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Public Service Enterprise Group Inc. - PEG STOCK NEWS

Welcome to our dedicated news page for Public Service Enterprise Group (Ticker: PEG), a resource for investors and traders seeking the latest updates and insights on Public Service Enterprise Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Public Service Enterprise Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Public Service Enterprise Group's position in the market.

News
Rhea-AI Summary
Public Service Enterprise Group (NYSE: PEG) reported strong financial results for 2023, with net income of $2.56 billion and non-GAAP operating earnings of $1.74 billion. The company reaffirmed its 2024 non-GAAP operating earnings guidance of $3.60 - $3.70 per share. PSEG achieved solid operating and financial performance, completing its largest ever capital investment plan in 2023. The company made progress in increasing business predictability, modernizing infrastructure, and expanding energy efficiency programs. PSEG also updated its regulated capital spending plan to $18-21 billion over the 2024-2028 period. The company filed its electric and gas base rate case with the New Jersey BPU to recover over $3 billion in capital investments. PSEG reaffirmed its 2024 non-GAAP operating earnings guidance range of $3.60 to $3.70 per share and increased its indicative annual common dividend rate to $2.40 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
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Rhea-AI Summary
Public Service Enterprise Group (PEG) announces a quarterly common stock dividend increase to $0.60 per share for the first quarter of 2024, resulting in an indicative annual rate of $2.40 per share. This marks the company's 117th year of paying dividends, showcasing consistent growth and shareholder value.
Rhea-AI Impact
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End-of-Day
-1.31%
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dividends
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Rhea-AI Summary
PSEG Long Island emphasizes customer safety in light of recent home invasion incident, urging customers to be cautious of impostors posing as utility workers. The company advises customers on how to verify the identity of its employees and warns against potential scams.
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End-of-Day
0.38%
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Public Service Enterprise Group Incorporated (PSEG) will host its fourth quarter and full year 2023 earnings call on Feb. 26, 2024, to discuss financial results, guidance, capital investments, and regulatory activities. The audio webcast and presentation materials will be available on PSEG's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
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earnings
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Rhea-AI Summary
Public Service Enterprise Group Incorporated (PSEG) announced the election of Ricardo G. Pérez to its Board of Directors, emphasizing his extensive experience in the energy industry, particularly in nuclear energy, supply chain management, IT, cybersecurity, and physical security. Pérez's election reflects PSEG's commitment to a cleaner energy future and a balanced mix of Director tenure and experience.
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Rhea-AI Sentiment
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0.86%
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management
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Rhea-AI Summary
PSE&G, New Jersey's largest electric and gas utility, filed its scheduled rate case with the New Jersey Board of Public Utilities. This is the company's first comprehensive electric and gas rate case in nearly six years, aiming to recover capital investments to strengthen and modernize the state's electric and gas infrastructure. PSE&G's request is among the lowest proposed rate increases filed by a NJ public utility in recent years.
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0.3%
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Public Service Enterprise Group (NYSE: PEG) has announced its 2024 non-GAAP Operating Earnings guidance, with a range of $3.60 to $3.70 per share, representing a 6% growth from the 2023 guidance. The company's long-term outlook for compound annual earnings growth of 5% to 7% for 2023 through 2027 remains consistent. PSEG's chair, president, and CEO, Ralph LaRossa, emphasized the improved business mix and platform for predictable growth, as well as the company's plan to increase the predictability of its business through operational excellence, disciplined investment, and financial strength.
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Rhea-AI Sentiment
End-of-Day
-2.3%
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earnings
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Public Service Electric and Gas Company (PSE&G) has secured the top spot in the J.D. Power 2023 U.S. Electric Utility Residential Customer Satisfaction Study for electric residential customers in the East among large utilities, as well as in the J.D. Power 2023 U.S. Electric Utility Business Customer Satisfaction Study in the east among large utilities. This marks the second consecutive year PSE&G customers ranked the company in first place for electric residential, excelling in all six evaluated categories. PSE&G has also won the 2023 ReliabilityOne® Award for superior electric system reliability in the Mid-Atlantic region for 22 consecutive years.
Rhea-AI Impact
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End-of-Day
-2.39%
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Rhea-AI Summary
PSE&G (Public Service Electric & Gas Co.) has submitted its Clean Energy Future – Energy Efficiency II ('CEF-EE II') filing to the NJ Board of Public Utilities, comprising 11 programs targeting diverse customer segments, with a proposed $3.1 billion investment. The program aims to reduce nearly 10 million metric tons of carbon emissions and generate economic benefits for New Jersey residents and businesses. However, the filing also indicates a potential average monthly increase of $3.05 on the electric bill and $2.74 on the gas heating bill for customers.
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Public Service Enterprise Group (PEG) has declared a $0.57 per share dividend for the fourth quarter of 2023, payable to shareholders of record on December 8, 2023.
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Rhea-AI Sentiment
End-of-Day
0.2%
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dividends
Public Service Enterprise Group Inc.

NYSE:PEG

PEG Rankings

PEG Stock Data

30.69B
496.98M
0.1%
75.74%
1.25%
Electric Bulk Power Transmission and Control
Utilities
Link
US
Newark

About PEG

public service enterprise group (pseg) helps to make new jersey and new york better places to live and work by providing safe, reliable, economic and greener energy that powers the lives of millions every day. we are new jersey’s largest provider of electric and gas service, serving 1.8 million gas customers and 3.3 million electric customers in new jersey and new york. we also own and operate 19 power plants in the northeast and mid-atlantic regions and 36 solar energy facilities in new jersey and eight other states. headquartered in newark, n.j., pseg is a fortune 500 company traded on the new york stock exchange under the symbol peg.