Public Service Enterprise Group

PEG · NYSE

$70.86+$0.54 (+0.77%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $70.32

PEG analyst rating

HoldConsensus of 13 analysts over the last 12 months. 38% rate it a buy.

Strong buy0
Buy5
Hold8
Underperform0
Sell0

12-month price target · 20 analysts

Average $86.37 (+21.9% upside)

Low: $73.73
Now: $70.86
High: $100.80

Upgrades and downgrades

The latest rating actions, newest first

PEG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 19, 2026	Maintains	Neutral	$81.00 → $77.00	57%
Truist Securities	Oct 15, 2026	Maintains	Hold	$84.00 → $78.00	42%
Morgan Stanley	Sep 18, 2026	Maintains	Overweight	$91.00 → $88.00	52%
Morgan Stanley	Aug 21, 2026	Maintains	Overweight	$93.00 → $91.00	52%
Truist Securities	Aug 13, 2026	Maintains	Hold	$90.00 → $84.00	42%
Citigroup	Aug 5, 2026	Maintains	Neutral	$91.00 → $84.00	59%
Wells Fargo	Aug 5, 2026	Maintains	Overweight	$91.00 → $89.00	52%
Wells Fargo	Jul 22, 2026	Maintains	Overweight	$97.00 → $91.00	52%
Jefferies	Jul 20, 2026	Maintains	Hold	$89.00 → $78.00	53%
Truist Securities	Jul 16, 2026	Maintains	Hold	$88.00 → $90.00	42%

The case for and against

Updated Jan 26, 2026

Bull case

Public Service Enterprise Group has demonstrated a robust financial performance, with year-over-year results reflecting an increase of 14 cents or 22%, fueled by a 6 cent rise at the utility segment and an 8 cent increase at Power & Other. Additionally, the company's backlog of large load inquiries notably expanded to 9.4 gigawatts from 6.4 gigawatts, indicating strong demand for energy services driven by numerous customers, despite smaller data center sizes compared to hyperscalers. Furthermore, the outlook is supported by higher rate base growth, favorable regulatory outcomes, and improved long-term contract pricing, particularly associated with a collocated data center contract.

Bear case

Public Service Enterprise Group faces several challenges contributing to a negative outlook on its stock, notably influenced by investor sentiment regarding management's diminishing prospects for a potentially significant data center deal. The current high-interest-rate environment poses a risk to utility valuations, with expectations of rapidly contracting multiples potentially impacting future performance. Furthermore, the company's positioning in a quieter catalyst calendar and the early-stage development of resource adequacy solutions may hinder growth prospects and investor confidence.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.