Is Public Service Enterprise Group (PEG) a Top Utility Stock on Earnings Growth Prospects?

Public Service Enterprise Group Incorporated (NYSE:PEG) is one of the top utility stocks to buy now. On April 13, BMO Capital reiterated a Market Perform rating on Public Service Enterprise Group Incorporated (NYSE:PEG) and raised its price target to $91 from $90.

Is Public Service Enterprise Group Incorporated (PEG) a Top Utility Stock on Earnings Growth Prospects?

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The research firm expects limited updates on the company during the upcoming earnings call following the fourth-quarter 2025 refresh. However, it has revised its Q1 2026 earnings estimate of the company to $1.48 a share, slightly below the median consensus estimate of $1.50. It also expects investors’ focus to be on potential generation and storage development and the prospects for long-term nuclear asset contracts.

Having invested $1 billion in regulated infrastructure in Q4 2025 and $3.7 billion for the full year to benefit customers, Public Service Enterprise Group expects its 2026 earnings to increase by over 7% to between $4.28 and $4.40 per share. The company also plans to invest $4.2 billion in regulated assets, up 13.5% from last year, on the back of capital spending of between $24 billion and $28 billion.

Public Service Enterprise Group Incorporated (NYSE:PEG) is a regulated energy company that primarily transmits and distributes electricity and natural gas to millions of customers in New Jersey through its utility, PSE&G. PSEG also owns and operates carbon-free nuclear generation assets through PSEG Power.

While we acknowledge the risk and potential of PEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PEG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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