UNIONDALE, N.Y., July 25, 2024 /PRNewswire/ -- Summer has arrived, and PSEG Long Island is prepared for hurricane season and to meet peak demand during extreme heat situations in the coming months. Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9270451-pseg-long-island-prepared-summer-2024/ Storm Hardening Video "Providing reliable electric service to approximately 1.2 million customers is a long-term commitment, and our personnel work year-round to e ...

The company holds a four-quarter average earnings surprise of 7.30%. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. In the second quarter of 2024, PSEG's service territories witnessed warmer-than-normal temperatures, resulting in increased electricity demand for cooling purposes. This is expected to have contributed to the company's second-quarter revenues. The Zacks Consensus Estimate for second-quarter revenues is pegged at $2.06 billion, which indicates a dec ...

Ahead of the U.S. presidential election, investors are quite certain about a probable increase in volatility in the equity space. Considering the diverse focus and agenda of the parties, conditional to the voting outcome, a number of sectors are bound to see growth compared to others. While a few months are still left for investors to clearly understand which sectors to put more money in and which sectors to exit, it will be a prudent idea now to follow a hybrid investment strategy to minimize the risk of t ...

All dividends for the third quarter are payable on or before September 30, 2024, to shareholders of record on September 9, 2024. Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where people use less energy, and it's cleaner, safer and delivered more reliably than ever. With a continued focus on sustainability, PSEG has appeared on the Dow Jones Sustaina ...

For electric customers involved in these initiatives, projected savings exceed 2.1 million megawatt-hours of electricity annually, which is enough to power over 312,000 New Jersey homes each yeariii. Additionally, participating natural gas customers are expected to save approximately 57 million therms of natural gas annually. Collectively, these efforts are estimated to avoid about 1.6 million metric tons of carbon dioxide emissions annuallyiv, equivalent to the emissions from 349,000 gasoline-powered cars ...

Zacks Premium also includes the Zacks Style Scores. Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform. Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash F ...

NEWARK, N.J., July 2, 2024 /PRNewswire/ -- Public Service Enterprise Group Incorporated (PSEG) will host its second quarter 2024 earnings call at 11:00 a.m. ET on Tuesday, July 30, during which management will discuss second quarter financial results, financial guidance, capital investments, regulatory activities, and other important matters. A replay of the audio webcast, along with the accompanying presentation materials, will be available on the Investor News and Events section of PSEG's Investor Relatio ...

A Few More Words on GARP The PEG ratio is defined as (Price/ Earnings)/Earnings Growth Rate While P/E alone gives an idea of stocks that are trading at a discount, PEG, while adding the growth element to it, helps identify stocks with solid future potential. Say, for example, if a stock's P/E ratio is 10 and the expected long-term growth rate is 15%, the company's PEG will come down to 0.66, a ratio indicating both undervaluation and future growth potential. In the equity market, investments need to be prud ...

However, this Zacks Rank #3 (Hold) company faces risks like unfavorable financial position and expenditure to remediate every manufactured gas plant (MGP) site, which act as a headwind. PSEG has a capital investment plan of $18-$21 billion for 2024-2028 to constantly upgrade its infrastructure and expand its renewable generation portfolio. Its solid capital investment plan is estimated to bring in a compounded annual rate base growth of 6-7.5% between 2024 and 2028. Headwinds Public Service Enterprise Group ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the ...