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 ...

At a time when volatility strikes every second day, investors often rely on value investing rather than other options like growth or momentum. As soon as other investors start selling their stocks at a cheaper rate in times of market uncertainty, value investors take this as an opportunity to pick good stocks at a discounted price.Several stocks that have surged significantly in the recent past have shown the overwhelming success of this pure-play investment strategy. Here, we discuss five such stocks — Ing ...

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]

Core Viewpoint - The article discusses the anticipated increase in volatility in the equity market following the presidential election results, particularly with Trump's return to the White House being confirmed [1][2]. Investment Strategy - Investors are advised to adopt a hybrid investment strategy to navigate the expected volatility, allowing for a balanced approach between growth and value investing [2][5]. GARP Investing - The article highlights the shift towards GARP (Growth at a Reasonable Price) investing, which combines growth and value investing principles, focusing on stocks that are undervalued yet have solid growth potential [3][5]. Stock Performance - Five stocks are identified as successful examples of the hybrid investing strategy: Alibaba Group (BABA), Pfizer (PFE), Virtu Financial (VIRT), Leidos (LDOS), and Brinker International (EAT) [4]. Stock Analysis - **Alibaba Group (BABA)**: Transformed from a traditional e-commerce company to a conglomerate with diverse businesses, showing strong momentum in international commerce retail with a long-term expected growth rate of 26.5% [11][12]. - **Pfizer (PFE)**: The company has a robust portfolio in biopharma, with significant growth in non-COVID operational revenues and a long-term expected growth rate of 10.7% [13][14]. - **Virtu Financial (VIRT)**: A market leader in financial services with a growth rate of 23.6% for the next five years, supported by a strong value score [15][16]. - **Leidos (LDOS)**: A leader in science and technology for defense and intelligence, with a solid backlog of $40.56 billion and a long-term expected growth rate of 12.5% [17][18]. - **Brinker International (EAT)**: Operates popular restaurant brands and is focused on driving traffic and revenues, with a long-term expected growth rate of 16.4% [19][20].

Core Viewpoint - PSEG Long Island is actively promoting various assistance programs to help customers struggling with utility bills as the winter heating season approaches, emphasizing the importance of energy efficiency and available financial aid [1][3][4]. Assistance Programs - PSEG Long Island encourages customers with past-due accounts to contact them for tailored deferred payment agreements [4]. - The Residential Energy Affordability Partnership Program (REAP) offers free energy-saving services to income-eligible customers, including home energy surveys and installations of energy-saving measures [5]. - New York State's Home Energy Assistance Program (HEAP) provides heating fuel grants based on income and household size, with a family of four eligible if their gross monthly income does not exceed $6,390 [6]. - Emergency HEAP grants are available to help low- and middle-income New Yorkers avoid heating disconnections, with applications opening on January 2, 2025 [7]. - Eligible homeowners can apply for up to $4,000 for heating equipment repairs or $8,000 for replacements, along with energy efficiency services [7]. Energy Efficiency Tips - Customers are advised to seal windows and doorframes to prevent drafts and save energy [8]. - Using ceiling fans in winter can help circulate warm air, and lowering thermostats by a few degrees can significantly reduce heating bills [9]. - Programmable thermostats can save approximately $100 annually for homes with high heating and cooling bills [10]. - Replacing incandescent bulbs with LED bulbs can reduce lighting energy consumption by up to 90% [11]. - Reducing "phantom power" by using energy-efficient power strips or unplugging devices can also contribute to lower bills [12]. - Installing high-efficiency air source heat pumps can lower energy usage, with rebates available for qualifying customers [13].

Public Service Enterprise Group THIRD QUARTER 2024 NYSE: PEG Financial Results Presentation November 4, 2024 PSEG Third Quarter 2024 Forward-Looking Statements Certain of the matters discussed in this presentation about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences, and all other statements that are not purely historical constitute "forward-looking statements" within the meaning of the Private Securities Litigation ...

Core Insights - Public Service Enterprise Group (PSEG) reported strong financial results for Q3 2024, with net income of $520 million, or $1.04 per share, and non-GAAP operating earnings of $448 million, or $0.90 per share [1][5][19] - The company narrowed its full-year 2024 non-GAAP operating earnings guidance from a range of $3.60 to $3.70 per share to $3.64 to $3.68 per share [2][4] - PSEG successfully resolved two major regulatory filings, including PSE&G's first base rate case in six years, which will provide an additional $505 million in annual revenues [3][5] Financial Performance - PSEG's Q3 2024 net income increased significantly from $139 million in Q3 2023 to $520 million, while diluted earnings per share rose from $0.27 to $1.04 [5][19] - Non-GAAP operating earnings for Q3 2024 were $448 million, compared to $425 million in Q3 2023, reflecting a growth in operating performance [5][22] - The company reported a total capital investment of approximately $1 billion in Q3 2024, bringing year-to-date capital spending to $2.7 billion, on track to exceed the full-year investment plan of $3.5 billion [7][25] Regulatory Developments - The New Jersey Board of Public Utilities approved PSE&G's multiparty settlement for its base electric and gas distribution rate case, effective October 15, which includes a return on equity of 9.6% and a higher equity ratio of 55% [5][6] - PSE&G's Clean Energy Future-Energy Efficiency (CEF-EE II) program was also approved, authorizing a $1.9 billion investment program aimed at energy efficiency [5][6] Segment Performance - PSEG's Public Service Electric and Gas segment reported net income of $379 million in Q3 2024, down from $401 million in Q3 2023, primarily due to higher depreciation and interest expenses [6][7] - The PSEG Power & Other segment showed a significant turnaround, with a net income of $141 million in Q3 2024 compared to a loss of $262 million in Q3 2023, driven by improved energy margin contributions and federal nuclear production tax credits [7][36] Future Outlook - PSEG's merchant nuclear fleet continues to perform well, contributing to reliable, carbon-free energy supply, and the company is pursuing long-term growth opportunities in nuclear energy [4][6] - The company aims for a long-term non-GAAP operating earnings growth rate of 5% to 7%, supported by its ongoing investments and regulatory approvals [4][6]

Core Insights - PSE&G's Clean Energy Future - Energy Efficiency II Program (CEF-EE II) has been approved, aiming to save customers $4 billion in lifetime bill savings while reducing energy usage and carbon emissions [1][5][6] Program Overview - The CEF-EE II program will run from January 2025 to June 2027, with a budget of $1.9 billion, net of administrative expenses, and nearly $1 billion allocated for an on-bill repayment program [2][3] - The initiative supports New Jersey's clean energy targets of 2% reduction in electric usage and 0.75% in natural gas usage as per the 2018 Clean Energy Act [2] Job Creation and Economic Impact - The program is expected to create and sustain approximately 3,500 direct jobs annually in sectors like equipment installation and clean energy [3][5] - It aims to provide targeted support to low-income and overburdened communities while avoiding nearly 10 million metric tons of carbon dioxide emissions [5] Specific Programs - Eight programs will focus on energy efficiency, while two new programs will target building decarbonization and demand response [4] - The building decarbonization program will incentivize the installation of heat pumps to replace fossil fuel equipment [4] Previous Program Success - The previous CEF-EE I program, running from 2021 to June 2024, helped nearly 400,000 customers save over $500 million annually and conserved 2.3 million megawatt-hours of electricity [7] - The program also avoided approximately 1.7 million metric tons of carbon emissions, equivalent to removing nearly 375,000 gasoline-powered cars from the road [7] Recognition and Awards - PSE&G has received over 55 awards for its energy efficiency programs, including the Energy Star Partner of the Year for three consecutive years [8]

The market expects PSEG (PEG) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key numbers are be ...

Core Insights - Value investing is gaining traction in a market facing external shocks, with notable success from investors like Warren Buffett, who achieved a 19.8% CAGR for Berkshire Hathaway from 1965 to 2023, compared to a 10.2% rise in the S&P 500 during the same period [1] - The PEG ratio is highlighted as an effective metric for identifying value stocks, as it considers both price/earnings and earnings growth rate, unlike traditional metrics [4][3] - Five stocks are identified as strong candidates for value investing based on their PEG ratios and other criteria: Stride, Inc. (LRN), Virtu Financial (VIRT), The Travelers Companies (TRV), Coastal Financial (CCB), and Gold Fields Limited (GFI) [1][6] Value Investing Metrics - The PEG ratio is defined as (Price/Earnings)/Earnings Growth Rate, with a lower PEG ratio being preferable for value investors [4] - Commonly used metrics like P/E, P/B, and dividend yield may lead to "value traps" if growth potential is not considered, emphasizing the importance of the PEG ratio [3][2] - Screening criteria for successful value investing include 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, average 20-day volume greater than 50,000, and upward earnings estimate revisions greater than 5% [4][5] Company Profiles - **Stride, Inc. (LRN)**: A technology-based education service company with a Zacks Rank of 1 and a Value Score of A, boasting a five-year historical growth rate of 43.8% [6] - **Virtu Financial (VIRT)**: A financial services firm with a Zacks Rank of 1 and a Value Score of A, featuring a long-term expected growth rate of 25.3% [7] - **The Travelers Companies (TRV)**: A holding company providing property and casualty insurance, currently holding a Zacks Rank of 2 and a Value Score of A, with a long-term expected growth rate of 11.3% [8] - **Coastal Financial (CCB)**: A bank holding company with a Zacks Rank of 2 and a Value Score of A, expected to have a remarkable earnings growth rate of 69.4% in 2025 [8] - **Gold Fields Limited (GFI)**: A diversified gold producer with a Zacks Rank of 2 and a Value Score of B, having a long-term historical growth rate of 30.2% [9]