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.

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