PEG Stock Recent News

While the top- and bottom-line numbers for PSEG (PEG) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

PSEG (PEG) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.54 per share a year ago.

U.S. electric and gas utility Public Service Enterprise Group on Tuesday forecast a higher profit for 2025 than the year earlier and raised its five-year capital spending plan to meet growing demand for power.

$3.54 PER SHARE NET INCOME $3.68 PER SHARE NON-GAAP OPERATING EARNINGS Initiates 2025 Non-GAAP Operating Earnings Guidance of $3.94 - $4.06 Per Share, midpoint up ~9% over 2024 results Extends PSEG's 5% - 7% Non-GAAP Operating Earnings CAGR for 2025-2029, at the Production Tax Credit threshold, from higher 2025 midpoint Raises PSEG's 2025 - 2029 Capital Spending Plan to $22.5 billion - $26 billion, up by $3.5 billion from prior plan Targets PSE&G Rate Base CAGR of 6% - 7.5% for 2025-2029, from ~12% higher YE 2024 balance NEWARK, N.J., Feb. 25, 2025 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the full year and fourth quarter 2024: PSEG Consolidated (unaudited)Full Year Comparative Results Income Diluted Earnings Per Share ($ millions, except per share amounts) FY 2024 FY 2023 FY 2024 FY 2023 Net Income $1,772 $2,563 $3.54 $5.13   Reconciling Items 67 (821) 0.14 (1.65) Non-GAAP Operating Earnings $1,839 $1,742 $3.68 $3.48   Average S

PEG's Q4 results are likely to benefit from data center expansion and favorable rate outcomes amid the impact of warm weather conditions.

Get a deeper insight into the potential performance of PSEG (PEG) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Here are four PEG-driven GARP stocks, GM, EXPE, PAHC and PPC, which qualify our screening criteria.

PEG hikes its quarterly dividend payout to 63 cents per share. The company has a history of paying out quarterly dividends for 118 years in a row.

Indicative Annual Dividend Rate Increases by 5% to $2.52 Per Share PSEG's 118th Year of Paying a Common Dividend to Shareholders NEWARK, N.J. , Feb. 11, 2025 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE: PEG) today declared a $0.63 per share quarterly common stock dividend for the first quarter of 2025, payable on or before March 31, 2025, to shareholders of record on March 10, 2025.

Here are four PEG-driven GARP stocks, PPC, EXEL, SYF and UAL, which qualify our screening criteria.