Public Service Enterprise Group (PEG) Upgraded to ‘Outperform’

Public Service Enterprise Group Incorporated (NYSE:PEG) is included among the 11 Best Utility Stocks to Buy for Dividends in 2026.

Public Service Enterprise Group (PEG) Upgraded to 'Outperform'

Public Service Enterprise Group Incorporated (NYSE:PEG) is a predominantly regulated energy company that engages in the provision of electric and gas services.

Public Service Enterprise Group Incorporated (NYSE:PEG) received a boost on March 5 when Evercore ISI upgraded the stock from ‘In Line’ to ‘Outperform’, while also increasing its price target from $83 to $96.

The upgrade is driven by a predominantly regulated earnings mix, constructive New Jersey regulatory frameworks, disciplined capital deployment, and embedded upside from nuclear optionality in a tightening PJM supply-demand environment. Moreover, it is reinforced by PSEG’s strong FY 2025 report, in which the utility delivered a 10% YoY growth in adjusted operating earnings to $4.05 per share.

Public Service Enterprise Group Incorporated (NYSE:PEG) reported its Q4 2025 results on February 26, with the company exceeding estimates in both earnings and revenue. The utility is targeting operating earnings in the range of $4.28 to $4.40 per share for FY 2026, up 7% from last year at the midpoint. PSEG also announced an updated capital program of $24 billion to $28 billion for 2026–2030, and raised its long-term adjusted earnings growth outlook to 6%-8% through the end of the decade.

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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