The Newark, NJ-based energy holding company reported second quarter net income of $345 million, or 57 cents per diluted share, on revenue that increased 2.9% year over year to $2.31 billion. Analysts surveyed by Thomson Reuters had predicted earnings of 45 cents a share. Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. "We rate PUBLIC SERVICE ENTRP GRP INC (PEG) a BUY. As a member of Board of Directors at PUBLIC SERVICE ENTERPRISE GROUP INC, Barry H. Ostrowsky made $283,501 in total compensation. Highlights from the analysis by TheStreet Ratings Team goes as follows: Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Separately, TheStreet Ratings team rates PUBLIC SERVICE ENTRP GRP INC as a Buy with a ratings score of B+. 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. [9] In addition, PSEG is building four solar farms in Edison, Hamilton, Linden, and Trenton.[10]. As Chairman of the Board, President & CEO at PUBLIC SERVICE ENTRP GRP INC, Ralph Izzo made $10,888,227 in total compensation. During the past fiscal year, PUBLIC SERVICE ENTRP GRP INC reported lower earnings of $2.45 versus $2.51 in the prior year. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. 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. NEW YORK (TheStreet) -- Public Service Enterprise Group Inc. (PEG) - Get Report was downgraded to "hold" from "buy" at Jefferies Group on Monday. The company's largest subsidiary is Public Service Electric and Gas Company (PSE&G). Action Alerts PLUS is a registered trademark of TheStreet, Inc. The team has this to say about their recommendation: "We rate PUBLIC SERVICE ENTRP GRP INC (PEG) a BUY. Please fill out the form below and click "Place Order" to complete your order. Jefferies cut its price target on Public Service Enterprise to $41 from $39. [6], In 2009, PSEG began installing solar panels on 200,000 utility poles in its service area in a project costing $773 million, the largest such project in the world. Despite the fact that PEG's debt-to-equity ratio is low, the quick ratio, which is currently 0.54, displays a potential problem in covering short-term cash needs. Public Service Enterprise Group (NYSE:PEG) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- In 1985, PSE&G reorganized its corporate structure by creating a new company called the Public Service Enterprise Group to serve as the holding company for PSE&G, the Public Service Enterprise Group became the owner of PSE&G. Since the same quarter one year prior, revenues slightly dropped by 2.6%. The company also involves in the transmission of electricity and distribution of electricity and natural gas to residential, commercial, and industrial customers, as well as invests in the development of solar generation projects and energy efficiency programs. PUBLIC SERVICE ENTRP GRP INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. This implies a minor weakness in the organization. PSEG's transmission line voltages are 500,000 volts, 345,000 volts, 230,000 volts and 138,000 volts with interconnections to utilities in Pennsylvania, Delaware, and New York. Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. [22], Researchers at the University of Massachusetts Amherst have identified PSEG as the 48th-largest corporate producer of Air pollution in the United States, with roughly five million pounds of toxic chemicals released annually into the air. Net operating cash flow has decreased to $877.00 million or 19.39% when compared to the same quarter last year. 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. Public Service Enterprise Group Inc. does not currently have any hardcopy reports on AnnualReports.com. Learn more. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. PSEG's distribution voltages are 13,000 volts and 4,160 volts. 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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