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Investing.com - BMO Capital has raised its price target on Public Service Enterprise Group Inc. (NYSE:PEG) to $84.00 from $81.00 while maintaining a Market Perform rating on the stock. The utility company, currently valued at $42.5 billion, has maintained dividend payments for 55 consecutive years and shows a dividend yield of 3%. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The research firm expects Public Service Enterprise Group to report second-quarter 2025 earnings per share of $0.70, approximately 10% higher than the same period last year, which aligns with consensus estimates.
BMO Capital noted that relative performance for the utility company will likely be driven by any updated outlook for long-term contracts at PEG’s nuclear assets, particularly if management provides incremental commentary on these assets.
The firm also highlighted that investors will likely focus on stakeholder feedback regarding affordability issues in the state, as well as any commentary on the 2026/2027 Base Residual Auction results.
Public Service Enterprise Group is scheduled to host its second-quarter 2025 earnings call on August 5, according to BMO Capital.
In other recent news, Public Service Enterprise Group (PSEG) reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $1.43, compared to the forecast of $1.40. The company also reported revenues of $3.22 billion, surpassing the anticipated $3.11 billion. Additionally, PSEG’s Board of Directors declared a quarterly dividend of $0.63 per share for the third quarter of 2025, payable by the end of September to shareholders of record as of September 9. UBS upgraded PSEG’s stock from Buy to Buy, raising its price target to $97.00 from $86.00. This upgrade reflects UBS’s confidence in PSEG’s consistent utility performance and potential for value through nuclear contracts. UBS analyst Ross Fowler noted that the company could achieve 6.5-7.0% EPS growth without issuing equity over its five-year plan. These developments highlight recent positive momentum for PSEG.
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