Public Service Enterprise Group Incorporated (PEG) Stock

PEG is likely to gain from the growth of renewable energy and its planned investments, even though it faces high costs to clean up all MGP sites.

Sound Shore Management, an investment management company, has published its investor letter for the third quarter of 2024. You can download a copy of the letter here. In this quarter, the fund's Investor Class (SSHFX) and Institutional Class (SSHVX) saw increases of 6.70% and 6.74%, respectively, which is better than the 5.89% return of the Standard & Poor’s 500.

We have identified four GARP stocks: GAP, LTM, QFIN, and URBN, that passed our evaluation using the discounted PEG ratio.

On November 19, 2024, in Newark, N.J., the Board of Directors of Public Service Enterprise Group (NYSE:PEG) announced a dividend of $0.60 per share for the company's common stock for the fourth quarter of 2024.

Here are five stocks that have a low PEG ratio: BABA, PFE, VIRT, LDOS, and EAT, which are good options for GARP investors.

Public Service Enterprise Group Incorporated (NYSE:PEG) will hold its Q3 2024 Earnings Conference Call on November 4, 2024, at 11:00 AM ET. The call will feature company representatives including Carlotta Chan, Ralph LaRossa, and Dan Cregg, along with participants from various financial institutions. The event will be hosted by Rob, the operator.

PSEG (PEG) reported quarterly earnings of $0.90 per share, which is slightly below the Zacks Consensus Estimate of $0.91 per share. In comparison, the company earned $0.85 per share during the same period last year.

Public Service Enterprise Group (PSEG) announced its third-quarter results for 2024, showing a net income of $520 million, which translates to $1.04 per share. The company also reported non-GAAP operating earnings of $448 million, or $0.90 per share, compared to $425 million and $0.85 per share in the same quarter last year. Additionally, PSEG has approved and implemented a settlement for its distribution base rate case and expanded its energy efficiency programs.

PSE&G has revealed that its Clean Energy Future - Energy Efficiency II Program (CEF-EE II) has been approved by the New Jersey Board of Public Utilities (NJBPU). This program is expected to save participating customers a total of $4 billion over its lifetime. The announcement was made on October 30, 2024, in Newark, New Jersey.