"We reported strong results for the second quarter. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Of this total $620,000 was received as a salary, $562,700 was received as a bonus, $0 was received in stock options, $1,300,054 was awarded as stock and $29,974 came from other types of compensation. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. The company's largest subsidiary is Public Service Electric and Gas Company (PSE&G). Pre-tax profit of $304 million was more than double consensus of $138.03 million. PUBLIC SERVICE ENTRP GRP INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The parent Public Service Corporation was dissolved in 1948 and PSE&G became an independent company, with Public Service Coordinated Transport as a subsidiary. PUBLIC SERVICE ENTRP GRP INC's earnings per share declined by 36.4% in the most recent quarter compared to the same quarter a year ago. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. At Public Service Enterprise Group Inc., we promise to treat your data with respect and will not share your information with any third party. Public Service Enterprise Group has a market cap of $18.5 billion and is part of the utilities sector and utilities industry. The Public Service Electric and Gas Company is a regulated gas and electric utility company established in 1928 serving the state of New Jersey[3] and it is New Jersey's oldest and largest investor owned utility company; the Public Service Electric and Gas Company was established in 1928 and was originally a subsidiary of the New-Jersey-based Public Service Corporation. Management issued operating earnings guidance for fiscal 2014 between $2.55 and $2.75 a share. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). This year, the market expects an improvement in earnings ($2.72 versus $2.45). However, we anticipate this trend reversing over the coming year. Finance", "Public Service Enterprise Group Company Profile", "PSE&G plans $773M for solar panels on 200K utility poles", "PSE&G To Install 105 Pole Mounted Solar Panels in the Borough of Magnolia", "PSE&G installing solar panels in Hillsborough", "PSE&G Selects Sites and Developers for 4 NJ Solar Projects Totaling 12 MW", "Jersey Acquires 2 Key Bus Lines For $32 Million; Byrne Describes Takeover as 'Truly Public Transit' Possible Rail Takeover 'Getting Rid of a Headache' Jersey Acquires Two Key Bus Lines", "Newark Community Economic Development Corporation -", "LIPA Board Selects PSEG to Operate the Long Island Electric Grid", "Toxic 100 Detailed Company Report - Public Service Enterprise Group Inc. (PSEG)", "Thousands remain without power as tropical storm cleanup begins on North Fork", "https://twitter.com/psegdelivers/status/1290760382370516994", "PSEG Long Island Storm Update – Aug. 10, 2020 5:15 p.m.", "Thousands of North Jersey residents still without power as heat advisory issued for region", "Cuomo threatens to revoke PSEG, Con Edison operating license over 'lousy' response to Isaias", "Curran, lawmakers call on PSEG to reimburse for food", https://en.wikipedia.org/w/index.php?title=Public_Service_Enterprise_Group&oldid=985232732, Electric power companies of the United States, Non-renewable resource companies established in 1903, Companies listed on the New York Stock Exchange, Companies in the Dow Jones Utility Average, Creative Commons Attribution-ShareAlike License. In 2001, PSEG received The Walter B. Jones Memorial and NOAA Excellence Awards in Coastal and Ocean Resource Management[21] in the category of Excellence in Business Leadership for its Estuary Enhancement Program. torchmark corp biomet inc ; paychex inc . Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. PSE&G/PSEG origins date back to 1903 with the defunct Public Service Corporation. The firm said it lowered its rating on the energy company as it feels "the western portion of [the Eastern grid organizer] PJM will be more leveraged to power price improvements versus the east. has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. Public Service Enterprise Group (PEG) shares climbed today after the company beat analysts' top and bottom line guidance. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, attractive valuation levels, expanding profit margins and good cash flow from operations. As Chairman of the Board, President & CEO at PUBLIC SERVICE ENTRP GRP INC, Ralph Izzo made $10,888,227 in total compensation. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Please fill out the form below and click "Place Order" to complete your order. [30], Public Service Electric and Gas Company history, "PUBLIC SERVICE ENTERPRISE GROUP INC 2013 Annual Report Form (10-K)", "PEG: Profile for Public Service Enterprise Group - Yahoo! Learn more. The company has suffered a declining pattern of earnings per share over the past year. Public Service Enterprise Group Incorporated operates in the energy industry primarily in the northeastern and mid Atlantic United States. Since the same quarter one year prior, revenues slightly dropped by 3.1%. This information is according to proxy statements filed for the 2019 … © 2020 TheStreet, Inc. All rights reserved. Analysts had forecast earnings of $2.47 a share. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Compared to other companies in the Multi-Utilities industry and the overall market on the basis of return on equity, PUBLIC SERVICE ENTRP GRP INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Shares are up 18.6% year to date as of the close of trading on Friday. [24], In August of 2020, about 400,000[25] customers on Long Island and 490,000 customers in New Jersey[26] under the jurisdiction of PSEG were left without power as a result of Hurricane Isaias. Of this total $1,380,000 was received as a salary, $2,052,800 was received as a bonus, $0 was received in stock options, $7,395,089 was awarded as stock and $60,338 came from other types of compensation. Also in 1928, Public Service Coordinated Transport was formed as an umbrella for the transit businesses. Public Service Enterprise Group (NYSE:PEG) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. The debt-to-equity ratio is somewhat low, currently at 0.76, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. TheStreet Ratings team rates PUBLIC SERVICE ENTRP GRP INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate PUBLIC SERVICE ENTRP GRP INC (PEG) a BUY. Despite the fact that PEG's debt-to-equity ratio is low, the quick ratio, which is currently 0.55, displays a potential problem in covering short-term cash needs. The Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey and was established in 1985 with a legacy dating back to 1903.

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