to mitigate customer impacts, including energy efficiency programs [58][60][99] Question: Status of nuclear capacity contracts with data centers - Management clarified that discussions are not contingent on the FERC process, but that flexibility is desired [64][67] Question: Capacity pricing and customer bill growth - Management expressed expectations for capacity prices to remain stable, with no significant increases anticipated for customers [83][84][88] Question: Offshore wind impacts on transmission planning - Management stated no direct impacts from exiting offshore wind, but emphasized the need for accurate planning to address future resource adequacy [89][90]

PSEG (PEG) came out with quarterly earnings of $1.43 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.05%. A quarter ago, it was expected that this parent company of PSEG Power and Public Service Electric & Gas Co. Would post earnings of $0.83 per share when it actually produced earnings of $0.84, delivering a surprise of 1 ...

Public Service Enterprise Group FIRST QUARTER 2025 NYSE: PEG Financial Results Presentation April 30, 2025 PSEG First Quarter 2025 Net Income, which is an indicator of financial performance determined in accordance with GAAP. In addition, non-GAAP Operating Earnings as presented in this report may not be comparable to similarly titled measures used by other companies. Forward-Looking Statements Certain of the matters discussed in this report about our and our subsidiaries' future performance, including, wit ...

Financial Performance - PSEG reported a net income of $589 million for Q1 2025, an increase from $532 million in Q1 2024, resulting in earnings per share of $1.18 compared to $1.06 in the previous year[2]. - Non-GAAP operating earnings for Q1 2025 were $718 million, up from $657 million in Q1 2024, with earnings per share of $1.43 compared to $1.31[2]. - The increase in PSE&G's net income reflects new electric and gas base distribution rates implemented in October 2024, contributing to higher revenue collection during winter months[8]. - Net income for Q1 2025 was $589 million, compared to $532 million in Q1 2024, reflecting an increase of 10.7%[27]. - Operating earnings (non-GAAP) for Q1 2025 were $718 million, up from $657 million in Q1 2024, indicating a growth of 9.3%[38]. - Operating revenues for the three months ended March 31, 2025, increased to $3,222 million, up from $2,760 million in the same period of 2024, representing a growth of 16.7%[22]. Capital Investment and Growth Outlook - The company maintains its 2025 non-GAAP operating earnings guidance of $3.94 - $4.06 per share[1]. - PSEG's regulated capital investment plan for 2025 focuses on infrastructure replacement and modernization, with over $3 billion invested in electric and gas systems in recent years[4][8]. - PSEG aims for a compound annual growth outlook of 5% to 7% for non-GAAP operating earnings from 2025 to 2029[6]. Sales and Demand - Electric sales for residential customers increased by 6% to 3,290 million kWh in Q1 2025 compared to Q1 2024[29]. - Total gas sales increased by 7% to 1,372 million therms in Q1 2025, with residential sales rising by 14%[31]. - The company experienced a quarterly increase in large load inquiries for new service connections, totaling over 6,400 MW of capacity requested as of March 31[4]. Expenses and Debt - Total operating expenses for Q1 2025 were $2,425 million, compared to $2,075 million in Q1 2024, an increase of 16.9%[22]. - The company reported a total debt of $23,398 million as of March 31, 2025, up from $22,707 million at the end of 2024[25]. Stock Performance and Dividends - PSEG declared a first-quarter common stock dividend of $0.63 per share, representing an indicative annual rate of $2.52 per share, a 5% increase for 2025[6]. - The stock price at the end of Q1 2025 was $82.30, compared to $66.78 at the end of Q1 2024, reflecting a year-over-year increase of 23.2%[36]. - The dividend yield for Q1 2025 was 3.1%, down from 3.6% in Q1 2024[36]. - The weighted average common shares outstanding for Q1 2025 were 500 million, unchanged from Q1 2024[38]. Operational Efficiency - PSEG Nuclear generated approximately 8.4 terawatt hours of energy in Q1 2025, achieving a capacity factor of 99.9%[6]. - PSEG's focus on cost management and financial flexibility supports its strategic goals and capital investment plans[6].

Core Viewpoint - PSEG is expected to report quarterly earnings of $1.46 per share, an 11.5% increase year-over-year, with revenues projected at $2.85 billion, reflecting a 3.3% increase from the previous year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised downward by 2.6% over the past 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between earnings estimate trends and short-term stock performance [3]. Key Metrics - Analysts estimate 'Revenue- PSE&G' will reach $2.50 billion, a 7.2% increase from the prior-year quarter [5]. - The consensus for 'Revenue- Power & Other' is $591.45 million, indicating a significant decrease of 32.2% from the prior-year quarter [5]. - 'Electric sales' are projected at 10,130.81 KWH, up from 9,731 KWH in the previous year [5]. Stock Performance - PSEG shares have increased by 1.3% in the past month, contrasting with the Zacks S&P 500 composite's decline of 4.8% [6]. - PSEG holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6].