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Public Service Electric & Gas (PEG)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
70.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 964 944 +2.1%
Opened positions 118 154 -23.4%
Closed positions 98 76 +28.9%
Increased positions 353 322 +9.6%
Reduced positions 318 293 +8.5%
13F shares Current Prev Q Change
Total value 24.59B 23.93B +2.8%
Total shares 352.08M 358.81M -1.9%
Total puts 288.4K 77.2K +273.6%
Total calls 583.9K 608.2K -4.0%
Total put/call ratio 0.5 0.1 +289.1%
Largest owners Shares Value Change
BLK Blackrock 47.25M $3.31B -5.9%
Vanguard 43.65M $3.06B +2.7%
STT State Street 30.64M $2.15B +8.0%
Capital Research Global Investors 26.01M $1.82B +13.8%
TROW T. Rowe Price 11.25M $787.48M -47.7%
Geode Capital Management 9.52M $664.85M -1.1%
JPM JPMorgan Chase & Co. 7.77M $543.79M -6.7%
Capital World Investors 7.66M $536.23M -7.6%
Nordea Investment Management Ab 6.48M $459M -33.7%
NTRS Northern Trust 6.03M $422.24M +1.2%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 11.25M -10.25M -47.7%
Nordea Investment Management Ab 6.48M -3.29M -33.7%
Capital Research Global Investors 26.01M +3.14M +13.8%
BLK Blackrock 47.25M -2.99M -5.9%
STT State Street 30.64M +2.26M +8.0%
AMP Ameriprise Financial 4.48M +1.89M +73.1%
CNS Cohen & Steers 512.06K -1.77M -77.6%
Clearbridge Advisors 1.94M -1.52M -44.0%
Norges Bank 0 -1.26M EXIT
PRU Prudential Financial 1.89M +1.25M +196.2%

Financial report summary

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Risks
  • Inability to successfully develop, obtain regulatory approval for, or construct T&D, and solar and wind generation projects could adversely impact our businesses.
  • We are subject to physical, financial and transition risks related to climate change, including potentially increased legislative and regulatory burdens and changing customer preferences, and we may be subject to lawsuits, all of which could impact our businesses and results of operations.
  • We may be adversely affected by asset and equipment failures, critical operating technology or business system failures, accidents, natural disasters, severe weather events, acts of war or terrorism, sabotage, cyberattack, or other incidents, including pandemics such as the ongoing coronavirus pandemic, that impact our ability to provide safe and reliable service to our customers and remain competitive and could result in substantial financial losses.
  • Any inability to recover the carrying amount of our long-lived assets could result in future impairment charges which could have a material adverse impact on our financial condition and results of operations.
  • Disruptions or cost increases in our supply chain, including labor shortages, could materially impact our business.
  • Inability to maintain sufficient liquidity in the amounts and at the times needed or access sufficient capital at reasonable rates or on commercially reasonable terms could adversely impact our business.
  • Cybersecurity attacks or intrusions or other disruptions to our information technology, operational or other systems could adversely impact our businesses.
  • Our financial condition and results of operations could be adversely affected by the ongoing coronavirus pandemic.
  • Increases in the costs of equipment and materials, fuel, services and labor could adversely affect our operating results.
  • Covenants in our debt instruments may adversely affect our business.
  • Financial market performance directly affects the asset values of our Nuclear Decommissioning Trust (NDT) Fund and defined benefit plan trust funds. Market performance and other factors could decrease the value of trust assets and could result in the need for significant additional funding.
  • Failure to complete, or delays in completing, our proposed investment in the Ocean Wind project could adversely impact our businesses and prospects.
  • Fluctuations in the wholesale power and natural gas markets could negatively affect our financial condition, results of operations and cash flows.
  • We may be unable to obtain an adequate fuel supply in the future.
  • Operation of our generating stations are subject to market risks that are beyond our control.
  • The introduction or expansion of technologies related to energy generation, distribution and consumption and changes in customer usage patterns could adversely impact us.
  • We are subject to third-party credit risk relating to our sale of generation output and purchase of fuel.
  • There may be periods when PSEG Power may not be able to meet its commitments under forward sale obligations at a reasonable cost or at all.
  • Certain of our generation facilities rely on transmission facilities that we do not own or control and that may be subject to transmission constraints. Transmission facility owners’ inability to maintain adequate transmission capacity could restrict our ability to deliver wholesale electric power to our customers and we may either incur additional costs or forgo revenues. Conversely, improvements to certain transmission systems could also reduce revenues.
  • PSE&G’s revenues, earnings and results of operations are dependent upon state laws and regulations that affect distribution and related activities.
  • PSE&G’s proposed investment programs may not be fully approved by regulators, which could result in lower than desired service levels to customers, and actual capital investment by PSE&G may be lower than planned, which would cause lower than anticipated rate base.
  • We are subject to comprehensive federal regulation that affects, or may affect, our businesses.
  • Our New Jersey nuclear plants may not be awarded ZECs in future periods, or the current or subsequent ZEC program periods could be materially adversely modified through legal proceedings, either of which could result in the retirement of all of these nuclear plants.
  • We may be adversely affected by changes in energy regulatory policies, including energy and capacity market design rules and developments affecting transmission.
  • Our ownership and operation of nuclear power plants involve regulatory risks as well as financial, environmental and health and safety risks.
  • We are subject to numerous federal, state and local environmental laws and regulations that may significantly limit or affect our businesses, adversely impact our business plans or expose us to significant environmental fines and liabilities.
  • We may not receive necessary licenses and permits in a timely manner or at all, which could adversely impact our business and results of operations.
  • Changes in tax laws and regulations may adversely affect our financial condition, results of operations and cash flows.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Proxies
No filings