ABN Amro Investment Solutions cut its holdings in shares of Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) by 38.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,847 shares of the utilities provider’s stock after selling 16,410 shares during the quarter. ABN Amro Investment Solutions’ holdings in Public Service Enterprise Group were worth $2,092,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Entropy Technologies LP raised its stake in Public Service Enterprise Group by 115.6% during the 4th quarter. Entropy Technologies LP now owns 24,717 shares of the utilities provider’s stock valued at $1,985,000 after buying an additional 13,253 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Public Service Enterprise Group by 26.3% during the 1st quarter. Kestra Advisory Services LLC now owns 69,089 shares of the utilities provider’s stock valued at $5,593,000 after buying an additional 14,406 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Public Service Enterprise Group by 120.0% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 63,102 shares of the utilities provider’s stock valued at $5,108,000 after acquiring an additional 34,415 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in Public Service Enterprise Group by 38.0% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,946,512 shares of the utilities provider’s stock worth $156,305,000 after buying an additional 536,363 shares during the period. Finally, Elevation Point Wealth Partners LLC grew its position in Public Service Enterprise Group by 135.2% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 21,693 shares of the utilities provider’s stock valued at $1,756,000 after acquiring an additional 12,468 shares during the last quarter. 73.34% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades A number of analysts have weighed in on PEG shares. Royal Bank Of Canada assumed coverage on Public Service Enterprise Group in a research note on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 target price on the stock. BMO Capital Markets upped their price target on shares of Public Service Enterprise Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. Wells Fargo & Company reduced their price target on shares of Public Service Enterprise Group from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial lifted their price objective on shares of Public Service Enterprise Group from $88.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Finally, Jefferies Financial Group dropped their target price on shares of Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.25.
Check Out Our Latest Analysis on Public Service Enterprise Group
Insider Transactions at Public Service Enterprise Group In other Public Service Enterprise Group news, COO Kim C. Hanemann sold 3,035 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total value of $248,870.00. Following the completion of the sale, the chief operating officer owned 98,815 shares of the company’s stock, valued at approximately $8,102,830. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.51, for a total value of $167,702.33. Following the sale, the chief executive officer owned 285,149 shares in the company, valued at $22,957,345.99. The trade was a 0.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 9,284 shares of company stock valued at $746,145. 0.19% of the stock is currently owned by company insiders.
Public Service Enterprise Group Stock Performance Shares of Public Service Enterprise Group stock opened at $79.83 on Friday. The company has a market capitalization of $39.78 billion, a PE ratio of 17.66, a P/E/G ratio of 3.00 and a beta of 0.51. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.75 and a current ratio of 0.97. The company has a 50-day simple moving average of $79.74 and a two-hundred day simple moving average of $80.83. Public Service Enterprise Group Incorporated has a one year low of $76.05 and a one year high of $91.25.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the business earned $1.43 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Research analysts expect that Public Service Enterprise Group Incorporated will post 4.37 EPS for the current fiscal year.
Public Service Enterprise Group Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio (DPR) is 59.29%.
Public Service Enterprise Group Profile (Free Report)
Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.
The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.
Recommended Stories Five stocks we like better than Public Service Enterprise Group AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding PEG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report).
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Jason Pride, Chief of Investment Strategy and Research at Glenmede, told CNBC on July 10 that investors have tuned out the noise from global conflict as an extraordinary wave of artificial intelligence spending drives corporate growth. “This market is getting desensitized to the geopolitical conflict. At the end of the day, we are in a momentum-driven market,” Pride said.
Pride believes there’s a strong foundation underneath this momentum driven by substantial AI investment. “We are spending almost 3% of GDP on AI build-out per year right now, an astronomical investment. And that’s going into effectively software-like replacement. It’s going into hardware, it’s going into buildings and infrastructure. It’s going into cooling systems,” he said. “That is why we’re seeing this strength in the underlying growth and underlying profits. I think that’s what’s supporting this market.”
Readers looking to find the winning companies riding this AI build-out wave can dig into our Free Report: 7 Stocks Powering the AI Boom (That Aren’t Chipmakers).
The Earnings Behind the Thesis NVIDIA Is Building the Factories of the AI Economy NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) reported Q1 FY2027 revenue of $81.61 billion, up 85.2% year over year, with Data Center revenue of $75.25 billion, up 92%, and networking up 199% year over year. Jensen Huang described the moment as “the largest infrastructure expansion in human history.” Guidance calls for $91.0 billion in Q2, and total supply commitments have reached $119.0 billion. NVIDIA assumed zero H20 Data Center compute revenue from China, versus $4.6 billion in the year-ago quarter. Shares are up 8.86% year to date, with the next report expected on August 26, 2026.
Micron Is Cashing In on an Explosive Memory Shortage Micron Technology (NASDAQ:MU) posted fiscal Q3 2026 revenue of $41.46 billion, up 345.7% year over year, with non-GAAP EPS of $25.11 and Q4 guidance of $50.0 billion ± $1.0 billion. CEO Sanjay Mehrotra tied it to “the strategic value of memory in the AI era.” Shares are up 247.66% year to date. This exemplifies the cyclical revenue growth Pride cited when naming Micron, SK Hynix, and Nvidia.
IBM Shows AI Spending Is Reaching Corporate America IBM (NYSE:IBM) delivered Q1 2026 revenue of $15.92 billion, up 9.5%, with mainframe revenue surging 51% year over year. Arvind Krishna said, “AI continues to be a tailwind for our global business,” with the generative AI book of business topping $12.5 billion inception-to-date.
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Honeywell Reveals Where Geopolitical Risk Still Matters Honeywell (NASDAQ:HON) showed friction. Q1 2026 showed an adjusted EPS beat of $2.45, but revenue of $9.14 billion missed by 1.48%. CEO Vimal Kapur credited execution for “overcoming the impacts of rising inflation and the disruption in the Middle East,” while Building Automation grew 8% organically, driven by data center demand. Honeywell’s Aerospace spin-off completed on June 29, 2026.
Public Service Enterprise Group and The Power Ripple The AI buildout ripples into utilities. Public Service Enterprise Group (NYSE:PEG) reported Q1 2026 non-GAAP EPS of $1.55 and disclosed large-load inquiries of roughly 11,800 MW as of December 31, 2025, tied to data center demand. Shares are up just 1.5% year to date, trading near the 52-week low of $75.39 despite an analyst target of $89.71.
“There Are Going to Be Winners and Losers” Pride believes that history shows that no strong story can continue forever. “We will see a slowdown in that cycle as we have with any investment cycle. What we often see in any technology cycle is we see a ramp of investment as everybody rushes towards the same gold rush, trying to benefit from it. They’re going to be winners and losers from that,” he said
Valuations sit above historical averages, and Pride argues they hold only if businesses’ earnings power holds. The unresolved question is whether AI capex, running at roughly 3% of GDP annually, ultimately clears its hurdle for returns. That answer will take years to play out, but until then, momentum has kept the market climbing.
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Skyrocketing demand from artificial intelligence data centers is exacerbating shortages of critical grid equipment like transformers across the U.S., driving up costs, stretching out wait times and spurring utilities and developers to lock in orders far in advance.
With temperatures topping 100 degrees across New Jersey this week, here's how to stay cool, reduce and track your energy usage, and get help with your bill
, /PRNewswire/ -- With temperatures expected to climb to over 100 degrees for several consecutive days this week, PSE&G is prepared to respond and is encouraging customers to take steps now to stay safe, conserve energy and manage their bills.
According to the National Weather Service, temperatures in the upper 90s and over 100 degrees are expected throughout this week, which can increase energy use leading to potentially higher bills as well as increase the potential for power outages.
How is PSE&G preparing for the heat wave?
PSE&G strengthens and modernizes its system year-round from the large transmission lines that carry power to substations, to the wires that run down each street, and prepares its workforce to deliver power safely when extreme weather hits. By continually investing in the electric system and preparing our workforce, we are building a more resilient system and maintaining the high level of reliability our customers and communities expect.
"Each year, PSE&G strengthens and modernizes our system and prepares our workforce to deliver power safely when extreme weather hits," said Paul Toscarelli, vice president, electric operations, PSE&G. "This year has already seen several heat waves, which put real stress on both people and the electric system. This is part of the long-term preparation we do as one of the nation's most reliable utilities."
PSE&G relies on the regional grid operator PJM to ensure the flow of adequate electric supply to meet customer demand all year long and when extreme weather hits. On June 26, PJM issued a hot weather alert that can be found here: Hot Weather Alerts Issued for June 29 to July 3 Ahead of Expected Heat Wave.
How can you stay safe during extreme heat?
Before the temperature rises, know how to stay safe and comfortable while keeping energy use in check.
Tips to Stay Safe in the Heat:
Stay hydrated; avoid alcohol and caffeine Avoid overexertion, especially between 11 a.m. and 6 p.m. Never leave children or pets in enclosed vehicles Know the signs of heat exhaustion and act quickly Wear light, loose-fitting clothing and avoid dark colors If anyone in the household relies on electricity to operate life-sustaining medical equipment, notify PSE&G at 1-800-436-7734 or pseg.com/life. Customers should also have a backup plan in case of an outage. For more heat safety tips, visit RedCross.org.
Why do energy bills rise in hot weather?
Cooling a home uses far more electricity as outdoor temperatures climb: Cooling your home to 75 degrees when it's 95 degrees outside takes 300% more electricity than when it's 85 degrees outside.
That's why hot weather usually means higher energy use, as air conditioners run longer and harder.
How can you lower your energy use this week?
5 ways to cut energy use during the heat wave:
Raise your thermostat when you're not home Use ceiling fans to circulate air (counterclockwise in summer) Close blinds on sun-facing windows Run appliances in early morning or late evening Replace air filters monthly Many PSE&G customers also use energy efficiency programs to manage and reduce usage. For tips, rebates, and to sign up for an energy efficiency audit, visit pseg.com/energyefficiency or pseg.com/saveenergy, or shop at marketplace.pseg.com.
How do you track your energy use?
MyMeter lets you view your electricity use in intervals from 15 minutes to monthly summaries, so you can track and manage usage across your billing cycle. To use MyMeter, log in to My Account online or in the PSE&G mobile app and select MyMeter.
Stay Connected During Outages
PSE&G prepares for summer storms with additional crews to respond safely and quickly. Keep PSE&G's contact information handy to stay connected during extreme weather:
Text OUT to 4PSEG (47734) Download the PSE&G mobile app Visit: pseg.com/outagecenter Call: 1-800-436-PSEG (7734) Follow: @PSEGdelivers on X and @PSEG on Facebook and Instagram What help is available if you need help paying your bill?
PSE&G works with customers, nonprofits and community organizations to share energy assistance options. Customers may qualify for help based on criteria such as income eligibility — for example, the Low Income Home Energy Assistance Program (LIHEAP), or SHARES for customers facing a temporary financial crisis.
PSE&G also offers bill-management tools, including the Equal Payment Plan and Deferred Payment Arrangements. The Equal Payment Plan estimates annual energy costs and divides them into 12 equal monthly payments, so monthly spending is more predictable. Deferred Payment Arrangements let customers pay down past-due balances over an agreed period.
For more on payment assistance, visit pseg.com/help.
About PSE&G
Public Service Electric & Gas Co. is New Jersey's oldest and largest gas and electric delivery public utility, as well as one of the nation's largest utilities. PSE&G has won the ReliabilityOne(r) Award for superior electric system reliability in the Mid-Atlantic region for 24 consecutive years. In 2025, for the fourth consecutive year, J.D. Power named PSE&G number one in customer satisfaction for residential electric service in the East among large utilities. PSE&G is a subsidiary of Public Service Enterprise Group Inc., (PSEG) (NYSE:PEG), a predominantly regulated infrastructure company named to the Dow Jones Best in Class Index for North America for 18 consecutive years (www.pseg.com).
CONTACTS:
Media Relations
[email protected]
973-430-7734
SOURCE Public Service Electric & Gas Company (PSE&G)
Key Takeaways Aveanna Healthcare joins four GARP picks with discounted PEG and P/E plus a 14.9% long-term growth rate. Hewlett Packard offers discounted PEG and P/E alongside a 32% long-term expected growth rate.Lenovo combines discounted PEG and P/E with a 10.2% long-term expected growth rate as a GARP pick. The current macroeconomic backdrop makes a balanced investment approach particularly compelling. While the U.S. economy continues to expand, sticky inflation, elevated interest rates and lingering geopolitical uncertainties have kept market volatility high. At its June 2026 meeting, the Federal Reserve kept interest rates unchanged while signaling a higher-for-longer policy stance as inflation remained above its 2% target. In such an environment, combining reasonably valued companies with consistent earnings growth can help investors participate in upside opportunities while reducing the risk of overpaying for high-growth stocks.
In fact, the investing track of the Oracle of Omaha over the past few decades and his gradual shift from being a pure-play value investor to a GARP (growth at a reasonable price) investor might give us all the answers.
Per the GARP theory, the strategic mingling of growth and value-investing principles gives us a hybrid strategy, offering an ideal investment by utilizing the best features of both. What GARPers look for is whether or not the stocks are somewhat undervalued and have solid, sustainable growth potential (Investopedia).
Several stocks that have surged significantly in recent years have demonstrated the overwhelming success of this hybrid investing strategy over pure-play value and growth investments. Here, we will discuss the success of four such stocks. These are Aveanna Healthcare (AVAH - Free Report) , Nexa Resources (NEXA - Free Report) , Hewlett Packard (HPE - Free Report) and Lenovo Group (LNVGY - Free Report) .
A Few More Words on GARPGARP investing gives priority to one of the popular value metrics — the price/earnings growth (PEG) ratio. Although it is categorized under value investing, this strategy follows the principles of both growth and value investing.
The PEG ratio is defined as (Price/ Earnings)/Earnings Growth Rate
It relates the stocks’ P/E ratios to the future earnings growth rates.
While P/E alone gives an idea of stocks that are trading at a discount, PEG, while adding the growth element to it, helps identify stocks with solid future potential.
A lower PEG ratio, preferably less than 1, is always better for GARP investors.
Say, for example, if a stock's P/E ratio is 10 and the expected long-term growth rate is 15%, the company's PEG will come down to 0.66, a ratio indicating both undervaluation and future growth potential.
Unfortunately, this ratio is often neglected due to investors' limitations in calculating the future earnings growth rate of a stock.
There are some drawbacks to using the PEG ratio, though. It does not consider the very common situation of changing growth rates, such as the forecast of the first three years at a very high growth rate, followed by a sustainable but lower growth rate over the long term.
Hence, PEG-based investing can be even more rewarding if some other relevant parameters are also taken into consideration.
Here are the screening criteria for a winning strategy:
PEG Ratio less than X Industry Median
P/E Ratio (using F1) less than X Industry Median (For more accurate valuation purpose)
Zacks Rank of 1 (Strong Buy) or 2 (Buy) (Whether good market conditions or bad, stocks with a Zacks Rank #1 or #2 have a proven history of success.)
Market Capitalization greater than $1 Billion (This helps us to focus on companies that have strong liquidity.)
Average 20-Day Volume greater than 50,000: A substantial trading volume ensures that the stock is easily tradable.
Percentage Change F1 Earnings Estimate Revisions (4 Weeks) greater than 5%: Upward estimate revisions add to the optimism, suggesting further bullishness.
Value Score of less than or equal to B: Our research shows that stocks with a Value Style Score of A or B, when combined with a Zacks Rank #1, 2 or 3 (Hold), offer the best upside potential.
Growth Score of less than or equal to B: Our research shows that stocks with a Growth Style Score of A or B, when combined with a Zacks Rank #1, 2 or 3, offer the best upside potential.
Our PEG-Driven PicksHere are four stocks that qualified the screening:
Aveanna is a diversified U.S. home healthcare provider offering pediatric and adult care that helps patients remain at home, reducing reliance on hospitals and skilled nursing facilities. It operates through three segments: Private Duty Services, Home Health & Hospice and Medical Solutions, providing skilled nursing, therapy, personal care and related services.
AVAH can be an impressive GARP investment pick with its Zacks Rank #2, a Value Score of A and a Growth Score of A. Apart from a discounted PEG and P/E, the stock has an impressive long-term expected growth rate of 14.9%.
Nexa Resources is a global zinc mining and smelting company operating through its Mining and Smelting segments. It produces zinc, gold, sulfuric acid, zinc oxide and other metals and by-products, with five polymetallic mines across Peru and Brazil, plus one zinc smelter in Peru and two in Brazil.
NEXA has a Zacks Rank #1, a Value Score of A and a Growth Score of A. Nexa Resources also has an impressive five-year historical growth rate of 49%.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Hewlett Packard develops enterprise IT solutions across five segments: Server, Hybrid Cloud, Networking, Financial Services and Corporate Investments. Hewlett Packard’s portfolio includes servers, hybrid cloud and storage platforms, networking and security products, software and related support services, serving customers worldwide.
HPE stock can be an impressive GARP investment pick with its Zacks Rank #1, a Value Score of B and a Growth Score of B. Apart from a discounted PEG and P/E, Hewlett Packard has an impressive long-term expected growth rate of 32%.
Lenovo develops, manufactures and markets technology products and services through its Intelligent Devices, Infrastructure Solutions and Solutions and Services segments. Its portfolio includes PCs, servers, smartphones, tablets, software, IT infrastructure, consulting, managed services and digital solutions, serving customers worldwide.
LNVGY can also be an impressive GARP investment pick with its Zacks Rank #1, a Value Score of B and a Growth Score of B. Apart from a discounted PEG and P/E, Lenovo also has a solid long-term expected growth rate of 10.2%.
Representative Julia Letlow (Republican-Louisiana) recently bought shares of Leonardo DRS, Inc. (NASDAQ:DRS). In a filing disclosed on March 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Leonardo DRS stock on February 2nd. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.
Representative Julia Letlow also recently made the following trade(s):
Sold $1,001 – $15,000 in shares of HF Sinclair (NYSE:DINO) on 2/20/2026. Sold $1,001 – $15,000 in shares of BXP (NYSE:BXP) on 2/20/2026. Purchased $1,001 – $15,000 in shares of Travelers Companies (NYSE:TRV) on 2/20/2026. Sold $1,001 – $15,000 in shares of Expand Energy (NASDAQ:EXE) on 2/17/2026. Sold $1,001 – $15,000 in shares of Public Service Enterprise Group (NYSE:PEG) on 2/17/2026. Purchased $1,001 – $15,000 in shares of Vistra (NYSE:VST) on 2/17/2026. Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 2/12/2026. Purchased $1,001 – $15,000 in shares of Extra Space Storage (NYSE:EXR) on 2/12/2026. Sold $1,001 – $15,000 in shares of Icon (NASDAQ:ICLR) on 2/12/2026. Purchased $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 2/12/2026. Leonardo DRS Price Performance NASDAQ:DRS opened at $44.84 on Friday. The company has a 50-day moving average of $42.59 and a 200-day moving average of $39.61. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 3.31 and a beta of 0.41. Leonardo DRS, Inc. has a 52 week low of $28.17 and a 52 week high of $49.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.89.
Leonardo DRS (NASDAQ:DRS – Get Free Report) last posted its earnings results on Sunday, February 15th. The company reported $0.42 earnings per share for the quarter. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The business had revenue of $1.06 billion for the quarter. As a group, equities research analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.
Leonardo DRS Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is currently 34.95%.
Institutional Trading of Leonardo DRS Several hedge funds have recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Leonardo DRS by 116.8% in the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after acquiring an additional 1,972,596 shares in the last quarter. Norges Bank acquired a new stake in Leonardo DRS during the 4th quarter valued at $37,481,000. Millennium Management LLC raised its position in Leonardo DRS by 152.1% in the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after purchasing an additional 1,071,708 shares during the last quarter. AQR Capital Management LLC boosted its stake in Leonardo DRS by 528.6% in the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after purchasing an additional 1,070,870 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Leonardo DRS by 30.1% during the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after purchasing an additional 870,772 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities research analysts have weighed in on DRS shares. Truist Financial set a $59.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Morgan Stanley set a $47.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Weiss Ratings raised Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Bank of America upped their price target on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen lowered Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.
Read Our Latest Stock Analysis on DRS
Insider Activity In related news, CFO Michael Dippold sold 16,330 shares of Leonardo DRS stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $45.27, for a total value of $739,259.10. Following the completion of the transaction, the chief financial officer directly owned 26,622 shares of the company’s stock, valued at $1,205,177.94. The trade was a 38.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Pamela Morrow sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total transaction of $542,400.00. Following the transaction, the senior vice president owned 6,494 shares in the company, valued at approximately $293,528.80. This trade represents a 64.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 40,218 shares of company stock worth $1,719,136. 0.34% of the stock is owned by corporate insiders.
About Representative Letlow Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.
Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.
Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.
About Leonardo DRS (Get Free Report)
Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.
The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.
See Also Five stocks we like better than Leonardo DRS Receive News & Ratings for Leonardo DRS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leonardo DRS and related companies with MarketBeat.com's FREE daily email newsletter.
Representative Julia Letlow (Republican-Louisiana) recently bought shares of Apple Inc. (NASDAQ:AAPL). In a filing disclosed on March 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Apple stock on February 2nd. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.
Representative Julia Letlow also recently made the following trade(s):
Sold $1,001 – $15,000 in shares of HF Sinclair (NYSE:DINO) on 2/20/2026. Sold $1,001 – $15,000 in shares of BXP (NYSE:BXP) on 2/20/2026. Purchased $1,001 – $15,000 in shares of Travelers Companies (NYSE:TRV) on 2/20/2026. Sold $1,001 – $15,000 in shares of Expand Energy (NASDAQ:EXE) on 2/17/2026. Sold $1,001 – $15,000 in shares of Public Service Enterprise Group (NYSE:PEG) on 2/17/2026. Purchased $1,001 – $15,000 in shares of Vistra (NYSE:VST) on 2/17/2026. Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 2/12/2026. Purchased $1,001 – $15,000 in shares of Extra Space Storage (NYSE:EXR) on 2/12/2026. Sold $1,001 – $15,000 in shares of Icon (NASDAQ:ICLR) on 2/12/2026. Purchased $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 2/12/2026. Apple Trading Down 1.6% Shares of AAPL stock opened at $248.80 on Friday. The business has a 50-day moving average of $260.24 and a 200 day moving average of $262.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $288.62. The stock has a market capitalization of $3.65 trillion, a PE ratio of 31.45, a P/E/G ratio of 2.36 and a beta of 1.10.
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The business had revenue of $143.76 billion for the quarter, compared to analysts’ expectations of $138.25 billion. During the same period in the previous year, the firm earned $2.40 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple’s payout ratio is 13.15%.
Institutional Trading of Apple A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAPL. Vanguard Group Inc. increased its position in shares of Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after buying an additional 26,856,752 shares during the period. State Street Corp lifted its holdings in Apple by 1.1% in the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock worth $164,218,801,000 after buying an additional 6,555,392 shares during the period. Geode Capital Management LLC boosted its position in Apple by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock valued at $97,031,587,000 after acquiring an additional 1,866,103 shares in the last quarter. Morgan Stanley boosted its position in Apple by 0.6% during the 4th quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock valued at $62,659,118,000 after acquiring an additional 1,379,651 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Apple during the 4th quarter worth approximately $52,266,468,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Analyst Upgrades and Downgrades Several brokerages have recently issued reports on AAPL. Morgan Stanley restated an “overweight” rating and issued a $315.00 target price on shares of Apple in a report on Monday, March 23rd. CLSA upped their price target on shares of Apple from $265.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, December 5th. KGI Securities raised shares of Apple to an “outperform” rating and set a $306.00 price target for the company in a research report on Friday, January 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Apple in a report on Monday, December 29th. Finally, Moffett Nathanson boosted their price objective on shares of Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $297.58.
Check Out Our Latest Research Report on AAPL
Key Headlines Impacting Apple Here are the key news stories impacting Apple this week:
Positive Sentiment: Wedbush says 2026 could be a significant product year and raises upside potential (they reiterate Outperform and a $350 target), framing WWDC and AI-driven hardware as major catalysts. Apple in focus as Wedbush calls 2026 a ‘significant’ product launch year ahead of WWDC Positive Sentiment: Apple hired ex-Google executive Lilian Rincon as VP of product marketing for AI — a concrete senior hire to accelerate Siri/AI positioning and marketing. Apple hires ex-Google executive to head AI marketing amid push to improve Siri Positive Sentiment: Multiple reports say Apple will open Siri to rival AI assistants (Gemini, Claude, etc.) in iOS 27 — this pivot can broaden iPhone AI capabilities without Apple building everything in‑house. Apple Plans to Open Up Siri to Rival AI Assistants in iOS 27 Update Positive Sentiment: Services continue to grow (reported ~14% y/y, Apple TV and gaming aiding strength) — recurring high‑margin revenue supports earnings upside even if hardware cycles lag. Strong Streaming & Game Content Aids Apple’s Services: What’s Ahead? Positive Sentiment: Apple expands U.S. manufacturing program, adding Bosch, Cirrus Logic, TDK and Qnity and committing $400M — reduces supply‑chain risk and supports domestic sourcing narrative. Apple adds Bosch, Cirrus Logic, others to US manufacturing program, to invest $400 million Positive Sentiment: Apple is granting rare large stock bonuses to iPhone designers to curb talent departures to AI firms — a retention step to protect future product execution. Apple Drops Six Figure Bonuses To Stop iPhone Talent Exodus Neutral Sentiment: An analyst tweak: Erste trimmed FY2027 EPS slightly — minimal change to consensus, but worth watching for estimate revisions. Apple Inc. analyst note (Erste Group) via MarketBeat Neutral Sentiment: Steve Wozniak publicly criticizes AI and says he hardly uses it — a reputational/PR datapoint but unlikely to move fundamentals. Apple cofounder Steve Wozniak admits he’s ‘disappointed a lot’ by AI and hardly uses it Negative Sentiment: Broader tech sector weakness — Nasdaq slide, Meta legal losses and geopolitical worries are pressuring tech stocks, which is dragging AAPL despite company‑specific positives. Tech stocks suffer worst week in nearly a year, driven down by war worries, Meta legal woes Negative Sentiment: Reports that Apple has discontinued the Mac Pro and abandoned future updates could concern pro users and niche revenue, though impact on total revenue is limited. Apple reportedly discontinues Mac Pro, abandons plans for future updates About Representative Letlow Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.
Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.
Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.
Apple Company Profile (Get Free Report)
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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, /PRNewswire/ -- PSEG Long Island is celebrating Earth Day all month long by distributing free trees and handing out LED lightbulbs and reusable shopping bags throughout Long Island and the Rockaways.
Experience the full interactive Multichannel News Release here: https://www.multivu.com/pseg-long-island/9334151-en-pseg-long-island-is-celebrating-earth-day-all-month-long
Free Energy-Saving Tree Giveaway, Suffolk County
PSEG Long Island Celebrates Earth Month
PSEG Long Island Celebrates Earth Month
PSEG Long Island Celebrates Earth Month To read the full press release, click here.
"At PSEG Long Island, Earth Day is a time to showcase the ways that we can help the environment and also help drive affordability over the long term," said Scott Jennings, PSEG Long Island's president and COO. "Customers who strategically plant trees in their yards can save up to 20% on their home's summer energy bills once the trees are fully grown, while also improving air quality and reducing storm water runoff across Long Island and the Rockaways."
Energy Saving Trees giveaway
PSEG Long Island, Suffolk County and the Rockaway Initiative for Sustainability and Equity (RISE) are partnering with the PSEG Foundation and the Arbor Day Foundation to provide 500 customers with a free tree. For customers in Suffolk and Nassau counties, the trees can be reserved at https://get.arborday.org/pseg starting Wednesday, April 1, until all trees are claimed.
"Trees add beauty to neighborhoods and provide places of respite, along with many other benefits such as helping reduce energy consumption and filter pollutants that may negatively affect community health and wellbeing," said Calvin Ledford, president of the PSEG Foundation. "The PSEG Foundation is proud to support the Energy-Saving Trees program."
LED lightbulbs and shopping bags
PSEG Long Island volunteers will also be in local communities throughout the month to distribute reusable bags and free LED lightbulbs to save customers money and energy.
For more information, visit www.psegliny.com/earthday.
PSEG Long Island
PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract. PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.
Visit PSEG Long Island at:
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About PSEG Foundation
The PSEG Foundation 501(c)(3), the philanthropic arm of Public Service Enterprise Group (PSEG) (NYSE:PEG), prioritizes investments in promoting environmental sustainability, social justice, and equity and economic empowerment.
Contact: Media Relations Pager
516.229.7248
[email protected]
Key Takeaways Oil and equities have decoupled for the first time since "Operation Epic Fury" began.OPEC has committed to increasing oil production.Tech valuations have reached historically attractive levels. Early Monday, stock futures rose amid chatter on Wall Street about a potential ceasefire between the United States and Iran. Although such chatter has been hard to trust recently, oil data, fundamentals, and market internals point to a market that is poised to rally:
Oil Relief is on the HorizonCrude Oil & Equities Finally DecoupleSince the launch of “Operation Epic Fury” on February 28th, oil and equities have experienced an extreme negative correlation. For instance, when crude oil prices spiked by more than 10% on March 6th, the Nasdaq plunged by ~1.5%. Similarly, on March 12th, crude oil jumped ~10%, and the Nasdaq dumped ~1.7%. Although the negative correlation has been strong throughout the war, savvy investors understand the importance of monitoring changes to the correlation because, eventually, correlations become too obvious to the masses and begin to get priced in. Thursday, oil and equities finally decoupled dramatically. Crude oil bolted more than 11%. That said, this time, instead of falling, the Nasdaq finished the trading session slightly green.
Oil Supply Relief & Strait of Hormuz ProgressOver the holiday-extended weekend, positive signs of oil supply relief emerged. OPEC+ released a statement saying, “As part of our commitment to supporting the stability of the oil market, 8 countries have decided to increase production by 206 thousand barrels daily.” With increased supply, the market will likely shift from discounting scarcity to expecting a balanced supply.
Meanwhile, the Strait of Hormuz, which has been the largest chokepoint for oil and gas shipments, shows signs of progress. Over the weekend, the Strait of Hormuz saw the largest flows of vessels passing through it since March 1st.
Image Source: Bloomberg
Fundamental StrengthEarnings Expectations are Strong Despite the WarAccording to FactSet data, 59 S&P 500 companies have issued positive EPS guidance for Q1 2026, the highest total in five years.
Image Source: FactSet
Earnings season will kick off mid-month, with earnings from banking giants such as Bank of America ((BAC - Free Report) ), JPMorgan Chase ((JPM - Free Report) ), Citigroup ((C - Free Report) ), and Morgan Stanley ((MS - Free Report) ).
Tech Valuations are Extremely AttractiveOne benefit of the recent correction in tech stocks is that they are now far more attractive on valuation grounds. For instance, NVDIA ((NVDA - Free Report) ), the AI leader, has its lowest price-to-earnings growth (PEG) ratio in more than a decade.
Image Source: Zacks Investment Research
In other words, with growth still accelerating, tech stocks are becoming extremely attractive from a growth AND valuation perspective.
Sentiment Reaches ExtremesBreadth Washout?The S&P 500 Index may have just witnessed a breadth washout. Market breadth (the # of stocks rising) recently reached a 50-day low. However, 70% of NYSE issues rose in 3 out of 4 sessions, signaling renewed strength. Historically, when 50-day breadth lows were followed by 70% advancers in ¾ days, S&P 500 returns have been very strong. In such instances, the S&P 500 has gained 6.8% on average over the next three months. (Research via Seth Golden @SethCL).
Image Source: NYSE, Seth Golden
Bottom Line
While geopolitical “chatter” is often met with skepticism, the hard data underlying the market paints an increasingly optimistic picture. Between the stabilization of critical trade routes and the highest positive earnings guidance in five years, the market’s internals are bullish.
Public Service Enterprise Group is leveraging its nuclear assets to meet surging AI-driven data center power demand, positioning itself as an AI infrastructure play. PEG delivered robust 2025 results: $4.05 non-GAAP EPS, 18% revenue growth, and a 6% dividend increase, signaling strong execution and cash flow confidence. Guidance for 2026 targets $4.28–$4.40 EPS, 7% growth, and continued outperformance, underpinned by new rate approvals and a $25B CapEx plan.
PSE&G highlights opportunity to deliver continued progress and measurable value to customers and communities including:
Lower energy use, and collective savings of nearly $900 million annually to date Carbon emissions avoided, delivering environmental impact to communities across New Jersey Driving local jobs and economic activity through more than 32,000 energy efficiency upgrades delivered to businesses statewide by a network of trade allies, contractors and union labor , /PRNewswire/ -- PSE&G looks forward to continuing to work with the Board of Public Utilities (BPU) and stakeholders in the next phase of the New Jersey's second energy efficiency triennium (Triennium 2.5), which would extend current programs through June 2028.
More than 480,000 customers have participated in PSE&G's energy efficiency programs, taking steps to improve how they use and manage energy in their homes and businesses and manage utility costs. Energy efficiency programs deliver value beyond individual participation, providing benefits that extend to communities across New Jersey.
The programs have supported more than 20,000 businesses, from small businesses to municipalities, schools, and hospital systems, helping implement more than 32,000 energy efficiency upgrades that help manage energy use and costs over time and allow reinvestment of these savings into their operations and the communities they serve. Together, these efforts are delivering measurable results, including nearly $900 million in collective annual energy savings1 and the avoidance of carbon emissions, equivalent to removing more than 500,000 gasoline-powered cars from the road for one year2.
"As a hospital that has participated in some of the State's earliest energy efficiency programs and continues to participate today, we've seen firsthand the value these programs bring through our partnerships with our utility providers," said Kyle Tafuri, Vice President of Sustainability, Hackensack Meridian Health. "They help us manage energy use and costs, while allowing us to reinvest these savings in our operations, our facilities and the services we provide to the communities we serve. Without robust, utility-run programs, organizations like ours would face greater challenges in continuing to invest in the infrastructure our patients rely on."
In addition to supporting customers, these programs also play an important role in the state's economy. PSE&G works with thousands of local trade allies and contractors, including union-affiliated labor, engaged to implement energy-saving projects that support local jobs and economic activity. Collectively, these efforts help reduce overall energy use, manage demand, keep bills as low as possible and contribute to a safe and reliable energy system over time.
"Energy efficiency remains one of the most practical tools we have to help customers manage their energy use," said Lauren Thomas, vice-president, Clean Energy Solutions – Customer Solutions at PSE&G. "These programs help customers keep their energy costs as low as possible while delivering real value for communities across New Jersey, and we're focused on continuing that progress."
PSE&G will continue to work with the Board and the administration in this next phase of the program to maintain a stable and consistent energy efficiency program framework that supports sustained progress, workforce continuity, and continued investment, while supporting our shared goal of keeping customer energy bills as low as possible.
An executive summary related to Triennium 2.5 is available here.
PSE&G
Public Service Electric & Gas Co. is New Jersey's oldest and largest gas and electric delivery public utility, as well as one of the nation's largest utilities. PSE&G has won the ReliabilityOne® Award for superior electric system reliability in the Mid-Atlantic region for 24 consecutive years. In 2025, for the fourth consecutive year, J.D. Power named PSE&G number one in customer satisfaction for residential electric service in the East among large utilities. PSE&G is a subsidiary of Public Service Enterprise Group Inc., (PSEG) (NYSE:PEG), a predominantly regulated infrastructure company named to the Dow Jones Sustainability Index for North America for 17 consecutive years (www.pseg.com).
Visit PSEG at:
www.pseg.com
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PSEG on LinkedIn
CONTACT:
Media Relations
Anide Eustache
862-370-5500
[email protected]
1 Retail bill savings are based on rate class averages for residential and small commercial customers.
2 Vehicle equivalency is based on EPA conversion factors.
SOURCE Public Service Electric & Gas Company (PSE&G)
, /PRNewswire/ -- Public Service Enterprise Group Incorporated (PSEG) will host its first quarter 2026 earnings call at 11:00 a.m. ET on Tuesday, May 5, during which management will discuss first quarter financial results, financial guidance, capital investments, regulatory activities, and other important matters.
The audio webcast can be accessed at that time, along with accompanying presentation materials, on the Investor News and Events section of PSEG's Investor Relations website at https://investor.pseg.com.
A replay of the audio webcast, along with the accompanying presentation materials, will be available on the Investor News and Events section of PSEG's Investor Relations website by May 6.
About PSEG
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Sustainability North America Index for 17 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).
From time to time, PSEG and PSE&G release important information via postings on their corporate Investor Relations website at https://investor.pseg.com. Investors and other interested parties are encouraged to visit the Investor Relations website to review new postings. You can sign up for automatic email alerts regarding new postings at the bottom of the webpage at https://investor.pseg.com or by navigating to the Email Alerts webpage here.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- In honor of National Lineworker Appreciation Day on April 18, PSEG Long Island is taking the time to recognize the diligent effort its field workforce puts in to keep the power on.
Lineworkers and PSEG Long Island field personnel work in shifts around the clock and must be ready to answer an emergency call in challenging conditions to help provide safe, reliable electric service to 1.2 million customers on Long Island and in the Rockaways.
PSEG Long Island has approximately 700 in-house and contractor lineworkers who work hard to maintain and repair the electric system. (Credit: PSEG Long Island) "PSEG Long Island could not be the most reliable overhead electric service provider in the state without our lineworkers and other field personnel," said Michael Sullivan, PSEG Long Island's vice president of Electric Operations. "Whether it's replacing equipment on a blue sky day or working 16-hour shifts when storms, blizzards or other natural disasters strike, we are grateful for their 24/7 dedication and hard work."
PSEG Long Island has approximately 700 in-house and contracted lineworkers, all of whom play a vital role in ensuring that customers have the best-in-class service that they expect and deserve.
PSEG Long Island
PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract. PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.
Visit PSEG Long Island at:
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CONTACT: Media Relations Pager
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, /PRNewswire-HISPANIC PR WIRE/ -- El 18 de abril, en honor al Día Nacional de Agradecimiento a los Trabajadores de la Red Eléctrica, PSEG Long Island se toma el tiempo necesario para reconocer el esfuerzo y la dedicación de su personal de campo a garantizar el suministro eléctrico.
PSEG Long Island cuenta con aproximadamente 700 operarios de línea, tanto fijos como subcontratados, que trabajan arduamente en el mantenimiento y reparación de la red eléctrica. (Crédito: PSEG Long Island) (PRNewsfoto/PSEG Long Island) Los operarios de línea y el personal de campo de PSEG Long Island trabajan por turnos, las 24 horas del día, y deben estar preparados para responder a cualquier llamada de emergencia en condiciones difíciles, con el fin de garantizar un servicio eléctrico seguro y confiable a 1,2 millones de clientes en Long Island y los Rockaways.
"PSEG Long Island no podría ser el proveedor de servicios eléctricos aéreos más confiable del estado sin nuestros operarios de línea y el resto del personal de campo", afirmó Michael Sullivan, vicepresidente de Operaciones Eléctricas de PSEG Long Island. "Ya sea sustituyendo equipos en un día soleado o trabajando en turnos de 16 horas cuando se producen tormentas, ventiscas de nieve u otras catástrofes naturales, les estamos muy agradecidos por su dedicación y esfuerzo incansables las 24 horas del día, los 7 días de la semana".
PSEG Long Island cuenta con aproximadamente 700 operarios de línea, tanto fijos como subcontratados que desempeñan un papel fundamental a la hora de garantizar que los clientes reciban el mejor servicio posible, como esperan y se merecen.
PSEG Long Island
PSEG Long Island opera el sistema de transmisión y distribución de Long Island Power Authority en virtud de un contrato a largo plazo. PSEG Long Island es una filial de Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), empresa energética diversificada que cotiza en bolsa.
Visite PSEG Long Island en:
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, /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE: PEG) today declared a $0.67 per share dividend on the outstanding common stock of the company for the second quarter of 2026.
All dividends for the second quarter are payable on or before June 30, 2026, to shareholders of record on June 9, 2026.
About PSEG
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Sustainability North America Index for 17 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).
Forward-Looking Statements
The statements contained in this press release that are not purely historical are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management. Factors that may cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission (SEC), and available on our website: https://investor.pseg.com. All of the forward-looking statements made in this press release are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this press release apply only as of the date hereof. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.
From time to time, PSEG and PSE&G release important information via postings on their corporate Investor Relations website at https://investor.pseg.com. Investors and other interested parties are encouraged to visit the Investor Relations website to review new postings. You can sign up for automatic email alerts regarding new postings at the bottom of the webpage at https://investor.pseg.com or by navigating to the Email Alerts webpage here.
Caliber Wealth Management LLC KS cut its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) by 88.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,570 shares of the utilities provider’s stock after selling 27,154 shares during the period. Caliber Wealth Management LLC KS’s holdings in Public Service Enterprise Group were worth $287,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of Public Service Enterprise Group by 28.6% in the fourth quarter. Nordea Investment Management AB now owns 2,266,925 shares of the utilities provider’s stock valued at $182,759,000 after acquiring an additional 504,632 shares in the last quarter. JARISLOWSKY FRASER Ltd lifted its position in Public Service Enterprise Group by 107.1% during the third quarter. JARISLOWSKY FRASER Ltd now owns 1,025,305 shares of the utilities provider’s stock worth $85,572,000 after purchasing an additional 530,248 shares during the period. Railway Pension Investments Ltd lifted its position in Public Service Enterprise Group by 97.5% during the third quarter. Railway Pension Investments Ltd now owns 1,897,800 shares of the utilities provider’s stock worth $158,390,000 after purchasing an additional 937,100 shares during the period. Assetmark Inc. lifted its position in Public Service Enterprise Group by 4.6% during the third quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider’s stock worth $74,609,000 after purchasing an additional 38,949 shares during the period. Finally, Greenland Capital Management LP lifted its position in Public Service Enterprise Group by 238.9% during the third quarter. Greenland Capital Management LP now owns 69,734 shares of the utilities provider’s stock worth $5,820,000 after purchasing an additional 49,157 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In PEG has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Friday, March 27th. Wall Street Zen cut shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Scotiabank reaffirmed a “sector perform” rating and set a $92.00 price objective on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. JPMorgan Chase & Co. upped their price objective on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Barclays upped their price objective on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.25.
Get Our Latest Report on PEG
Public Service Enterprise Group Stock Down 0.1% PEG stock opened at $78.49 on Thursday. The stock has a market capitalization of $39.14 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group Incorporated has a 12 month low of $76.00 and a 12 month high of $91.25. The firm has a 50-day moving average price of $82.97 and a 200-day moving average price of $81.73.
Public Service Enterprise Group (NYSE:PEG – Get Free Report) last posted its earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.
Public Service Enterprise Group Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio is 63.51%.
Insider Transactions at Public Service Enterprise Group In other news, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total value of $169,222.92. Following the completion of the transaction, the chief executive officer owned 291,398 shares of the company’s stock, valued at approximately $23,673,173.52. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the transaction, the senior vice president directly owned 28,481 shares of the company’s stock, valued at $2,363,923. This trade represents a 14.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,866 shares of company stock valued at $733,587 in the last three months. Company insiders own 0.19% of the company’s stock.
Public Service Enterprise Group Company Profile (Free Report)
Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.
The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.
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PSEG (PEG - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 5. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis parent company of PSEG Power and Public Service Electric & Gas Co. is expected to post quarterly earnings of $1.49 per share in its upcoming report, which represents a year-over-year change of +4.2%.
Revenues are expected to be $3.29 billion, up 2.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.97% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for PSEG?For PSEG, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -3.36%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that PSEG will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that PSEG would post earnings of $0.71 per share when it actually produced earnings of $0.72, delivering a surprise of +1.41%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
PSEG doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Utility - Electric Power industry, Dominion Energy (D - Free Report) , is soon expected to post earnings of $0.89 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -4.3%. This quarter's revenue is expected to be $4.25 billion, up 4.3% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Dominion Energy has been revised 5.6% down to the current level. Nevertheless, the company now has an Earnings ESP of +1.31%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Dominion Energy will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Maintains 2026 Non-GAAP Operating Earnings Guidance of $4.28 - $4.40 Per Share
, /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the first quarter 2026:
PSEG Consolidated (unaudited)
First Quarter Comparative Results
Income
Earnings Per Share
($ millions, except per share amounts)
1Q 2026
1Q 2025
1Q 2026
1Q 2025
Net Income
$741
$589
$1.48
$1.18
Reconciling Items
37
129
0.07
0.25
Non-GAAP Operating Earnings
$778
$718
$1.55
$1.43
Average Shares Outstanding (Diluted)
500
500
See Attachments 7 and 8 for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings.
"PSEG delivered a solid operating and financial performance to begin the year," said Ralph LaRossa, PSEG's chair, president and CEO. "Our teams across PSE&G and PSEG Power successfully responded to multiple extreme weather events during the first quarter. These included the worst winter storm to hit our service territory in the past 30 years and several days of single digit temperatures that prompted our highest gas send-out since 2019. PSEG's investments in critical energy infrastructure and our dedicated workforce that worked tirelessly to restore service in frigid conditions proved to be the key factors in our ability to deliver best-in-class storm response and reliability."
"PSEG has worked with the Governor's Office and the New Jersey Board of Public Utilities to keep electric rates flat in 2026, in keeping with Governor Sherrill's Executive Orders 1 & 2 addressing utility costs and generation supply. PSE&G rates will also benefit from the update to reflect the latest Basic Generation Service auction results effective on June 1. On February 1st, we also kept our residential natural gas rate flat for the remainder of the 2025-2026 winter heating season, providing our customers with the lowest gas bills in New Jersey and in the region. PSEG Nuclear also had a strong first quarter, supplying 8 TWh of reliable, carbon-free baseload energy to New Jersey and the grid."
LaRossa added, "We continue to execute on our long-term strategy to grow PSEG's non-GAAP Operating Earnings by a compound annual rate of 6% to 8% through 2030 – without the need to issue new equity or sell assets – which remains a core differentiator from our peers."
PSEG Results by Segment (unaudited)
First Quarter Comparative Results
($ millions)
1Q 2026
1Q 2025
PSE&G Net Income/Non-GAAP Operating Earnings
$577
$546
PSEG Power & Other Net Income
164
43
Total PSEG Net Income
$741
$589
PSEG Power & Other Non-GAAP Operating Earnings
$201
$172
Total PSEG Non-GAAP Operating Earnings
$778
$718
PSE&G's results for the first quarter reflect ongoing investments in Energy Efficiency, Gas System Modernization and Transmission; the seasonality of gas demand during the winter months; and the continued, gradual increase in the number of electric and gas customers. These results were partially offset by higher operation and maintenance costs as well as higher depreciation and interest expense related to incremental investments.
PSEG Power & Other results for the quarter reflect higher realized prices and lower operation and maintenance costs, partly offset by lower generating volume and the absence of zero emission certificates.
PSEG will host a conference call to review its first quarter 2026 results, earnings guidance, and other matters with the financial community at 11:00 a.m. ET today. Please register to access this event by visiting: https://investor.pseg.com/investor-news-and-events
About PSEG
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Best-in-Class North America Index for 18 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).
Non-GAAP Financial Measures
Management uses non-GAAP Operating Earnings in its internal analysis, and in communications with investors and analysts, as a consistent measure for comparing PSEG's financial performance to previous financial results. Operating Earnings is a non-GAAP financial measure that differs from Net Income. Non-GAAP Operating Earnings exclude the impact of gains (losses) associated with the Nuclear Decommissioning Trust (NDT), Mark-to-Market (MTM) accounting and other material infrequent items.
See Attachments 7 and 8 for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings. The presentation of non-GAAP Operating Earnings is intended to complement and should not be considered an alternative to the presentation of Net Income, which is an indicator of financial performance determined in accordance with GAAP. In addition, non-GAAP Operating Earnings as presented in this report may not be comparable to similarly titled measures used by other companies.
Due to the forward-looking nature of non-GAAP Operating Earnings guidance, PSEG is unable to reconcile this non-GAAP financial measure to the most directly comparable GAAP financial measure because comparable GAAP measures are not reasonably accessible or reliable due to the inherent difficulty in forecasting and quantifying measures that would be required for such reconciliation. Namely, we are not able to reliably project without unreasonable effort MTM and NDT gains (losses), for future periods due to market volatility. These items are uncertain, depend on various factors, and may have a material impact on our future GAAP results.
Forward-Looking Statements
Certain of the matters discussed in this report about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences, and all other statements that are not purely historical constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management. When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plan," "should," "hypothetical," "potential," "forecast," "project," variations of such words and similar expressions are intended to identify forward-looking statements. Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Other factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in filings we make with the United States Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K. These factors include, but are not limited to:
any inability to successfully develop, obtain regulatory approval for, or construct transmission and distribution, and our nuclear generation projects; significant resource adequacy challenges that present affordability and reliability concerns and that could cause
policymakers to implement responsive measures that could have a material, adverse impact on our business, strategy, growth rates, cash flows, results of operations, and financial condition and increase regulatory uncertainty for utility investment initiatives and programs; the physical, financial and transition risks related to climate change, including risks relating to potentially increased legislative and regulatory burdens, changing customer preferences and lawsuits; any equipment failures, gas explosions, accidents, critical operating technology or business system failures, natural disasters, severe weather events, acts of war, terrorism or other acts of violence, sabotage, physical attacks or security breaches, cyberattacks or other incidents that may impact our ability to provide safe and reliable service to our customers; any inability to recover the carrying amount of our long-lived assets; disruptions or cost increases in our supply chain, including labor shortages; any inability to maintain sufficient liquidity or access sufficient capital on commercially reasonable terms; the impact of cybersecurity attacks or intrusions or other disruptions to our information technology, operational or other systems; failure to attract and retain a qualified workforce; increases in the costs of equipment, materials, fuel, services and labor; the impact of our covenants in our debt instruments and credit agreements on our business; adverse performance of our defined benefit plan trust funds and Nuclear Decommissioning Trust Fund and increases in funding requirements; any inability to enter into or extend certain significant contracts; development, adoption and use of Artificial Intelligence by us and our third-party vendors; fluctuations in, or third-party default risk in wholesale power and natural gas markets, including the potential impacts on the economic viability of our generation units; the ability to obtain adequate nuclear fuel supply; changes in technology related to energy generation, distribution and consumption and changes in customer usage patterns; third-party credit risk relating to our sale of nuclear generation output and purchase of nuclear fuel; any inability to meet our commitments under forward sale obligations and Regional Transmission Organization rules; risks associated with generation activities at, and operation of, the Peach Bottom plants, which are similar to those to which nuclear generation plants that we operate are subject; the impact of changes in state and federal legislation and regulations on our business, including PSE&G's ability to recover costs and earn returns on authorized investments; PSE&G's proposed investment projects or programs may not be fully approved by regulators and its capital investment may be lower than planned; our ability to receive sufficient financial support for our New Jersey nuclear plants from the markets, and/or production tax credits; adverse changes in and non-compliance with energy industry laws, policies, regulations and standards, including market structures and transmission planning and transmission returns; risks associated with our ownership and operation of nuclear facilities, including increased nuclear fuel storage costs, regulatory risks, such as compliance with the Atomic Energy Act and trade control, environmental and other regulations, as well as operational, financial, environmental and health and safety risks; changes in or violation of federal, state and local environmental laws and regulations and enforcement; delays in receipt of, or an inability to receive, necessary licenses and permits and siting approvals; and changes in tax laws and regulations. All of the forward-looking statements made in this report are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this report apply only as of the date of this report. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.
The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Attachment 1
Public Service Enterprise Group Incorporated
Consolidating Statements of Operations
(Unaudited, $ millions, except per share data)
Three Months Ended March 31, 2026
PSEG
Eliminations
PSE&G
PSEG Power
& Other(a)
OPERATING REVENUES
$ 3,848
$ (653)
$ 3,085
$ 1,416
OPERATING EXPENSES
Energy Costs
1,507
(653)
1,358
802
Operation and Maintenance
937
-
637
300
Depreciation and Amortization
329
-
295
34
Total Operating Expenses
2,773
(653)
2,290
1,136
OPERATING INCOME
1,075
-
795
280
Net Gains (Losses) on Trust Investments
(17)
-
-
(17)
Net Other Income (Deductions)
43
-
19
24
Net Non-Operating Pension and OPEB Credits (Costs)
19
-
17
2
Interest Expense
(272)
-
(175)
(97)
INCOME BEFORE INCOME TAXES
848
-
656
192
Income Tax Expense
(107)
-
(79)
(28)
NET INCOME
$ 741
$ -
$ 577
$ 164
Reconciling Items Excluded from Net Income(b)
37
-
-
37
OPERATING EARNINGS (non-GAAP)
$ 778
$ -
$ 577
$ 201
Earnings Per Share
NET INCOME
$ 1.48
Reconciling Items Excluded from Net Income(b)
0.07
OPERATING EARNINGS (non-GAAP)
$ 1.55
Three Months Ended March 31, 2025
PSEG
Eliminations
PSE&G
PSEG Power
& Other(a)
OPERATING REVENUES
$ 3,222
$ (534)
$ 2,664
$ 1,092
OPERATING EXPENSES
Energy Costs
1,186
(534)
1,094
626
Operation and Maintenance
919
-
576
343
Depreciation and Amortization
320
-
280
40
Total Operating Expenses
2,425
(534)
1,950
1,009
OPERATING INCOME
797
-
714
83
Net Gains (Losses) on Trust Investments
8
-
-
8
Net Other Income (Deductions)
37
(1)
16
22
Net Non-Operating Pension and OPEB Credits (Costs)
16
-
17
(1)
Interest Expense
(241)
1
(157)
(85)
INCOME BEFORE INCOME TAXES
617
-
590
27
Income Tax (Expense) Benefit
(28)
-
(44)
16
NET INCOME
$ 589
$ -
$ 546
$ 43
Reconciling Items Excluded from Net Income(b)
129
-
-
129
OPERATING EARNINGS (non-GAAP)
$ 718
$ -
$ 546
$ 172
Earnings Per Share
NET INCOME
$ 1.18
Reconciling Items Excluded from Net Income(b)
0.25
OPERATING EARNINGS (non-GAAP)
$ 1.43
(a) Includes activities at PSEG Power, PSEG Long Island, Energy Holdings, PSEG Services Corporation and the Parent.
(b) See Attachments 7 and 8 for details of items excluded from Net Income to compute Operating Earnings (non-GAAP).
Attachment 2
Public Service Enterprise Group Incorporated
Capitalization Schedule
(Unaudited, $ millions)
March 31,
December 31,
2026
2025
DEBT
Commercial Paper and Loans
$ 1,165
$ 1,529
Long-Term Debt*
23,090
22,545
Total Debt
24,255
24,074
STOCKHOLDERS' EQUITY
Common Stock
5,010
5,062
Treasury Stock
(1,475)
(1,435)
Retained Earnings
13,853
13,446
Accumulated Other Comprehensive Loss
(85)
(91)
Total Stockholders' Equity
17,303
16,982
Total Capitalization
$ 41,558
$ 41,056
*Includes current portion of Long-Term Debt
Attachment 3
Public Service Enterprise Group Incorporated
Condensed Consolidated Statements of Cash Flows
(Unaudited, $ millions)
Three Months Ended March 31,
2026
2025
Cash Flows From Operating Activities
Net Income
$ 741
$ 589
Adjustments to Reconcile Net Income to Net Cash Flows
From Operating Activities
530
460
Net Cash Provided By (Used In) Operating Activities
1,271
1,049
Net Cash Provided By (Used In) Investing Activities
(736)
(618)
Net Cash Provided By (Used In) Financing Activities
(263)
345
Net Change in Cash, Cash Equivalents and Restricted Cash
272
776
Cash, Cash Equivalents and Restricted Cash at Beginning of Period
156
154
Cash, Cash Equivalents and Restricted Cash at End of Period
$ 428
$ 930
Attachment 4
Public Service Electric & Gas Company
Retail Sales
(Unaudited)
March 31, 2026
Electric Sales
Three Months
Change vs.
Sales (millions kWh)
Ended
2025
Residential
3,490
6 %
Commercial & Industrial
6,784
3 %
Other
97
(4 %)
Total
10,371
4 %
Gas Sold and Transported
Three Months
Change vs.
Sales (millions therms)
Ended
2025
Firm Sales
Residential Sales
792
6 %
Commercial & Industrial
511
3 %
Total Firm Sales
1,303
5 %
Non-Firm Sales*
Commercial & Industrial
161
24 %
Total Non-Firm Sales
161
Total Sales
1,464
7 %
*Contract Service Gas rate included in non-firm sales
Weather Data*
Three Months
Change vs.
Ended
2025
Degree Days - Actual
2,561
8 %
Degree Days - Normal
2,451
*Winter weather as defined by heating degree days (HDD) to serve as a measure for the need for heating. For each day, HDD is calculated as HDD = 65°F – the average hourly daily temperature. The measures use data provided by the National Oceanic and Atmospheric Administration based on readings from Newark Liberty International Airport. Comparisons to normal are based on twenty years of historic data.
Attachment 5
Nuclear Generation Measures
(Unaudited)
GWh Breakdown
Three Months Ended
March 31,
2026
2025
Nuclear - NJ
5,092
5,464
Nuclear - PA
2,897
2,891
7,989
8,355
Attachment 6
Public Service Enterprise Group Incorporated
Statistical Measures
(Unaudited)
Three Months Ended March 31,
2026
2025
Weighted Average Common Shares Outstanding (millions)
(Gain) Loss on Nuclear Decommissioning Trust (NDT)
Fund Related Activity, pre-tax
6
(12)
(Gain) Loss on Mark-to-Market (MTM), pre-tax(a)
41
188
Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)
(10)
(47)
Operating Earnings (non-GAAP)
$ 778
$ 718
PSEG Fully Diluted Average Shares Outstanding (in millions)
500
500
($ Per Share Impact -
Diluted, Unaudited)
Net Income
$ 1.48
$ 1.18
(Gain) Loss on NDT Fund Related Activity, pre-tax
0.01
(0.03)
(Gain) Loss on MTM, pre-tax(a)
0.08
0.38
Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)
(0.02)
(0.10)
Operating Earnings (non-GAAP)
$ 1.55
$ 1.43
(a) Includes the financial impact from positions with forward delivery months.
(b) Income tax effect calculated at the statutory rate except for qualified NDT related activity, which records an additional 20% trust tax on income (loss) from qualified NDT Funds.
Attachment 8
PSEG Power & Other Operating Earnings (non-GAAP) Reconciliation
Three Months Ended
Reconciling Items
March 31,
2026
2025
($ millions, Unaudited)
Net Income
$ 164
$ 43
(Gain) Loss on NDT Fund Related Activity, pre-tax
6
(12)
(Gain) Loss on MTM, pre-tax(a)
41
188
Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)
(10)
(47)
Operating Earnings (non-GAAP)
$ 201
$ 172
PSEG Fully Diluted Average Shares Outstanding (in millions)
500
500
(a) Includes the financial impact from positions with forward delivery months.
(b) Income tax effect calculated at the statutory rate except for qualified NDT related activity, which records an additional 20% trust tax on income (loss) from qualified NDT Funds.
Public Service Enterprise Group beat Wall Street estimates for first-quarter profit on Tuesday, as the U.S. electric and gas utility benefited from extreme winter weather that drove demand across its electric and gas businesses.
Key Takeaways PEG Q1 adjusted EPS rose to $1.55, beating estimates, while GAAP EPS increased to $1.48.PSEG revenues climbed to $3.85B, topping consensus, as electric and gas sales volumes rose year over year.PSEG operating income jumped to $1.08B, while expenses and interest costs also increased from last year. Public Service Enterprise Group Incorporated (PEG - Free Report) , or PSEG, reported first-quarter 2026 adjusted earnings of $1.55 per share, which beat the Zacks Consensus Estimate of $1.47 by 5.6%. Earnings increased 8.4% from the prior-year reported figure of $1.43.
The company reported GAAP earnings per share (EPS) of $1.48 compared with $1.18 in the corresponding period of 2025.
PEG’s Total RevenuesOperating revenues totaled $3.85 billion, which surpassed the Zacks Consensus Estimate of $3.27 billion by 17.6%. The top line also increased 19.4% from the year-ago figure of $3.22 billion.
Sales Volume of PEGElectric sales volume totaled 10,371 million kilowatt-hours, which increased 4% year over year. On the other hand, gas sales volume rose 7% to 1,464 million therms.
Under electric sales, residential sales volume totaled 3,490 million kilowatt-hours, up 6% from the prior-year figure. Its commercial and industrial sales volume totaled 6,784 million kilowatt-hours, reflecting year-over-year growth of 3%.
Other sales amounted to 97 million kilowatt-hours, down 4% from the year-ago recorded number.
Total gas sales witnessed year-over-year growth of 5% in firm sales volume. Non-firm gas sales volume increased 24%.
Highlights of PEG’s Earnings ReleaseThe operating income totaled $1.08 billion compared with $0.8 billion in the year-ago period, reflecting an increase of 34.9%.
Total operating expenses were $2.77 billion, up 14.4% from the year-ago figure.
Interest expenses amounted to $272 million, which increased 12.9% year over year.
Segmental Performance of PEGPSE&G: This segment’s net income was $577 million, up from $546 million in the first quarter of 2025.
PSEG Power & Other: Adjusted operating income for this unit amounted to $201 million compared with $172 million in the prior-year quarter.
Financial Update of PEGThe long-term debt (including the current portion of the long-term debt) as of March 31, 2026 was $23.09 billion compared with $22.55 billion as of Dec. 31, 2025.
The net cash flow from operating activities was $1.27 billion during the first three months of 2026 compared with $1.05 billion during the first three months of 2025.
PEG’s 2026 GuidancePEG expects adjusted earnings to be in the range of $4.28-$4.40 per share. The Zacks Consensus Estimate for earnings is currently pegged at $4.36, which lies above the midpoint of the company’s guided range.
PEG’s Zacks RankPEG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility ReleasesEdison International (EIX - Free Report) reported first-quarter 2026 adjusted earnings of $1.42 per share, which surpassed the Zacks Consensus Estimate of $1.32 by 7.6%. The bottom line also increased 3.6% from $1.37 in the year-ago quarter.
Edison International's first-quarter operating revenues totaled $4.1 billion, which beat the Zacks Consensus Estimate of $3.99 billion by 2.8%. The top line also increased 7.7% from the year-ago quarter’s figure of $3.81 billion.
CenterPoint Energy, Inc. (CNP - Free Report) reported first-quarter 2026 adjusted earnings of 56 cents per share, which missed the Zacks Consensus Estimate of 58 cents by 3.8%. However, the bottom line increased 5.7% from 53 cents in the year-ago quarter.
CNP generated revenues of $2.98 billion, which lagged the Zacks Consensus Estimate of $3.04 billion by 1.4%. However, the top line improved 2% from the year-ago reported figure of $2.92 billion.
PG&E Corporation (PCG - Free Report) reported first-quarter 2026 adjusted earnings per share (EPS) of 43 cents, which beat the Zacks Consensus Estimate of 39 cents by 10.3%. The bottom line also increased 30.3% from the year-ago quarter’s figure of 33 cents.
PCG reported first-quarter total revenues of $6.88 billion, up 15% from $5.98 billion registered in the year-ago period. The top line also surpassed the Zacks Consensus Estimate of $6.46 billion by 6.6%.
, /PRNewswire/ -- Public Service Enterprise Group (PSEG), a predominantly regulated energy infrastructure company serving approximately 2.4 million electric and 1.9 million natural gas customers in New Jersey, has once again been named to the Dow Jones Best-in-Class North America Index (formerly Dow Jones Sustainability Index) for the 18th consecutive year.
This recognition highlights how PSEG cares for the people and communities we serve, and how our business strategy and operations guide that care.
The Dow Jones Best-in-Class North America Index from S&P Global recognizes companies for their long-term environmental performance, sustainability practices and community and workforce support.
"Being recognized on the Dow Jones Index again this year reinforces PSEG's longstanding commitment to sustainable practices in its operations," said Rick Thigpen, senior vice president for corporate citizenship. "By respecting the environment, caring for our communities and developing our workforce we are taking steps to help create a stronger and more resilient future for everyone. This recognition continues to highlight that our value creation mission which starts with operational excellence and financial discipline continues to be enhanced by practices that further stakeholder alignment and community engagement."
PSEG's focus on sustainable operations
PSEG continues to focus on sustainability, including energy efficiency and biodiversity. Recent examples of sustainability-related work include:
Expanding energy efficiency programs that help customers save energy and save nearly $960 million per yearContinuing to operate PSEG's nuclear plants in South Jersey, which provide over 80% of New Jersey's carbon-free generation and 40% of New Jersey's total energyContinuing work that has reduced operational greenhouse gas (GHG) emissions. PSEG previously achieved a 95 percent reduction in Scope 1 and 2 operational GHG emissions from the 2005 baseline through strategic initiatives such as retiring older fossil generation, divesting remaining fossil assets, modernizing the gas system, upgrading equipment and improving efficiency across facilitiesA vegetation management program that incorporates biodiversity initiatives such as pollinator habitat protection and tree plantingsHow PSEG takes care of communities
PSEG aims to deliver safe, reliable energy and be thoughtful about how we show up for New Jersey. PSEG's work to support the communities we serve includes:
Launching a Community Relief Initiative together with the PSEG Foundation that distributed grants to over 25 local organizations that provide critical assistance including energy assistance, housing relief and food assistance to households facing economic hardshipDonating approximately $12.8 million to local charitable causes in 2025 through the PSEG Foundation and corporate giving initiatives aligned with our Corporate Social Responsibility prioritiesContributing approximately $2.4 billion in spending to New Jersey's economy in 2025.And we fight for our customers: recently FERC delivered good news agreeing with PSE&G that a settlement signed by all PJM Transmission Owners except PSE&G would unfairly shift transmission costs on to New Jersey customers. We work hard to keep costs as low as possible and this includes advocating for policies that make sense for the people of New Jersey.
How PSEG supports and develops our workforce
PSEG also continues to support our approximately 13,000-person workforce. We aim to build a sustainable pipeline of career-ready talent in skilled trades and critical roles, strengthening community relationships and supporting future business needs. This work includes:
Efforts to advance workplace safety and create a safety-first mindset that allows all our employees to go home from work the same way or better than they arrivedOngoing support of career development, reskilling and building connections that attract, develop and retain a workforce that can meet the demands of the futureContinuing our technical school program where we host PSEG days at technical schools in our service territory and hire graduating seniors into full-time roles with offers made on the spotContinuing to sponsor the Clean Energy Jobs Program which has helped place more than 9,300 individuals into clean energy careers since its inceptionEarning a place on the Best-in-Class Index for nearly two decades reflects the dedication of PSEG employees who lead with care every day. PSEG will continue investing in solutions that support customers, strengthen communities and help build a stronger energy future.
About PSEG
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Best in Class North America Index for 18 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).
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I am reiterating SanDisk Corporation (SNDK) as a Strong Buy with a $2,380 price target, reflecting a 40.5% upside potential. My main growth drivers are AI data center storage demand, enterprise SSD strength, the coming QLC Stargate ramp and long-term customer agreement that should this NAND cycle less fragile. These growth drivers support an estimated $37.75 billion in annualized revenue and estimated $119 FWD EPS.
Residential customers continue to benefit from the region's lowest gas supply rates as a result of cost management, long-term planning and operational excellence.
, /PRNewswire/ -- PSE&G today announced a filing to lower residential gas heating bills by 5% effective October 1, 2026. Despite a volatile natural gas market during this past winter, PSE&G's strategic and long-term planning efforts have helped maintain the lowest bills in the state and region. This reinforces the company's commitment to providing safe, reliable and cost-effective energy to nearly 1.9 million gas customers across New Jersey and caring for our customers.
Long before colder temperatures arrive, PSE&G is working on behalf of customers to help keep winter heating costs as stable and predictable as possible. Throughout the year, teams monitor energy markets, forecast customer demand and secure natural gas in advance of peak heating season. PSE&G's long-term planning approach to natural gas procurement helps reduce exposure to market volatility and supports more predictable energy costs for customers when they need heating the most.
As a result, customers continue to benefit from the lowest residential gas bills in the region and greater protection from the price volatility that can impact energy markets.
"Keeping energy affordable for our customers requires planning, discipline and a long-term approach," said Brian Clark, Senior Vice President of Gas Operations. "By securing supply in advance, maintaining access to valuable storage resources and managing costs responsibly, we're able to help customers avoid many of the market swings that can lead to higher winter heating bills."
Planning Today with Customers in Mind
Natural gas demand is highly seasonal, with approximately two-thirds of residential gas usage occurring between December and March.
Rather than purchasing gas only during periods of peak demand—when prices are often highest—PSE&G purchases much of its supply months or even years in advance.
This long-term approach helps lower costs, reduce exposure to market spikes and provide customers with more predictable gas bills during the winter months.
A Long-Term Advantage for Customers
One of the ways PSE&G helps manage costs is through long-standing access to natural gas storage resources. By purchasing gas when market prices are lower and storing it for future use, PSE&G can better manage supply during periods of higher demand. For customers, that means added protection from sudden price increases and a more stable gas supply cost over time.
Reliable Supply, Closer to Home
PSE&G also benefits from sourcing approximately 90% of its residential gas supply from the Marcellus Shale region in Pennsylvania, one of the nation's largest and most cost-effective natural gas-producing areas.
Because the supply is located close to New Jersey, transportation costs are lower and the company is less exposed to disruptions that can affect more distant supply sources. Combined with a diverse network of pipelines and suppliers, this strategy helps strengthen reliability while keeping costs in check.
Delivering Value Every Day
Behind every customer's bill is a year-round effort by employees across PSE&G who plan with care, procure, operate and maintain the systems that deliver natural gas safely. This helps ensure that our customers have safe, reliable gas during the coldest winter temperatures.
Much of this work takes place long before winter arrives, but its impact is felt when customers need it most: through reliable service, more stable energy costs and the lowest gas bills in the region.
For more on how we work to deliver the region's lowest cost, high quality gas service to customers, read: How PSE&G keeps residential gas bills low.
About PSE&G
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Sustainability North America Index for 17 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).
View original content to download multimedia:https://www.prnewswire.com/news-releases/pseg-proposes-lowering-gas-bills-by-5--maintaining-the-lowest-gas-bills-in-the-state-and-region-302792642.html
SOURCE Public Service Electric & Gas Company (PSE&G)
