Morgan Stanley Cuts PEG Price Target to $85

On October 21, 2026, Morgan Stanley kept its Overweight rating on Public Service Enterprise Group Incorporated while adjusting its price target from $88.00 down to $85.00. The update arrived via a research note from the firm on the same day the utility stock closed at $71.00.

PEG Public Service Enterprise Group Incorporated

$72.39 ▼ -8.29% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Morgan Stanley's Call on Public Service Enterprise Group Incorporated

In its October 21, 2026 note, Morgan Stanley maintained its Overweight stance on Public Service Enterprise Group Incorporated while trimming the target price from its previous level of $88.00 to $85.00. The adjustment follows a series of target reductions from major research firms through October. Earlier in the month, Truist Securities kept a Hold rating with a target of $78.00 on October 15, and JP Morgan maintained a Neutral rating with a target of $77.00 on October 19. Analysts collectively hold 19 opinions on the stock, resulting in a buy recommendation key and a mean target price of $81.89.

Other Institutional Activity in Public Service Enterprise Group Incorporated

Legal & General Group PLC grew its holdings by 134,084 shares, ending with 6,838,275 shares worth about $495,501,400.

Public Service Enterprise Group Incorporated Stock Up 1.4%

Public Service Enterprise Group Incorporated recently traded around $71.97 as of October 22, 2026, putting the shares up about 1.4% since their October 21 close of $71.00. The stock sits roughly 0.5% above its 50-day moving average of $71.60, but trades about 8.0% below its 200-day moving average of $78.26. Shares rest 17.9% below their 52-week high of $87.63 and 8.8% above their 52-week low of $66.15.

Recent Earnings

Public Service Enterprise Group Incorporated generated trailing-twelve-month revenue of $12,542,999,552 with basic earnings of $4.02 per share. The company posted a net profit margin of 16.0% and a return on equity of 11.8%, alongside a year-over-year revenue decline of 8.9%. The company's next earnings report is scheduled for November 2, 2026.

Dividend

Public Service Enterprise Group Incorporated pays an annual dividend of $2.68 per share, which translates to a dividend yield of 3.77%. The company distributes 64.7% of its earnings as dividends based on its payout ratio.

Insider Buying and Selling at Public Service Enterprise Group Incorporated

Chief Executive Officer Ralph A Larossa Jr. sold 2,083 shares on July 1, 2026, for $167,704. He sold another 2,083 shares on August 3, 2026, for $159,290, and a further 2,083 shares on September 1, 2026, for $153,010. Additionally, officer Richard T. Thigpen sold 8,000 shares on August 11, 2026, for $596,480.

About Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated operates as a regulated electric and utility provider alongside nuclear generation businesses across the United States. Headquartered in Newark, New Jersey, the company delivers essential energy services through its primary utility and power generation segments.

Bottom Line

Investors will look to the company's upcoming earnings report on November 2, 2026, for further clues on operational performance. Market participants continue to track analyst target revisions and institutional portfolio shifts as the stock navigates past its 200-day moving average.