- PSEG reported fourth-quarter operating revenue of $2.47 billion, exceeding estimates of $2.08 billion, despite a year-over-year decline of 5.4%.
- PSE&G, a subsidiary of PSEG, posted operating revenue of $2.11 billion, marking a 14% year-over-year increase.
- PSE&G’s operation and maintenance expense rose by 12% year-over-year to $554 million, exceeding the estimated $461.6 million.
- PSEG Power reported operation and maintenance expenses of $387 million, a 2.9% increase compared to estimates of $361 million.
- PSEG aims for a compound annual growth rate (CAGR) in PSE&G’s rate base of 6% to 7.5% between 2025 and 2029, starting from a year-end 2024 rate base of approximately $34 billion.
- The company’s capital spending plan and rate base growth target a 5% to 7% long-term CAGR in non-GAAP Operating Earnings through 2029, with a 2025 guidance midpoint of $4.00 per share.
- Investment analysts have issued 9 buy ratings, 11 hold ratings, and 1 sell rating for PSEG.
Public Service Enterprise Group Inc on Smartkarma
On Smartkarma, a renowned independent investment research network, analysts like Baptista Research provide valuable insights on companies such as Public Service Enterprise Group Inc. Baptista Research published a report titled “Public Service Enterprise Group: An Analysis Of Its Data Center Integration,” with a bullish sentiment. The report delves into PSEG’s financial results for Q3 2024, showcasing a significant increase in net income compared to the previous year.
In another report by Baptista Research titled “Public Service Enterprise Group: A Tale Of Infrastructure Investments For Evolving Demands! – Major Drivers,” the analysts explore PSEG’s second-quarter 2024 earnings. Despite facing challenges, the company demonstrated strategic growth, although net income per share decreased from the previous year. This report also leans towards a bullish sentiment, providing valuable insights for investors following PSEG’s developments.
A look at Public Service Enterprise Group Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Public Service Enterprise Group Incorporated, a public utility holding company operating in the Northeastern and Mid Atlantic United States, is poised for a favorable long-term outlook according to Smartkarma’s Smart Scores. With a strong emphasis on growth and a solid dividend score, Public Service Enterprise Group Inc shows promising signs for investors. The company’s commitment to value and momentum, although not at the highest levels, adds further stability to its overall outlook amidst challenges in resilience. Investors can take confidence in the company’s growth prospects and consistent dividend payouts.
Public Service Enterprise Group Inc‘s Smart Scores reflect a company that is strategically positioned for long-term success in the energy sector. Despite facing some resilience challenges, the company’s strong focus on growth and dividends, coupled with steady momentum and value considerations, suggest a promising investment opportunity. Investors looking for a company with solid growth potential and a reliable dividend income stream may find Public Service Enterprise Group Inc‘s outlook appealing, considering its strategic position in electricity generation and natural gas production in key regions of the United States.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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