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Public Service Enterprise Group (PEG) Declares Dividend of $0.63 per Share
Yahoo Finance· 2025-11-23 04:20
Public Service Enterprise Group Incorporated (NYSE:PEG) is included among the 14 Best Utility Dividend Stocks to Buy Now. Public Service Enterprise Group (PEG) Declares Dividend of $0.63 per Share Public Service Enterprise Group Incorporated (NYSE:PEG) is a predominantly regulated energy company that engages in the provision of electric and gas services. With a dividend history of 118 consecutive years, Public Service Enterprise Group Incorporated (NYSE:PEG) is known for its commitment to shareholders. ...
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]
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]
PPL Trades Above 50 & 200-Day SMAs: How to Play the Stock?
ZACKS· 2025-10-16 18:10
Core Insights - PPL Corporation is currently trading above its 50 and 200-day simple moving averages, indicating a bullish trend in the stock market [1][7] - The company has shifted its focus to being a U.S.-centric energy provider following the divestiture of its international operations, with data centers driving new demand in its service regions [1][13] Capital Investment Strategy - PPL has a long-term capital investment strategy aimed at enhancing infrastructure to ensure safe, reliable, and affordable energy delivery [2] - The company plans to invest $20 billion from 2025 to 2028 to improve reliability and service quality [7][10] - Investments include $8 billion in electric and gas distribution and $6 billion in electric transmission to strengthen the electricity grid [11] Cost Management and Profitability - PPL is targeting $175 million in operating and maintenance cost reductions by 2026, with $130 million already achieved in 2024 [12] - The company expects its earnings per share for 2025 to be in the range of $1.75 to $1.87, with a positive earnings estimate trend for 2025 and 2026 [14] Dividend Policy - PPL has a history of distributing dividends and plans to increase them annually by 6-8% through at least 2028, with a current quarterly dividend rate of 27.25 cents [16][17] - The current dividend yield stands at 2.88%, outperforming the S&P 500 group's yield of 1.48% [16] Market Performance - Over the past year, PPL's shares have increased by 17.3%, outperforming the Zacks Utility-Electric Power industry's growth of 11.6% and the S&P 500's growth of 16% [6][7] - PPL's trailing 12-month return on equity is 8.81%, which is below the industry average of 10.35% [18] Valuation - PPL is currently trading at a premium on a forward 12-month P/E basis, with a P/E of 19.3X compared to the industry's 15.65X [22] - The company is well-positioned to benefit from increasing energy demand while its cost-saving initiatives are expected to support margin expansion [23]
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]