Key Stats for Apple Stock
- Last 30 Days Performance: 8%
- 52-Week Range: $75 to $91
- Valuation Model Target Price: $99
- Implied Upside: 16%
Value your favorite stocks like PEG with 5 years of analysts’ forecasts using TIKR’s new Valuation Model (It’s free) >>>
What Happened?
Public Service Enterprise Group stock rose about 8% in the last 30 days, finishing near $86 per share as investors rotated back into regulated utilities and positioned ahead of its February 26 earnings release. Shares climbed steadily during the period, reflecting sustained demand rather than a one-day spike.
The stock moved higher primarily because a wave of institutional filings showed several large asset managers meaningfully increased their exposure to PSEG, reinforcing confidence in the company’s regulated earnings visibility ahead of updated guidance.
Reaves W H & Co raised its stake by 20.4% to 1,906,496 shares valued at about $159.1 million, making PEG its 12th-largest holding. PNC Financial increased its position by 38.7% to 905,489 shares worth roughly $75.57 million, while Aberdeen Group boosted its holdings by 31.5% to 1,119,313 shares valued near $92.62 million.
Assetmark also lifted its stake by 4.6% to 893,950 shares worth about $74.61 million, and New York State Common Retirement Fund increased its position by 13.0% to 314,668 shares valued at about $26.26 million.
Although some firms reduced exposure, the ownership picture remained balanced rather than bearish. Thrivent Financial for Lutherans cut its stake by 97.8%, selling 1,085,299 shares and leaving 24,868 shares valued at about $2.08 million.
Sound Shore Management trimmed 20.3%, Envestnet Asset Management lowered 22.8% to 782,721 shares valued at about $65.3 million, Allianz Asset Management reduced its stake by 34.5% to 178,551 shares worth about $14.9 million, Illinois Municipal Retirement Fund cut 22.3%, and Canada Post Corp Registered Pension Plan reduced its position by 54.3%.
The combination of sizable increases from long-term utility investors alongside selective trimming helped support the upward move.
Operational updates also contributed to the constructive tone. PSE&G restored power to 3,140 customers following a winter storm, leaving only 17 of its more than 2 million electric customers without service, while the company reported its energy efficiency programs have generated more than $900 million in annual savings across approximately 480,000 participants.
With earnings scheduled for February 26, attention now shifts to updated guidance, capital investment plans, and regulatory developments that could influence performance into 2026.
See analysts’ growth forecasts and price targets for PEG (It’s free) >>>
Is PEG Undervalued?
Under valuation assumptions, the stock is modeled using:
- Revenue Growth (CAGR): 7.8%
- Operating Margins: 29.4%
- Exit P/E Multiple: 19.3x
Revenue is projected to rise from about $12.3 billion in 2026 toward nearly $13.8 billion by 2029, reflecting steady expansion driven by transmission upgrades, grid resiliency investments, and clean energy infrastructure that expand PSEG’s regulated rate base and support authorized returns.
Operating margins currently sit near 25.5% on a trailing basis, and incremental regulated projects entering service can improve earnings conversion as the asset base scales.
Forward 2-year revenue CAGR near 9.3% and forward 2-year EBITDA CAGR around 18.3% indicate earnings growth could outpace revenue as operating leverage improves.
Based on these inputs, the valuation model estimates a target price of $99, implying about 16% upside from the current price near $86, suggesting the stock appears modestly undervalued at current levels.
Over the next 12 months, regulatory outcomes, capital execution, and cost recovery mechanisms carry the most weight.
If management continues converting infrastructure investment into predictable earnings growth, the setup supports steady expansion into 2026.
Estimate a company’s fair value instantly (Free with TIKR) >>>
Value Any Stock in Under 60 Seconds (It’s Free)
With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.
All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.
See a stock’s true value in under 60 seconds (Free with TIKR) >>>
