Of this total $1,380,000 was received as a salary, $2,052,800 was received as a bonus, $0 was received in stock options, $7,395,089 was awarded as stock and $60,338 came from other types of compensation. In 2001, PSEG received The Walter B. Jones Memorial and NOAA Excellence Awards in Coastal and Ocean Resource Management[21] in the category of Excellence in Business Leadership for its Estuary Enhancement Program. TheStreet Ratings Team has this to say about their recommendation: "We rate PUBLIC SERVICE ENTRP GRP INC (PEG) a BUY. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Public Service Enterprise Group Incorporated operates in the energy industry primarily in the northeastern and mid Atlantic United States. PEG, with its decline in revenue, slightly underperformed the industry average of 2.2%. Separately, TheStreet Ratings team rates PUBLIC SERVICE ENTRP GRP INC as a Buy with a ratings score of B+.

NEW YORK (TheStreet) -- Public Service Enterprise Group (PEG) - Get Report closed trading up 0.99% to $41.67 on Friday following the release of its second quarter earnings results before the opening bell today.

PSCT was renamed Transport of New Jersey in 1971, and sold to New Jersey Transit in 1980, leaving PSE&G exclusively in the utility business.[11]. Of this total $569,300 was received as a salary, $576,500 was received as a bonus, $0 was received in stock options, $1,100,050 was awarded as stock and $26,464 came from other types of compensation. © 2020 TheStreet, Inc. All rights reserved. Governor Andrew Cuomo[29] threatened to take away operating licenses from PSEG and ConEdison, while Nassau County Executive Laura Curran along with several state senators called for reimbursment to customers for their failure to respond quickly. Public Service Enterprise Group Ratings Report. Also in 1928, Public Service Coordinated Transport was formed as an umbrella for the transit businesses. The company primarily operates as a wholesale energy supply company that integrates its generating asset operations through its wholesale energy, fuel supply, energy trading, and marketing and risk management activities. The Public Service Electric and Gas Company, commonly referred to as PSE&G, is the primary subsidiary of the Public Service Enterprise Group (PSEG) and was established in 1928. Analysts had forecast earnings of $2.47 a share. For the full year, the Newark, NJ-based business generated net income of $2.58 a share on $9.967 billion in sales. Since the same quarter one year prior, revenues slightly dropped by 3.1%. PSEG Nuclear operates three nuclear reactors at two facilities in Lower Alloways Creek Township. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.".

This implies a minor weakness in the organization. PSE&G/PSEG origins date back to 1903 with the defunct Public Service Corporation.

The company also involves in the transmission of electricity and distribution of electricity and natural gas to residential, commercial, and industrial customers, as well as invests in the development of solar generation projects and energy efficiency programs. [30], Public Service Electric and Gas Company history, "PUBLIC SERVICE ENTERPRISE GROUP INC 2013 Annual Report Form (10-K)", "PEG: Profile for Public Service Enterprise Group - Yahoo! Exelon also operates two reactors at Peach Bottom Nuclear Generating Station in a 50/50 joint venture with PSEG.[18]. The chart on this page features a breakdown of the total annual pay for Susan Tomasky at PUBLIC SERVICE ENTRP GRP INC as reported in their proxy statements.. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. The firm said it lowered its rating on the energy company as it feels "the western portion of [the Eastern grid organizer] PJM will be more leveraged to power price improvements versus the east. torchmark corp biomet inc ; paychex inc . Public Service Enterprise Group (NYSE:PEG) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. The company's current return on equity has slightly decreased from the same quarter one year prior. Action Alerts PLUS is a registered trademark of TheStreet, Inc. [19] This system operates under an agreement with the Long Island Power Authority, the state agency that owns the system, that went into effect January 1, 2014. As Chairman of the Board, President & CEO at PUBLIC SERVICE ENTRP GRP INC, Ralph Izzo made $10,888,227 in total compensation. Public Service Enterprise (PEG) was downgraded to 'hold' from 'buy' at Jefferies Group. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.". However, we anticipate this trend reversing over the coming year. PUBLIC SERVICE ENTRP GRP INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. bp plc public service entrp grp inc safeco corp scana corp southern co ; state street corp . The average salary for Desktop Support Tech III at companies like PUBLIC SERVICE ENTERPRISE GROUP INC in the United States is $75,830 as of September 25, 2020, but the range typically falls between $66,990 and $85,120.

Learn more. If you experience … The Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company headquartered in Newark, New Jersey and was established in 1985 with a legacy dating back to 1903. l brands inc fedex corp 1; aqua america inc chrysler corp . Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Pre-tax profit of $304 million was more than double consensus of $138.03 million.

During the past fiscal year, PUBLIC SERVICE ENTRP GRP INC reported lower earnings of $2.45 versus $2.51 in the prior year. © 2020 TheStreet, Inc. All rights reserved.

PEG, with its decline in revenue, slightly underperformed the industry average of 7.2%. The debt-to-equity ratio is somewhat low, currently at 0.76, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. TheStreet Ratings team rates PUBLIC SERVICE ENTRP GRP INC as a Buy with a ratings score of B. Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Public Service Enterprise Group Incorporated operates in the energy industry primarily in the northeastern and mid Atlantic United States. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. [24], In August of 2020, about 400,000[25] customers on Long Island and 490,000 customers in New Jersey[26] under the jurisdiction of PSEG were left without power as a result of Hurricane Isaias. In 1928, the corporation merged its electric and gas utilities into a single company, PSE&G. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. ", "Most of the planned new construction is in PJM East where PSEG power plant's are located and most of the scheduled coal plant retirements are in the western part of PJM," the company continued.Must Read: Warren Buffett's 25 Favorite Stocks. Management issued operating earnings guidance for fiscal 2014 between $2.55 and $2.75 a share. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Of this total $620,000 was received as a salary, $562,700 was received as a bonus, $0 was received in stock options, $1,300,054 was awarded as stock and $29,974 came from other types of compensation. has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. This information is according to proxy statements filed for the 2019 … Our businesses performed well. As a member of Board of Directors at PUBLIC SERVICE ENTERPRISE GROUP INC, Barry H. Ostrowsky made $283,501 in total compensation. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. PSEG's distribution voltages are 13,000 volts and 4,160 volts. Public Service Enterprise Group (PEG) shares climbed today after the company beat analysts' top and bottom line guidance. © 2020 TheStreet, Inc. All rights reserved. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below.

As of August 10, 2020, around 42,000 Long Island customers were still without power,[27] while around 20,000 New Jersey customers were without power. As EVP & General Counsel at PUBLIC SERVICE ENTRP GRP INC, Tamara L. Linde made $2,512,728 in total compensation. Despite the fact that PEG's debt-to-equity ratio is low, the quick ratio, which is currently 0.54, displays a potential problem in covering short-term cash needs. Public Service Enterprise Group has a market cap of $18.5 billion and is part of the utilities sector and utilities industry. See his top picks for 14-days FREE. As President & COO (PSE&G) at PUBLIC SERVICE ENTERPRISE GROUP INC, David M. Daly made $2,272,314 in total compensation.



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