Highlights
• Barclays raises PEG target price from USD 82 to USD 87, maintaining “equal weight.”
• Average analyst target stands at USD 91.23, with “Moderate Buy” consensus rating.
• PEG’s Q2 earnings beat estimates, revenue rose 15.8% year-over-year.

Public Service Enterprise Group (NYSE:PEG) received a revised target price from Barclays. The brokerage lifted its target from USD 82.00 to USD 87.00. The “equal weight” rating remains unchanged. The new target suggests a potential upside of around 4.6% from the previous close.

Broader Analyst Ratings

Other research firms also updated their views on PEG in recent weeks.

  • Morgan Stanley cut its price objective from USD 105.00 to USD 103.00 while maintaining an “overweight” rating.
  • Weiss Ratings reaffirmed a “buy (b)” rating in early October.
  • TD Cowen initiated coverage with a “buy” rating and a USD 93.00 target price.
  • Wall Street Zen upgraded PEG from “sell” to “hold” in early September.
  • BMO Capital Markets lowered its target from USD 89.00 to USD 85.00 and assigned a “market perform” rating.

According to MarketBeat data, one analyst has issued a “Strong Buy,” six have rated it “Buy,” and five have given a “Hold.” The average rating stands at “Moderate Buy” with a consensus price target of USD 91.23.

Financial Performance

PEG last reported quarterly earnings on August 5, 2025. The company posted earnings per share (EPS) of USD 0.77, surpassing the consensus estimate of USD 0.70. Revenue reached USD 2.81 billion, ahead of expectations of USD 2.49 billion. Net margin stood at 17.78%, and return on equity was 12.08%.

Year-over-year revenue rose 15.8%, compared to USD 0.63 EPS in the same period last year. For FY 2025, PEG projects EPS in the range of USD 3.94–4.06. Analysts expect full-year EPS of approximately USD 3.67.

Company Overview

Public Service Enterprise Group operates in the U.S. through two main segments: PSE&G and PSEG Power. It delivers electricity and natural gas to residential, commercial, and industrial users. The company also invests in solar generation, energy efficiency, and related programs.