Public Service Enterprise falls after raising its capital spending plan

Public Service Enterprise

25/02/2025 15:23

** Energy company Public Service Enterprise Group's PEG.N shares fall 2.6% to $82.18

** Company expects to spend $22.5 billion to $26 billion from 2025 to 2029, an increase of $3.5 billion from its prior five-year plan

** PEG forecasts 2025 adj earnings between $3.94/share and$4.06/share vs est of $4.01/share - data compiled by LSEG

** Company reports Q4 adj profit of 84 cents/share vs est of 83 cents/share

** Including session's moves, stock down 2.2% YTD

 (Reporting by Katha Kalia)

 ((katha.kalia@thomsonreuters.com))