Public Service Enterprise GroupNYSE: PEG
Utilities · Electric Utilities
$80.20
+2.19%
Vol: 139K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Truist trims PEG price target to $88 as utility hits new 52-week lowNegative▶
Truist Securities lowered its PEG price target to $88 from $91 (Hold rating) on May 18 after the stock touched a fresh 52-week low of $76.57 on May 15. The move follows mixed analyst sentiment despite a strong Q1 beat and reaffirmed FY2026 guidance of $4.28-$4.40 EPS (7% growth at midpoint), supported by a $22.5-$25.5B 2026-2030 capex plan and 6% dividend hike.
May 20No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 19PSEG stock touched a fresh 52-week low at $76.57 on May 15 despite reaffirmed earnings guidance, driven by Truist PT cut.Negative▶
On May 15, 2026, Public Service Enterprise Group hit a new 52-week low of $76.57, weighed by Truist lowering its price target to $88 from $91 even as the company reaffirmed full-year 2026 operating EPS guidance of $4.28-$4.40 (approximately 7% YoY growth at midpoint). The utility reported Q1 adjusted EPS of $1.55 (beat by $0.12) on revenue of $3.85B (up 19.5% YoY). PSEG announced a $22.5-$25.5B capital investment plan and a 6% dividend hike to $2.68 annualized. Bear case: regulatory uncertainty, rising capex needs, and rate-case risk continue to pressure shares despite solid operating results.
May 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 15PSEG named to Dow Jones Best-in-Class North America Index for 18th consecutive year after Q1 revenue beat and $22.5-25.5B capex planPositive▶
Public Service Enterprise Group was named to the Dow Jones Best-in-Class North America Index for the 18th consecutive year, highlighting sustainability leadership. The company reported Q1 2026 results that beat estimates with revenue of $3.8B (15% ahead of estimates) and adjusted EPS of $1.55 (a 2.4% beat), supported by extreme winter weather demand. PSEG reaffirmed FY2026 operating EPS guidance of $4.28-$4.40, up 7% YoY at the midpoint, and outlined a 5-year regulated capital investment plan of $22.5B to $25.5B to meet surging demand. Long-term adjusted earnings growth outlook is 6-8% through end of decade. Q2 dividend of $0.67/share declared with ex-date June 9, 2026. Analyst views mixed: BMO Capital at Hold, BTIG at Buy. Average analyst target is $93.14.
May 14PSEG named to Dow Jones Best-in-Class North America Index for 18th consecutive year on May 12 following Q1 EPS of $1.48 beatPositive▶
Public Service Enterprise Group was named to the Dow Jones Best-in-Class North America Index for the 18th consecutive year on May 12, 2026, recognizing long-term environmental performance, sustainability practices, and community/workforce support. The recognition follows a strong Q1 2026 report on May 5 with net income of $741 million and EPS of $1.48 (vs $1.18 prior year), beating consensus. Revenue topped $3.85 billion versus $3.53 billion forecast. The company successfully responded to the worst winter storm in 30 years and prompted the highest gas send-out since 2019. PSEG CEO Ralph LaRossa noted the outlook for adding nuclear capacity in New Jersey has improved following lifting of the moratorium. BTIG maintained Buy on May 6. PSEG reaffirmed 2026 guidance with expected 7.7% EPS growth to $4.36.
May 13PSEG named to Dow Jones Best-in-Class North America Index for the 18th consecutive year.Positive▶
On May 12, 2026, Public Service Enterprise Group was named to the Dow Jones Best-in-Class North America Index for the 18th consecutive year, reinforcing its sustainability profile. Earlier in May, PSEG reported Q1 2026 adjusted EPS of $1.55, beating estimates by $0.12, with revenue up 19.5% year-over-year to $3.85 billion driven by extreme winter weather. Electricity sales rose 4% and gas volumes surged 7%, marking the highest gas send-out since 2019. The company reaffirmed FY2026 operating earnings guidance of $4.28-$4.40 per share (up 7% at midpoint) and outlined a $22.5-$25.5 billion 5-year capital investment plan. PSEG also raised its dividend 6% to $2.68 annualized, marking the 15th consecutive annual increase.
May 12PSEG beats Q1 estimates with EPS of $1.55 and reaffirms 2026 guidance after extreme winter drives 19.5% revenue surgePositive▶
PSEG reported Q1 2026 adjusted EPS of $1.55, beating consensus by $0.12, with revenue jumping 19.5% YoY to $3.85B as the worst winter storm in 30 years drove the highest gas send-out since 2019. Electricity sales rose 4% YoY and gas volumes surged 7%. The company reaffirmed FY2026 operating earnings guidance of $4.28-$4.40 per share (up 7% at midpoint) and announced a 6% dividend increase to $2.68 annualized — its 15th consecutive raise. PSEG outlined a 5-year $22.5-25.5B regulated capital plan and is targeting 6-8% long-term adjusted EPS growth, supported by nuclear cash flows. New Jersey is keeping electric rates flat for 2026 per Governor Sherrill's executive orders.
May 11PSEG Q1 beats on storm-driven demand as nuclear license extension filed and FY2026 guidance reaffirmedPositive▶
Public Service Enterprise Group reported Q1 2026 results May 5 with adjusted EPS of $1.55 beating estimates by $0.12, and revenue surged 19.5% YoY to $3.85 billion, exceeding forecasts by $496 million. Electricity sales rose 4% YoY and gas volumes surged 7% as the worst winter storm in 30 years drove the highest gas send-out since 2019. The company reaffirmed FY2026 operating earnings guidance of $4.28-$4.40/share (+7% YoY at midpoint) and projects 6-8% long-term EPS growth through 2030 on $24-$28B total capex. PSEG notified the NRC of intent to file 20-year operating license extensions for Salem 1, 2 and Hope Creek (to 2056, 2060, 2066). 95% of 2026 nuclear output hedged. Wall Street Zen upgraded to Hold from Sell on May 9. Risk: regulatory rate freeze under Governor Sherrill caps near-term price recovery.
May 8PSEG Q1 beats with $1.55 EPS (7.6% beat) and 15% revenue surprise; maintains full-year guidance.Positive▶
Public Service Enterprise Group (PSEG) delivered strong Q1 2026 results with EPS of $1.55, beating forecasts by 7.6%, and revenue of $3.85 billion exceeding expectations by 9% (15% ahead of consensus). The utility company successfully managed multiple extreme weather events in Q1 including worst winter storm in 30 years. PSEG maintains FY2026 operating earnings guidance at $4.28-$4.40 per share range and long-term 6-8% compound annual growth through 2030. Investors of record June 9 will receive $0.67 dividend per share ($2.68 annualized, 3.4% yield). Stock at $79.73; analyst views mixed with Hold rating from BMO Capital.
May 7Public Service Enterprise Q1 EPS of $1.55 beats $1.44 consensus; revenue $3.85B exceeds $3.35B; company raises FY26 guidance to $4.28-$4.40 per share.Positive▶
Public Service Enterprise Group delivered strong Q1 2026 results with EPS of $1.55 beating $1.44 consensus estimate (+7.6%), revenue $3.85B exceeding $3.35B forecast (+19.4% YoY). Raised FY26 operating earnings guidance to $4.28-$4.40 per share. Company maintains long-term 6-8% compound annual operating earnings growth through 2030. Wells Fargo raised PT from $96 to $97 with overweight rating. PEG stock trades at $79.73 vs. DCF fair value of $81.86 and analyst consensus target of $90.64. Regulated utility serving ~2.4M electric and 1.9M natural gas customers in New Jersey; owns 3,758 MW carbon-free baseload nuclear capacity. Analyst concern: slowing earnings growth, weak operating cash flow, limited free cash flow dividend coverage suggest balance sheet pressure points.
May 6Public Service Enterprise beats Q1 with $1.55 EPS, maintains FY26 guidance of $4.28-$4.40Positive▶
PEG reported strong Q1 2026 earnings on May 5 with adjusted EPS of $1.55, beating estimates by 5.6% and revenue of $3.85 billion up 19.4% YoY. The company maintained full-year 2026 earnings guidance of $4.28-$4.40 per share and announced a 6% dividend increase to $2.68 annualized, the 15th consecutive annual increase. The stock trades at $81.62, modestly below analyst consensus target of $90.64. Wells Fargo raised its price target to $97.00 with an overweight rating, supporting the utility's disciplined capital investment strategy.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PEGPUBLIC | $80.20 | +2.19% | +2.1% | 16.7x | 0.55 | $39.1B |
| SOSOUTHERN | $93.62 | -0.66% | +0.6% | 19.2x | 0.36 | $106.2B |
| CEGCONSTELLATION | $260.28 | -8.94% | +9.1% | 21.1x | 1.16 | $103.2B |
| DUKDUKE | $124.93 | +0.22% | +1.5% | 17.4x | 0.40 | $97.2B |
| AEPAMERICAN | $128.54 | -0.83% | +1.5% | 18.9x | 0.55 | $70.5B |
| ETRENTERGY | $110.28 | -1.77% | +2.5% | 22.3x | 0.53 | $51.4B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.