NEW YORK (TheStreet) -- Shares of Public Service Enterprise Group (PEG - Get Report) are down by 1.03% to $42.40 at the start of trading on Friday, after the company posted its 2015 fourth quarter earnings.
Before today's opening bell, the Newark, NJ-based energy and utility holding company reported operating earnings of 50 cents per share, in line with analysts' estimates.
Revenue for the period was $2.28 billion, which did not meet Wall Street's expectations of $2.35 billion.
Mild weather conditions reduced electric sales and lowered earnings comparisons by 1 cent per share, the company noted.
"We are very pleased with our strong results in 2015 with operating earnings for the full year at the upper half of our increased guidance," CEO Ralph Izzo said in a statement this morning.
"Our results reflect excellent performance and organic growth at the utility. With our strong balance sheet, we are in a position to increase our investment across the company to meet the needs of our customers and shareholders," he added.
For the full year, PSEG forecasts earnings per share between $2.80 and $3 per share.
The company is engaged in the transmission of electricity and distribution of electricity and natural gas. Its subsidiaries are PSEG Power and Public Service Electric and Gas Company (PSE&G).
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.
This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks rated.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: PEGPEG data by YCharts