Public Service Enterprise Group Stock Outlook Remains Positive
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2026
0mins
Source: Yahoo Finance
- Balanced Analyst Ratings: As of March 13, Public Service Enterprise Group (PEG) received coverage from 14 analysts, with 7 assigning Buy ratings and 7 maintaining Hold ratings, indicating a neutral market outlook on its future performance.
- Target Price Increase: J.P. Morgan raised PEG's target price from $85 to $90 while reiterating a Neutral rating, reflecting a reassessment of models across the North American utilities segment, suggesting ongoing market confidence in PEG.
- Upside Potential: PEG's projected median 1-year price target stands at $91.12, indicating an upside potential of nearly 9% from current levels, showcasing investor optimism regarding its future growth.
- Market Concerns: Despite PEG's strong track record of outperforming earnings guidance, Scotiabank raised its target price to $92, emphasizing that near-term investor sentiment will be heavily influenced by rising affordability concerns, which may limit further stock price appreciation.
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Analyst Views on PEG
Wall Street analysts forecast PEG stock price to rise
12 Analyst Rating
8 Buy
4 Hold
0 Sell
Moderate Buy
Current: 81.390
Low
83.00
Averages
89.77
High
98.00
Current: 81.390
Low
83.00
Averages
89.77
High
98.00
About PEG
Public Service Enterprise Group Incorporated is a regulated infrastructure company operating New Jersey’s transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. The Company also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power-generating units. The Company principally conducts its business through two wholly owned subsidiaries, Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (PSEG Power). The Company’s segments include PSE&G and PSEG Power. PSE&G is a public utility engaged principally in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. PSEG Power is an energy supply company that consists of the operations of merchant nuclear generating assets and fuel supply functions engaged in competitive energy sales via its principal direct wholly owned subsidiaries. The Company also has other wholly owned subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Door-to-Door Scam Tactics: Scammers may impersonate PSEG Long Island employees, requesting personal information or payments, and customers are advised to remain vigilant and not allow suspicious individuals into their homes to ensure their safety.
- Fake Website Risks: Some scammers create fake websites that closely resemble PSEG Long Island's, tricking customers into entering personal information; customers should ensure they visit the legitimate site at psegliny.com to avoid being scammed.
- Public Charging Station Scams: Recently, scammers have been placing QR codes on public electric vehicle charging stations, directing customers to fake websites that request personal information; PSEG Long Island emphasizes it does not require customers to interact with a website to activate charging stations, urging customers to stay alert.
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- Payment Method Clarification: PSEG Long Island does not accept external web-based payment services, advising customers to use My Account for payments and to avoid suspicious payment links to protect their financial information.
- Identifying Fake Employees: Scammers may pose as PSEG employees asking for personal information or offering fake discounts; customers should not let them inside and should call the official number to verify their identity.
- Public Charging Station Scams: Recently, scammers have placed fraudulent QR code stickers on public EV charging stations, misleading customers into providing personal information, while PSEG Long Island does not require customers to interact with its website to activate charging stations.
See More
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- Payment Method Risks: Scammers often demand payment through web-based services, prepaid debit cards, or Bitcoin, while PSEG Long Island explicitly states it does not accept these methods, urging customers to remain vigilant.
- Impersonation Tactics: Scammers may pose as PSEG Long Island employees, requesting personal information or offering fake discounts; customers should verify by calling the company and not allow strangers into their homes if in doubt.
- Phishing Websites: Some scammers create fake websites resembling PSEG Long Island's, tricking users into providing personal information; customers should ensure they access the legitimate site to avoid falling victim to scams.
See More
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- Expected Customer Refunds: PSE&G estimates that customers will receive approximately $100 million in refunds for the years 2020 to 2022, with FERC's directive for PJM to recalculate cost assignments dating back to 2015 likely increasing the total savings.
- Industry-Leading Reliability: PSE&G has won the ReliabilityOne® Award for superior electric system reliability in the Mid-Atlantic region for 24 consecutive years and was ranked number one in customer satisfaction for residential electric service in the East among large utilities by J.D. Power in 2025.
- Long-Term Commitment: PSE&G's efforts not only focus on reducing customer costs but also on strengthening the reliability and resilience of New Jersey's energy system, demonstrating a long-standing commitment to fair and responsible energy pricing.
See More
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- Expected Customer Refunds: PSE&G estimates that customers will receive approximately $100 million in refunds for the years 2020 to 2022 due to FERC's ruling, and with FERC directing a recalculation of cost assignments dating back to 2015, the actual savings figure is expected to be even higher, further alleviating the financial burden on customers.
- Industry-Leading Reliability: PSE&G has won the ReliabilityOne® Award for superior electric system reliability in the Mid-Atlantic region for 24 consecutive years, and in 2025, it was named number one in customer satisfaction for residential electric service in the East among large utilities by J.D. Power, demonstrating its ongoing commitment to customer service excellence.
- Commitment to Fair Energy Costs: PSE&G's collaboration with the New Jersey Board of Public Utilities and the New Jersey Division of Rate Counsel showcases its long-standing commitment to ensuring fair and responsible energy costs, further solidifying its leadership position in New Jersey's energy system.
See More
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