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BTIG initiates Public Service Enterprise Group stock with Buy rating

Published 22/10/2025, 10:10
BTIG initiates Public Service Enterprise Group stock with Buy rating
PEG
0.73%

Investing.com - BTIG initiated coverage on Public Service Enterprise Group Inc. (NYSE:PEG), a $41.5 billion utility company with a "GOOD" InvestingPro Financial Health score, with a Buy rating and a price target of $98.00 on Wednesday.

The research firm identified two main business segments within Public Service Enterprise Group: PSE&G and PSEG Power & Other. PSE&G operates as a regulated transmission and distribution utility exclusively in New Jersey.

PSEG Power & Other primarily consists of the company’s deregulated competitive nuclear generation fleet, according to BTIG’s analysis.

BTIG views PSE&G as a "premium T&D utility" within the sector, highlighting its quality positioning in the transmission and distribution space.

The firm also noted potential "incremental upside" for Public Service Enterprise Group in the possibility of a multi-year PPA (Power Purchase Agreement) at PSEG Power.

In other recent news, Public Service Enterprise Group Inc. (PSEG) reported its second-quarter 2025 earnings, exceeding analyst expectations with an earnings per share (EPS) of $0.77, surpassing the forecasted $0.71. This resulted in an EPS surprise of 8.45%. Revenue also beat predictions, reaching $2.8 billion against the expected $2.48 billion, marking a 12.9% surprise. Despite these positive earnings and revenue results, analysts at BMO Capital have lowered their price target for PSEG to $85.00 from $89.00, maintaining a Market Perform rating. Similarly, Jefferies adjusted its price target for the company to $89.00 from $90.00, while maintaining a Hold rating. Jefferies noted the company’s 18% underperformance and highlighted ongoing regulatory uncertainty in New Jersey, which may continue into early 2026. PSEG is scheduled to report its third-quarter 2025 results on November 3.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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