PEG

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PSEG 6% Dividend Increase to $2.68 Annual → $24-28B Capital Program, JPMorgan PT to $90

Public Service Enterprise Group raised its quarterly dividend 6% and announced a $24-28 billion capital investment program through 2029, with JPMorgan raising its price target to $90 as the New Jersey utility benefits from substantial offshore wind and grid modernization investments. The consensus Hold rating with a $90.00 average price target reflects confidence in the regulated utility's steady earnings growth trajectory. Risks include offshore wind project cost overruns, regulatory approval delays for major capital investments, and rising interest rates increasing financing costs for the large capital program.