Public Service Enterprise GroupNYSE: PEG
Utilities · Electric Utilities
$80.38
-1.57%
Vol: 1.8M
Research Digest
Friday, May 1, 2026
Public Service Enterprise Group declared $0.67 quarterly dividend and raised 2026 operating earnings guidance to $4.28-$4.40 per share, up 7% year-over-year.
PSEG declared $0.67 per share dividend for Q2 2026, payable June 30 to shareholders of record June 9. The company approved removal of supermajority voting requirements at annual meeting on April 21. Full-year 2026 operating earnings guidance raised to $4.28-$4.40 per share, representing 7% year-over-year growth at midpoint. Long-term adjusted earnings growth outlook increased to 6%-8% through decade-end. Wells Fargo raised price target to $96 from $94 on April 21.
Previous Market Intelligence
13 daysApr 30Public Service Enterprise strengthens with data center opportunity and analyst upgradesMixed▶
Public Service Enterprise Group held its Annual Stockholders Meeting on April 21, with all management directors elected, and declared a quarterly dividend of $0.67 per share. The company is positioned to benefit from data center infrastructure demand, with Truist initiating coverage at Hold with $91 target, Wells Fargo raising target to $96 from $94, while Jefferies downgraded to Hold from Buy citing reduced confidence in nuclear data center opportunities. BofA Securities maintained Buy rating on April 24. PSEG is set to report Q1 earnings on May 5 with expected EPS of $1.49.
Apr 29PSEG raises FY2026 guidance to $4.28-$4.40 EPS, increases long-term growth outlook to 6-8%Positive▶
Public Service Enterprise Group raised FY2026 operating earnings guidance to $4.28-$4.40 per share, up 7% YoY at midpoint, and increased long-term adjusted earnings growth outlook to 6%-8% through decade's end. The company held annual shareholder meeting on April 21 where all management-nominated directors were elected. Shareholders approved governance amendments removing supermajority voting requirements on business combinations and director removal. PSEG declared $0.67 quarterly dividend payable June 30. Bank of America Securities maintained Buy rating on April 24, while Wells Fargo raised price target to $96 from $94. Analyst consensus is "Buy" driven by surging electricity demand and policy support.
Apr 16PSEG increased 2026-2030 capital program to $28 billion on April 13, 2026 and raised earnings outlook.Positive▶
Public Service Enterprise Group increased its 2026-2030 capital program from $24 billion to $28 billion and raised long-term adjusted earnings growth outlook. 2025 net income was $2,111 million ($4.22/share). Q1 2026 earnings will be announced May 5. Morgan Stanley raised price target to $94 from $90 while maintaining Overweight rating. BMO Capital raised target to $91 from $90. Average analyst rating is Moderate Buy.
Apr 15PSEG to hold annual stockholder meeting April 21 to vote on removing supermajority voting; Q1 earnings expected $1.49/share.Positive▶
Public Service Enterprise Group scheduled Q1 2026 earnings announcement for May 5 with expected $1.49 per share (4.2% YoY growth). PSEG initiated 2026 guidance of $4.28-$4.40 per share and raised dividend to $2.68. Company increased 2026-2030 capital plan to $22.5-$25.5 billion.
Apr 14PSEG capital program increased to $28B and earnings guidance raised to 6-8% growth through 2030.Positive▶
Public Service Enterprise Group announced increases to both its capital investment program (from $24B to $28B for 2026-2030) and long-term earnings growth guidance (to 6-8% through decade end). Q1 2026 earnings expected at $1.49 per share. Morgan Stanley and BMO Capital raised price targets.
Apr 13PSEG raised 2026-2030 capital program to $28B and increased dividend guidance; Morgan Stanley raised price target to $94.Positive▶
Public Service Enterprise Group increased capital investment from $24B to $28B for 2026-2030 and raised long-term adjusted earnings growth outlook to 6%-8%. Morgan Stanley raised price target from $90 to $94, maintaining Overweight. Raised 2026 dividend to $2.68. Stock at $83.61 with 3.1% dividend yield. Q1 earnings expected April 29.
Apr 10Public Service Enterprise Group raises capital plan to $28B and long-term growth guidance to 6-8%; Morgan Stanley upgrades PT to $94.Positive▶
PSEG announced a capital program increase from $24B to $28B for 2026-2030 and raised long-term adjusted earnings growth outlook to 6-8%. Morgan Stanley raised price target to $94 from $90 with Overweight rating. FY 2026 guidance: 4.28-4.40 EPS. PSE&G partnership extends energy efficiency programs through June 2028.
Apr 9PSEG raises capital plan to $28B, increases dividend 6% to $2.68; Morgan Stanley upgrades to $94 PTPositive▶
Public Service Enterprise Group increased capital program from $24B to $28B for 2026-2030 and raised long-term adjusted EPS growth outlook to 6%-8%. Morgan Stanley upgraded PEG from $90 to $94 price target (Overweight) on March 23. Company raised 2026 guidance to $4.28-$4.40 EPS (up 7% vs 2025) and increased annual dividend 6% to $2.68/share. Stock at $82.51 trading near 52-week highs.
Apr 8No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 7PSEG raises annual dividend 6% to $2.68 (15th consecutive); 2026 EPS $4.28-4.40.Positive▶
PSEG declared $0.67 quarterly (+$0.04), 15th consecutive hike. Guides 6-8% earnings growth through 2030. 2026 EPS $4.28-4.40. NJ pursuing nuclear/gas plant development. JPMorgan PT $90 from $85. Stock ~$85, +6% YTD.
Apr 6Public Service Enterprise Reports Growth; Guidance Reaffirmed at 4.28-4.40 EPSPositive▶
Public Service Enterprise Group released Q4 2025 earnings on February 26 reporting $0.72 EPS, beating consensus of $0.71. FY 2026 guidance reaffirmed at 4.28-4.40 EPS, implying 7% growth with continued rate base expansion driving earnings. Stock has risen 6% year-to-date near $85 per share. PEG outlined $3.8 billion in 2026 capital expenditures focused on grid hardening and renewables integration including offshore wind tie-ins and battery storage expansions in New Jersey. Analyst updates include Barclays raising target to $89 from $81 with equal weight, and UBS lowering target to $98 from $105 with buy rating.
Apr 3Public Service Enterprise announces April 21 shareholder meeting; raises 2026 EPS guidance to $4.28-4.40.Positive▶
PSEG announced its annual shareholder meeting for April 21, 2026. Key proposal: elimination of supermajority voting requirements. 2025 operating revenues rose to $12,168M; adjusted EPS up to $4.05 from $3.68. FY 2026 guidance at $4.28-4.40 EPS. CEO Ralph LaRossa sold 2,083 shares on April 1. 11 analysts give Buy rating with $92.32 average PT (13.4% upside).
Apr 2PSEG CEO sells shares; governance changes with supermajority voting removal at April 21 annual meeting; Morgan Stanley raised target to $94.Neutral▶
CEO Ralph Larossa sold 2,083 shares on April 1 at $81.24 average price for $169,223. PSEG annual stockholder meeting is April 21, 2026, where shareholders will vote on removing supermajority voting requirements. Q4 EPS beat at $0.72 vs $0.71 consensus and revenue of $2.92B vs $2.68B consensus. FY 2026 EPS guidance set at $4.28-$4.40. Stock down 0.16% overnight at $84.28. Morgan Stanley raised target to $94 from $90.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PEGPUBLIC | $80.38 | -1.57% | +0.8% | 17.4x | 0.60 | $40.8B |
| CEGCONSTELLATION | $308.34 | -1.49% | +13.8% | 22.8x | 1.19 | $113.4B |
| SOSOUTHERN | $97.02 | +0.33% | -0.3% | 19.6x | 0.41 | $109.0B |
| DUKDUKE | $128.89 | -0.51% | -1.4% | 18.1x | 0.45 | $100.8B |
| AEPAMERICAN | $137.20 | +0.06% | +3.6% | 19.9x | 0.57 | $74.5B |
| ETRENTERGY | $116.83 | -0.92% | +2.9% | 23.6x | 0.56 | $54.0B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.