Trade Public Service Enterprise Group Inc - PEG CFD

Publice Service Company profile

About Public Service Enterprise Group Inc.

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company principally conducts its business through two direct wholly owned subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). Its segments include PSE&G and PSEG Power. Its PSE&G segment is principally engaged in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. PSE&G also invests in regulated solar generation projects and energy-related programs in New Jersey. PSEG Power is a multi-regional energy supply company that integrates the operations of its merchant nuclear and fossil generating assets with its fuel supply functions through energy sales in energy markets primarily in the Northeast and Mid-Atlantic United States through its principal direct wholly owned subsidiaries.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Public Service Enterprise Group Inc. revenues increased 1% to $9.72B. Net loss totaled $648M vs. income of $1.91B. Revenues reflect PSE&G segment increase of 8% to $7.12B, Other segment increase of 4% to $620M. Net loss reflects PSEG Power segment loss totaling $2.71B vs. income of $603M. Dividend per share increased from $1.96 to $2.04.

Equity composition

Common Stock no Par, 3/11, 1B auth., 533,556,660 issd., less 27,651,927 shs. in Treas. @ $597M. Insiders own 0.12%. PO 11/02, 15M shs @ $26.55 by JP Morgan. Partic. Units 9.2M issd. Preferred Secs 22.35M issd. Cum.Pref. Stock 795,234 issd. Monthly Guaranteed 2.4M issd.