Key Stats for PEG Stock
- Year-to-Date Performance: 6%
- 52-Week Range: $75 to $91
- Valuation Model Target Price: $110
- Implied Upside: 30%
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What Happened?
Public Service Enterprise Group stock has gained attention in 2026 as investors focus on companies with stable, predictable earnings and visible long-term growth, particularly in regulated utilities where returns are tied to infrastructure investment rather than economic cycles.
Shares have risen about 6% year to date, trading near $85 per share, with sentiment improving across the sector alongside peers such as Duke Energy, NextEra Energy, and Dominion Energy.
The stock moved higher because PEG delivered earnings at the high end of guidance and introduced stronger forward guidance, which improved visibility into future growth.
The company reported Q4 operating earnings of $0.72 per share and full-year 2025 operating earnings of $4.05 per share, and guided 2026 earnings to $4.28 to $4.40 per share, implying about 7% growth, reinforcing confidence that continued rate base expansion will drive consistent earnings.
The earnings release also highlighted strong execution, including 21 consecutive years of meeting or exceeding earnings expectations, a 6% dividend increase, and a long-term earnings growth outlook of 6% to 8% through 2030 supported by grid modernization and infrastructure investment.
CEO Ralph LaRossa said the dividend increase was “reinforced by our confidence in our long-term projection.”
Institutional positioning remained active, reflecting continued interest from large investors. Van ECK increased its stake by 43% to 1.93 million shares, Russell Investments raised its position by 26% to 1.14 million shares, and Schroder Investment Management boosted its holdings by 7% to 2.31 million shares, while Legal & General increased its stake by 6% to over 7.10 million shares.
While some firms including Richard Bernstein Advisors and Barclays reduced positions, overall institutional ownership remains high at about 73% of shares outstanding.
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Is PEG Undervalued?
Under valuation assumptions, the stock is modeled using:
- Revenue Growth (CAGR): 4%
- Operating Margins: 29%
- Exit P/E Multiple: 19x
PEG’s growth is driven by its regulated utility model, where the company earns approved returns on infrastructure investments such as grid upgrades, transmission expansion, and energy efficiency programs.
This creates predictable earnings growth that is less sensitive to economic cycles compared to industries like industrials or energy.
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This model is consistent with peers such as Duke Energy, NextEra Energy, and Dominion Energy, though PEG’s growth profile remains slightly more measured due to its regional footprint and regulated exposure.
Revenue growth is expected to remain steady, supported by continued rate base expansion driven by infrastructure investment and rising electricity demand tied to electrification and grid modernization.
Margins are projected to improve toward 29%, supported by operating leverage and a higher mix of regulated earnings, which typically carry more stable returns.
PEG continues to deploy significant capital into regulated infrastructure, supporting 6% to 8% annual rate base growth, which underpins long-term earnings visibility.
Based on these inputs, the model estimates a target price of about $110, implying roughly 30% upside, suggesting the stock appears modestly undervalued, with future performance driven by consistent execution and regulated growth.
How Much Upside Does PEG Stock Have From Here?
Investors can estimate Public Service Enterprise Group potential share price, or what any stock could be worth, in under a minute using TIKR’s New Valuation Model tool.
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.
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