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With Winter Heating Season Nearing, PSEG Long Island Hosts Community Events to Help Customers Struggling with Bills
Prnewswire· 2025-10-27 17:45
Core Viewpoint - PSEG Long Island is organizing community events to assist customers in applying for state and federal financial aid programs to help manage utility bills as winter approaches [1][2]. Group 1: Community Events - Three community events are scheduled to connect customers with financial assistance resources, including free items like LED light bulbs [2]. - The events will take place on November 3, November 6, and November 13, 2025, at various locations, with the first 200 attendees receiving fresh produce from Long Island Cares [2]. Group 2: Financial Assistance Programs - PSEG Long Island encourages customers struggling with bills to reach out for help, including enrolling in deferred payment agreements [1][3]. - The Residential Energy Affordability Partnership Program offers free home energy surveys and potential energy-saving installations for income-eligible customers [3]. - The Household Assistance Program can provide discounts of up to $78 per month for eligible customers who have received HEAP benefits [3][4]. Group 3: HEAP and Emergency Assistance - The Home Energy Assistance Program (HEAP) offers heating fuel grants based on income and household size, with a family of four qualifying with a maximum gross monthly income of $6,680 [4]. - Emergency HEAP grants are available to help low- and middle-income New Yorkers avoid heating disconnections, with applications opening on January 2, 2026 [4]. Group 4: Energy Efficiency Tips - PSEG Long Island provides various tips for customers to lower their energy bills, such as using programmable thermostats and replacing incandescent bulbs with LED bulbs [8]. - Recommendations include sealing windows, using ceiling fans, and running high-energy appliances during off-peak hours to save on energy costs [8].
Public Service Enterprise Group (PEG) – Price Target Raised at Morgan Stanley
Yahoo Finance· 2025-10-25 04:57
Group 1 - Public Service Enterprise Group Incorporated (PEG) is recognized as one of the 12 Best Utility Stocks to Buy for Dividends [1] - Morgan Stanley raised its price target for PEG from $103 to $109, maintaining an 'Overweight' rating, reflecting a positive outlook for the utility sector [2][3] - PEG is executing a 5-year capital spending plan ranging from $22.5 billion to $26 billion, aiming for a compound annual growth rate (CAGR) of adjusted operating earnings between 5% to 7% through 2029 [4] Group 2 - PEG has a strong commitment to shareholders, having paid dividends for 118 consecutive years, with a recent 5% increase in its quarterly dividend to $0.63 per share, marking the 14th annual increase [5]
4 Low-PEG GARP Stocks That Perfectly Balance Growth and Value
ZACKS· 2025-10-23 20:00
Core Insights - The current market environment has made hybrid investment strategies particularly relevant due to elevated volatility and global policy uncertainty, with a blended earnings growth rate for the S&P 500 in Q3 2025 at 13.7% and 86.9% of companies exceeding EPS estimates [1][2] Group 1: Investment Strategies - A gradual shift in Federal Reserve policy towards rate easing is stabilizing discount-rate pressure, improving the risk-reward balance for fundamentally strong companies [2] - The GARP (Growth at a Reasonable Price) investment strategy combines growth and value investing principles, focusing on stocks that are undervalued yet have solid growth potential [4][6] - GARP investing prioritizes the PEG (Price/Earnings to Growth) ratio, which relates P/E ratios to future earnings growth rates, with a lower PEG ratio indicating better investment potential [6][7] Group 2: Stock Analysis - Carnival Corporation (CCL) is the largest cruise operator globally, with a Zacks Rank of 1 and a Value Score of A, showing a long-term historical growth rate of 28.5% [12][13] - Micron Technology (MU) is a leading provider of semiconductor memory solutions, also holding a Zacks Rank of 1 and a Value Score of B, with a long-term expected growth rate of 28.5% [14][15] - Synchrony Financial (SYF) offers a range of credit products and has a Zacks Rank of 2 and a Value Score of A, with a solid long-term historical growth rate of 13.1% [16][17] - Ericsson (ERIC) is a major player in telecommunications, holding a Zacks Rank of 2 and a Value Score of B, with a long-term expected growth rate of 8.4% [17][18]
All You Need to Know About PSEG (PEG) Rating Upgrade to Buy
ZACKS· 2025-10-23 17:01
Core Viewpoint - PSEG (PEG) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with stock price movements, particularly influenced by institutional investors [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling actions that affect stock prices [4]. Recent Performance and Outlook - PSEG's earnings estimates have been rising, reflecting an improvement in the company's underlying business, which is expected to drive the stock price higher [5][10]. - The Zacks Consensus Estimate for PSEG indicates an expected earnings of $4.02 per share for the fiscal year ending December 2025, with a slight increase of 0.4% in estimates over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - PSEG's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].
Public Service Enterprise Group (PEG) – Among the Best Nuclear Power Dividend Stocks to Buy Now
Yahoo Finance· 2025-10-16 19:10
Group 1 - Public Service Enterprise Group Incorporated (PEG) is recognized as one of the 12 best nuclear power dividend stocks to buy now, highlighting its strong position in the nuclear energy sector [1][2] - PEG operates primarily as a regulated energy company, providing electric and gas services, and is involved in nuclear energy through its subsidiary PSEG Power, which manages nuclear generating assets [2] - The company had a strong performance in Q2 2025, exceeding expectations in both earnings and revenue, with nuclear output increasing to 7,511 gigawatt-hours (GWh) compared to 7,007 GWh in Q2 2024, and reaching 15.9 terawatt-hours (TWh) for the first half of the year [4] Group 2 - PEG has a long-standing commitment to shareholders, having paid dividends for 118 consecutive years, and recently raised its quarterly dividend by 5% to $0.63 per share, marking its 14th consecutive annual increase [5] - The current annual dividend yield for PEG stands at 3.08%, indicating a solid return for investors [5] - Evercore ISI initiated coverage of PEG with an 'In Line' rating and a price target of $83, suggesting potential involvement in the PJM data center buildout [3]
Earnings Preview: What To Expect From Public Service Enterprise Group's Report
Yahoo Finance· 2025-10-16 06:36
Core Insights - Public Service Enterprise Group Incorporated (PEG) is a diversified electric and gas utilities company with a market cap of $41.1 billion, operating through PSE&G and PSEG Power segments [1] - PEG is expected to report a profit of $1 per share for Q3, reflecting an 11.1% increase from $0.90 per share in the same quarter last year [2] - For the full fiscal 2025, PEG's EPS is projected to be $4.02, a 9.2% increase from $3.68 in 2024, with further growth expected in fiscal 2026 to $4.34 per share [3] Financial Performance - PEG's stock has declined 3.9% over the past 52 weeks, underperforming the Utilities Select Sector SPDR Fund's 15.3% gains and the S&P 500 Index's 14.7% returns [4] - Despite better-than-expected Q2 results, PEG's stock fell 2.2% following the earnings release, with a 15.8% year-over-year increase in topline to $2.8 billion, exceeding consensus estimates by 19.6% [5] Market Sentiment - Investors are concerned about PEG's rising debt and increased finance costs, along with uncertainties regarding the nuclear production tax credit benefits [6] - Analysts maintain a consensus "Moderate Buy" rating for PEG, with a mean price target of $91.27 indicating a 7.7% upside potential from current levels [7]
PSEG To Announce Third Quarter 2025 Financial Results On November 3
Prnewswire· 2025-10-14 11:30
Core Viewpoint - Public Service Enterprise Group Incorporated (PSEG) will host its third quarter 2025 earnings call on November 3, 2025, to discuss financial results, guidance, capital investments, regulatory activities, and other significant matters with the financial community [1]. Company Overview - PSEG is a predominantly regulated infrastructure company operating 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 an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units located in New Jersey and Pennsylvania [3]. - PSEG aims to power a future with reduced energy consumption that is cleaner, safer, and more reliable, guided by its "Powering Progress" vision [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]. Investor Relations - The audio webcast of the earnings call can be accessed on PSEG's Investor Relations website, along with presentation materials [2]. - A replay of the audio webcast and accompanying materials will be available by November 4 [2]. - Investors are encouraged to visit the Investor Relations website for important updates and can sign up for automatic email alerts regarding new postings [4].
What Makes Public Service Enterprise Group (PEG) a Good Buy Amid the Nuclear Renaissance
Yahoo Finance· 2025-10-11 15:24
Core Insights - Public Service Enterprise Group Incorporated (PEG) is recognized as one of the best nuclear power stocks to buy according to analysts [1] - The company has a strong commitment to shareholders, demonstrated by a 5% increase in its annual dividend to $2.52 per share, marking the 14th consecutive annual increase [2] - PEG's nuclear fleet generated approximately 7.5 terawatt hours (TWh) in Q2 2025, an increase of 0.5 TWh compared to the same period in 2024, totaling 15.9 TWh for the first half of the year [2] Financial Performance - PEG updated its five-year capital spending program from $21 billion to $24 billion, supporting an expected rate base CAGR of 6% – 7.5% through 2029 [2] - This capital program is projected to drive the company's non-GAAP operating earnings CAGR to 5% – 7% at the nuclear production tax credit (PTC) threshold [2] - PEG has maintained a consistent dividend payment for 118 consecutive years, with an annual dividend yield of 3.08% as of the report [2] Strategic Outlook - The company intends to execute its capital program without issuing new equity or selling assets, indicating a strong financial strategy [2] - While PEG shows potential as an investment, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [2]
Top 4 PEG-Rated GARP Picks Blending Value With Growth Potential
ZACKS· 2025-09-29 14:56
Core Insights - The article discusses the importance of a hybrid investment strategy that combines growth and value investing principles, particularly in uncertain market conditions [1][3][5]. GARP Investment Strategy - GARP (Growth at a Reasonable Price) investing merges growth and value investing, focusing on stocks that are undervalued yet have sustainable growth potential [2][3]. - The PEG (Price/Earnings Growth) ratio is a key metric for GARP investors, helping to identify stocks with solid future potential by relating P/E ratios to future earnings growth rates [5][6]. Stock Performance and Selection Criteria - Several stocks have shown significant success using the GARP strategy, including Micron Technology, StoneCo, PagSeguro Digital, and Daktronics [4][11][13][15][17]. - Stocks selected for GARP investment should meet specific 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 (Strong Buy) or 2 (Buy) [8][10]. Individual Stock Analysis - **Micron Technology (MU)**: A leading provider of semiconductor memory solutions with a long-term expected growth rate of 28.5% and a Zacks Rank of 1 [11][12]. - **StoneCo (STNE)**: A Brazilian fintech company with a long-term expected growth rate of 30.3% and a Zacks Rank of 2 [13][14]. - **PagSeguro Digital (PAGS)**: Offers a range of financial services with a long-term expected growth rate of 14.2% and a Zacks Rank of 1 [15][16]. - **Daktronics (DAKT)**: Specializes in electronic displays with a historical growth rate of 59.5% and a Zacks Rank of 1 [17][18].
PSEG Long Island to Continue Serving Long Island and the Rockaways for the Next Five Years
Prnewswire· 2025-09-25 16:54
Core Points - The Long Island Power Authority (LIPA) Board of Trustees has awarded PSEG Long Island a five-year extension of its contract to operate the electric grid on Long Island and in the Rockaways, continuing a partnership that has lasted for 12 years [1][2] - The new operations services agreement will commence on January 1, 2026, and will run through December 31, 2030 [2] - PSEG Long Island has been recognized as the No. 1 overhead electric service provider in New York State in terms of reliability and customer satisfaction since it began operations in 2014 [3] Performance Metrics - PSEG Long Island has achieved a 35% reduction in the frequency of outages (SAIFI), a 21% reduction in the duration of outages (SAIDI), and a 63% reduction in the frequency of momentary outages (MAIFI) [7] - The company has improved workforce safety by over 75%, as measured by the OSHA Recordable Incident Rate [7] - PSEG Long Island has maintained the lowest Department of Public Service (DPS) complaint rate for electric and combined utilities in New York State for nine out of the last eleven years [7] - The company has been recognized as the most improved in J.D. Power Residential and Business Customer Satisfaction scores nationally [7] - PSEG Long Island has implemented the lowest rate increases for customers compared to regional peers [7] Company Overview - Public Service Enterprise Group (PSEG) is a predominantly regulated infrastructure company focused on a clean energy future and has been included in the Dow Jones Sustainability North America Index for 17 consecutive years [5] - PSEG aims to power a future where energy usage is reduced, cleaner, safer, and delivered more reliably [5] - PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power, and PSEG Long Island [5]