Public Service Enterprise Group Inc
Top Utility Stocks’ Wall Street Ratings and Price Targets
Many top utility stocks are offering flattish potential upside due to the recent rally, based on analysts’ estimates.
Is There Any Steam Left in Top Utility Gainers of 2019?
AES Corporation (AES) stock, the top gainer of 2019, offers an estimated gain of just 0.5% for the next 12 months based on analysts’ target price of $17.8.
A Look at Top Gainers in the Utilities Sector This Year
AES Corporation (AES) stock has continued last year’s uptrend in 2019 as well.
Utility Stocks Received a Target Price Change Last Week
Analysts seem to be cautious about Xcel Energy stock. RBC raised Xcel Energy’s target price from $49.0 to $53.0 on January 18.
Public Service Enterprise Group: Analysts’ Views and Estimates
Public Service Enterprise Group (PEG) stock returned 5% last year, largely mirroring broader utilities.
How Public Service Enterprise’s Valuation Compares with Peers’
Public Service Enterprise (PEG), valued at $28.2 billion, is a diversified utility that provides electricity and gas to ~4 million customers.
Is Dominion Trading at a Premium Compared to Its Peers?
Dominion Energy’s (D) EV-to-EBITDA (enterprise value-to-EBITDA) multiple is 14.05x, and its five-year average EV-to-EBITDA multiple is 14.11x.
How FirstEnergy Stock Is Valued Compared to Its Peers
FirstEnergy (FE) stock is currently trading at an EV-to-EBITDA valuation multiple of 8.1x, which is lower than its five-year average of 9.0x.
How Exelon Stock Is Valued Compared to Its Peers
Exelon (EXC) is currently trading at an enterprise-value-to-EBITDA valuation multiple of 8.0x, which is higher than its five-year average.
FirstEnergy’s Price Targets and Analysts’ Recommendations
According to Wall Street analysts, FirstEnergy (FE) stock has a mean target price of $37.50. Its current market price is $36.50.
PEG Stock Compared to Its Peers in the Past Year
Among the 14 analysts covering PEG, three recommend it as a “strong buy,” six recommend it as a “buy,” and five recommend it as a “hold.”
FirstEnergy Stock Looks Attractively Valued Compared to Peers
FirstEnergy (FE) stock is currently trading at an EV-to-EBITDA valuation multiple of 8.0x, which is lower than its five-year historical average of 9.0x.
How FirstEnergy Stock Is Currently Valued
FirstEnergy (FE) stock has soared more than 15% in the last three months, significantly outperforming broader utilities (XLU).
FirstEnergy Stock’s Current Valuation
FirstEnergy (FE) stock is currently trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation of 8.4x.
Exelon’s Price Targets and Wall Street’s Opinion
In this series, we’re analyzing analysts’ favorite stocks from the S&P 500 Utilities Index (XLU). We’ll look at Exelon (EXC) in this part.
Institutional Investment in PEG in 4Q17
The Vanguard Group added net 0.46 million shares of Public Service Enterprise Group (PEG) in 4Q17.
How FirstEnergy’s Dividend Yield Compares to Peers
Currently, FirstEnergy (FE) is one of the top-yielding utilities among the S&P 500 Utilities (XLU).
An Investor’s Guide: A Look at the 10 Largest S&P 500 Utilities
In this series, we’ll take a look at the top ten largest utility stocks of the S&P 500 Index. We’ll discuss their recent stock performances, valuations, and price targets.
Behind FirstEnergy’s Price Targets and Analyst Views
FirstEnergy stock offers a potential gain of 10% over the next year. The stock has a mean price target of $34.47, compared with its current market price of $31.38.
How Analysts Currently View Public Service Enterprise Stock
In 2017, Public Service Enterprise Group stock has managed to rise nearly 20%.
Looking at the Price Targets of Top-Yielding SPX Utilities
Public Service Enterprise Group (PEG) has a mean price target of $48.35 against its current price level of $45.60. This indicates a possible gain of ~6.0% going forward.
Why FirstEnergy Stock Is Cheap Compared to Peers
FirstEnergy stock has been in a downtrend for several years—which could be why it’s trading at such a deep discount to its historical and industry averages.
Inside FirstEnergy Stock Today: What the Analysts Think
FE has an estimated upside of 16%, with a price target of $33.53, as compared to its current market price of $28.91.
Why Hybrid Utilities’ Yields Might Be Misleading
Hybrid utility FirstEnergy (FE) is presently trading at one of the highest dividend yields of 4.9%.
EXC, FE, and PEG: Is Leverage a Concern for Competitive Utilities?
Exelon’s (EXC) leverage ratio is about 3.8x. The industry average stands around 3.5x–4.0x.
Which Utility Has Posted the Most Revenue Growth?
With a $34 billion market capitalization, Exelon (EXC) is the largest competitive utility.
Total Returns: Exelon Beat Peers by a Fair Margin
Exelon (EXC) has outperformed peers in terms of total returns in the last 12 months.
EXC, FE, and PEG: Are Hybrid Utilities Really Worth the Risk?
US utilities including giants like Duke Energy (DUK) and Southern Company (SO) have done fairly well in the last few months compared to broader markets.
Is FirstEnergy Stock Fairly Valued?
FirstEnergy (FE) appears to be trading at a fair valuation compared to its peers. Currently, it’s trading at an EV-to-EBITDA ratio of 7.7x.
Exelon’s Expected 4Q16 Earnings and Growth Prospects
According to analysts’ estimates, Exelon (EXC) is expected to report earnings of $0.45 per share in 4Q16. In 4Q15, it posted earnings of $0.38 per share.
Will Exelon Beat Analysts’ Revenue Estimates in 4Q16?
Exelon will report its 4Q16 and fiscal 2016 financial results on February 8, 2017. Analysts expect it to report total revenues of $7,488 million for 4Q16.
Why NRG Energy’s Implied Volatility Is Elevated
On January 18, 2017, NRG Energy (NRG) had the highest implied volatility among the utility companies that make up the Utilities Select Sector SPDR ETF (XLU).
EXC, FE, and PEG: A Look at Utilities’ Dividend Growth
FirstEnergy’s (FE) dividends fell 13% annually in the last five years. In 2014, FE cut its quarterly dividends from $0.55 per share to $0.36 per share.
Which Utility Has the Most Concerning Leverage?
Exelon Corporation (EXC) had net debt of $34 billion at the end of 3Q16. EXC has a net debt-to-EBITDA ratio of 4.5x, slightly above the industry average.
Analyzing Hybrid Utilities’ Earnings and Growth Drivers
FirstEnergy (FE) has been struggling during the last few years due to volatile power prices. Pennsylvania and Ohio are some of FirstEnergy’s key markets.
Which Hybrid Utility Has the Cleanest Generation Mix?
US utilities switched their generation from coal to low-emitting natural gas in the last few years. Among our hand-picked hybrid utilities, FirstEnergy (FE) still derives more than 55% of its power from coal.
EXC, FE, and PEG: What Do Their Current Valuations Indicate?
FirstEnergy (FE) is currently trading at an EV-to-EBITDA valuation of 9x while the multiple of Public Service Enterprise Group (PEG) stands at 9.3x.
Exelon Beats Earnings Estimates, Raises Guidance
Exelon Corporation (EXC) reported its third quarter earnings on October 26, 2016. It reported earnings of $0.91 per share for the quarter.
Hybrids Continue to Depend on Utility Operations: Understanding PEG, EXC, FE
Public Service Enterprise Group (PEG) is expected to report earnings of $0.84 per share in the third quarter of 2016. It earned $0.80 per share in 3Q15.
Southern Company Focuses on This for Revenue Growth
Southern Company will announce its 3Q16 financial results on October 31, 2016. For the quarter, analysts are expecting the company to report sales of $6 billion.
A Look at Electricity Generation by Region
Electricity generation in the United States came in at 72.7 million MWh (megawatt-hours) in the week ended October 7, 2016.
The Word on the Street: What Analysts Are Saying about Exelon Now
According to analyst estimates, Exelon (EXC) has a one-year price target of $38.20, as compared to its current market price of $32.0.
Understanding FirstEnergy’s Technical Indicators and Short Interest
Competitive utility stocks had a rough ride this year, given low wholesale power prices. But FirstEnergy has gained in the past few trading sessions.
Most US Regions Are Reporting Lower Electricity Generation
Electricity generation in the United States rose marginally to 85.4 million MWh in the week ended September 9, 2016, driven by higher generation in the Central Industrial region.
Analyzing Exelon’s Forward Dividend Yield
Exelon (EXC) is currently trading at a forward dividend yield of 3.6%. Here’s what you need to know.
What’s Public Service Enterprise’s Valuation after 2Q Earnings?
As of July 29, 2016, Public Service Enterprise Group (PEG) is trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 9x.
Exelon and Other Hybrid Utilities: What They Offer Investors
Considering the subdued dividend growth and small expected capital gains, hybrid utilities (PEG) (FE) seem to be unattractive for investors.
How Distributed Generation Affects Unregulated Utilities’ Margins
Technological advancements have brought us to distributed generation, where few to no transmission lines are used.
Is PPL Ignoring the Clean Power Plan?
PPL has an ambitious capital spending plan of ~$15 billion through 2020. Its regulated asset base will go from $25 billion in 2015 to $32 billion in 2020.
Utilities’ Free Cash Flow Continues Downtrend, AEP No Exception
AEP’s free cash flow for 2015 declined to $218 million from $367 million in 2014.
American Electric Power’s 1Q16 Earnings: EPS Fell by 20%
American Electric Power’s total revenues in the quarter came in at $4 billion, missing analysts’ estimates. It reported revenues of $4.7 billion in the same quarter last year.
PEG Maintains Its Guidance despite an Earnings Fall in 1Q16
Public Service Enterprise Group’s (PEG) management reiterated its fiscal 2016 earnings guidance range of $2.80–$3.00 per share.
WEC Energy’s Forward Yields and Dividend Growth
Among our selected group of utilities, WEC Energy Group (WEC) has the highest expected dividend growth for the next two years. It’s trading at a forward yield of 3.4%.
Are Unregulated Utilities Still Undervalued?
Utilities (VPU) with heavy unregulated operations are expected to continue to struggle in 2016 too. Weaker power prices in the unregulated domain may impact their earnings.
NextEra’s Dividends to Grow by 13%, First Energy’s to Remain Flat?
NextEra Energy (NEE) is trading at a comparatively lower forward dividend yield than its peers. However, it has the highest expected dividend growth in the next two years.
PPL Expects Aggressive Earnings amid Minimal Load Growth in 2016
Though PPL reported losses in 2015 due to the spin-off of its competitive energy business, its business risk profile has improved.
Exelon Misses 4Q15 Earnings but Beats Revenue Estimates
Exelon (EXC) declared its 4Q15 results on February 3, 2016. It missed earnings but beat revenues compared to analysts’ estimates.
PEG Raised Dividends in 2015, but Forward Dividend Yield Is Flat
Public Service Enterprise (PEG) has a strong dividend-paying history, and it has maintained an annual dividend growth rate of 2.6% in the last five years.
Public Service Enterprise Is Underleveraged Compared to Peers
Public Service Enterprise (PEG) has a $13 billion capital spending plan for the next five years. This will be mainly funded by long-term debt financing.
Transmission May Account for 50% of PEG’s Future Capital Spending
Given the centralized power generation model of Public Service Enterprise Group (PEG), expanding its transmission infrastructure is a necessity in order to grow.
Why Interest Rates Will Be a Key Indicator for Utilities in 2016
US utilities (IDU) had a dismal performance in 2015 in part due to the fear of higher interest rates.
PEG Will Strengthen Generation Fleet with Gas-Fired Power Plants
Public Service Enterprise Group (PEG) is aggressively increasing its generation fleet with a focus on gas and nuclear energy sources.
PEG Sees Bright Future with a Focus on Transmission
Public Service Enterprise Group (PEG) is one of the largest and oldest utilities in North America. Its aging infrastructure has become a serious obstacle in its growth over the last couple of years.
All US Divisions Reported Drop in Electricity Generation
Electricity generation in the US came in at 70.2 million MWh in the week ended December 25. All nine census regions in the US reported a drop in electricity generation during the week.
Electricity Generation Drops Again on Warmer Weather
Six of the nine census regions in the United States reported an increase in electricity generation during the week ended December 18, 2015.
Electricity Generation Rises in All Census Regions in the US
All nine census regions in the US reported gains in electricity generation during the week that ended December 4.
Southeast, Central, and Northwest Drive Electricity Generation
The Southeast division is the largest division in the United States for electricity generation. It saw an increase of 482,000 MWh, or 2.8%, in electricity production to 17.5 million MWh.
Electricity Generation Falls in All Census Divisions
the electricity generation in the US fell by 3.5% to 71.1 million mWh. Electricity generation fell in all of the nine census divisions during the week ended October 9.
Electricity Generation Falls in All Major US Census Divisions
Electricity generation in the United States dropped 4.7% to 83.5 million megawatt-hours during the week ending August 28.
Central Division Leads the Fall in US Electricity Generation
Electricity generation in the US dropped 0.5% to 87.6 million megawatt hours during the week ended August 21. Electricity generation in five out of nine census regions fell during the week.
Covanta Holding’s Northeast US Facilities
Covanta Holding’s southeastern Massachusetts facility is a 2,700 tons per day, 78 megawatt plant servicing 60 communities. The plant uses a technology called refuse derived fuels.
Gainers in the Utilities Sector on April 22
After falling by 0.9% on April 21, the Utilities Select Sector SPDR ETF (XLU) posted marginal gains of 0.2% on Wednesday, April 22.
April Begins with Only 5 Losers in the Power Utilities Sector
While most power utilities (XLU) gained during the last week, five saw their stock prices drop. ITC Holdings (ITC) lost 2.4% to finish at $36.41.
Friday the 13th is good for MGE Energy
MGE Energy rose 4.2% to end the March 13 week at $42.52 with a market capitalization of $1.5 billion. An interim report signaled strong annual earnings.
US industrial production slows down in February
The Federal Reserve released industrial production data for February. Industrial production edged up by 0.1% in February against the expected 0.3%.
Utility bulls: The stocks that charged up the US power sector
Apart from Dynegy, Public Service Enterprise Group and First Energy were the top gainers in the US power sector last week.
NextEra Energy may be the greenest utility, but not the cleanest
NextEra ranks seventh in efficiency. Yet although NextEra is not the cleanest power utility in the US, its emissions are among the lowest in the industry.
NextEra efficiencies fire strong operational profits
While profits from the regulated segment have grown over the years, profits from the competitive, or unregulated, segment have fallen.
Residential sector drags US electricity consumption
The industrial sector’s electricity consumption has been strong this year, registering positive year-over-year electricity consumption growth for the last consecutive seven months.
Why falling natural gas prices could shake the power industry
Contrary to popular belief, falling natural gas prices affect power companies adversely. Unregulated power companies are more exposed to the risk of falling gas prices than regulated utilities.
Where do First Energy’s valuation multiples stand against its peers?
For the current year, First Energy is trading at a higher EV/EBITDA than to its peers. However, the drop in forward EV/EBITDA multiples for First Energy is much steeper than its peers.
Investors should be cautious of First Energy’s rising debt levels
First Energy’s increase in debt in recent years has affected the company’s debt ratios. First Energy’s debt to equity (or DE) ratio is 1.62x. This is relatively higher than the average DE ratio of 1.32x
First Energy’s revenue mainly from regulated T&D
First Energy operates in six northeastern U.S. states. This translates to a service territory of 65,000 square miles. These states are allowed deregulation of electricity, but First Energy’s T&D network remains regulated.
How AES uses its cash
By the end of 2014, AES Corporation (AES) expects to have between $1.68 billion and $1.75 billion in cash at its disposal.
Exelon Generation capacity driven by nuclear plants
Nuclear power plants contribute a high proportion of the electricity produced by Exelon. More than 50% of the company’s capacity is driven by its nuclear fleet.
Exelon’s strong overall stock performance in 3Q14
Exelon is one of the best-performing stocks in the power utility industry. It’s seen gains throughout the third quarter.
Must-know: Who owns Dominion?
Institutional investors hold most of Dominion Resources’ (D) outstanding shares. As of June 30, 2014, a total of 351.2 million shares were held by 1,069 institutions.
Why electricity demand is linked to GDP
Electricity is the backbone of a nation’s progress. All of the industries need electricity to operate—directly or indirectly. When a business flourishes, the electricity consumption increases.
Why residential and commercial segments are important
The residential and commercial sectors are the largest electricity consumers. They use almost three quarters of the electricity produced in the U.S.
Why Exelon has healthy debt and leverage
The power utilities business is a capital intensive business. This is why utility companies’ debt is higher than other industries.
Why Exelon is limited to transmission and delivery
Exelon (EXC) split its generation business and its utility business. This means Exelon’s utility subsidiaries’ function is limited to the transmission and delivery of electricity.
Must-know: Exelon’s position in the power industry
Exelon Corporation (EXC) is one of the largest power companies in the U.S. In 2013, Exelon reported operating revenues of $24.9 billion.