Should I Buy PEG? PEG 2026 Analysis

Should You Buy Public Service Enterprise Group Inc (PEG) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

82.000

1 Day change

0.68%

52 Week Range

91.250

Analysis Updated At

2026/01/26

Public Service Enterprise Group Inc (PEG) is not a strong buy at the moment for a beginner investor with a long-term strategy. The stock faces political and regulatory uncertainties in New Jersey, which could weigh on its performance. While the company has shown strong financial growth in its latest quarter, the bearish technical indicators, insider selling trends, and mixed analyst ratings suggest that waiting for more clarity on regulatory outcomes or a better entry point would be prudent.

Technical Analysis

The technical indicators for PEG show a bearish trend. The MACD histogram is positive but contracting, RSI is neutral at 32.769, and moving averages are bearish (SMA_200 > SMA_20 > SMA_5). Key support is at 78.153, and resistance is at 79.975. The stock is trading below its pivot level of 79.064, indicating downward pressure.

Options Data

Bullish

Open Interest Put-Call Ratio

Bearish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

The company has shown strong financial performance in Q3 2025, with revenue up 22.10% YoY, net income up 19.62% YoY, and EPS up 19.23% YoY. Additionally, the appointment of Geisha J. Williams to the Board of Directors could bring valuable industry expertise.

Neutral/Negative Catalysts

Political and regulatory uncertainty in New Jersey poses significant risks, as highlighted by recent analyst downgrades. Insider selling has increased by 251.37% over the last month, indicating potential lack of confidence from insiders. Hedge funds are neutral, and there are no strong trading trends. Analysts have lowered price targets, and the stock faces heightened scrutiny on regulated returns and ratemaking components.

Financial Performance

In Q3 2025, PEG reported strong financial growth: Revenue increased by 22.10% YoY to $3.23 billion, net income rose by 19.62% YoY to $622 million, EPS grew by 19.23% YoY to 1.24, and gross margin improved slightly to 55.24%.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analyst sentiment is mixed. JPMorgan downgraded the stock to Neutral with a price target of $85, citing political and regulatory risks. Barclays lowered its price target to $81 but maintained an Equal Weight rating. On the positive side, Morgan Stanley and Wells Fargo have price targets of $92 and maintain Overweight ratings, citing valuation and potential opportunities in regulated generation.

12 Analyst Rating

Wall Street analysts forecast PEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEG is 89.77 USD with a low forecast of 83 USD and a high forecast of 98 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

8 Buy

4 Hold

0 Sell

Moderate Buy

Current: 81.450

Low

Averages

89.77

High

Current: 81.450

Low

Averages

89.77

High

JPMorgan

Jeremy Tonet

Overweight -> Neutral

downgrade

$88 -> $85

AI Analysis

2026-01-22

Reason

JPMorgan

Jeremy Tonet

Price Target

$88 -> $85

AI Analysis

2026-01-22

downgrade

Overweight -> Neutral

Reason

JPMorgan analyst Jeremy Tonet downgraded PSEG to Neutral from Overweight with a price target of $85, down from $88. The firm sees the company's "meaningful" political and regulatory uncertainty persisting. A further deterioration in the New Jersey regulatory environment can't be ruled out post the 180 day study, the analyst tells investors in a research note. The firm believes PSEG's risks are skewed to the downside given the state's elevated scrutiny on regulated returns and overall ratemaking components. In addition, heightened affordability scrutiny will prevent meaningfully accretive New Jersey nuclear contracting, says JPMorgan.

Barclays

Equal Weight

downgrade

$87 -> $81

2026-01-22

Reason

Barclays

Price Target

$87 -> $81

2026-01-22

downgrade

Equal Weight

Reason

Barclays lowered the firm's price target on PSEG to $81 from $87 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the power and utilities group as part of a Q4 preview.

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PEG Should I Buy

PEG Should I Buy

Should You Buy Public Service Enterprise Group Inc (PEG) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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