Jefferies Raised Price Target on Public Service Enterprise (PEG) to $44 Following a Strong 4Q

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Go back to Jefferies Raised Price Target on Public Service Enterprise (PEG) to $44 Following a Strong 4Q

PSEG Announces 2015 Results

February 19, 2016 7:30 AM EST

NEWARK, N.J., Feb. 19, 2016 /PRNewswire/ -- Public Service Enterprise Group (PSEG) reported today 2015 Net Income of $1,679 million or $3.30 per share as compared to Net Income of $1,518 million, or $2.99 per share for 2014.  Operating Earnings for the year 2015 were $1,476 million or $2.91 per share compared to 2014 Operating Earnings of $1,400 million or $2.76 per share.

PSEG also reported Net Income for the fourth quarter of 2015 of $309 million, or $0.60 per share.  This compares to fourth quarter 2014 Net Income of $476 million, or $0.94 per share.  Operating Earnings for the fourth quarter of 2015 were $255 million, or... More