
PEG Stock Forecast & Price Target
PEG Analyst Ratings
Bulls say
Public Service Enterprise Group has demonstrated strong year-over-year financial growth, with a 5.7% increase driven by contributions from both its utility segment and power operations, positioning the company favorably in the market. The projected capital expenditure plan has been notably increased by $3.5 billion, reflecting a commitment to a robust growth trajectory and a projected rate base CAGR of 6-7.5% through 2029, which is bolstered by a 12% growth in the rate base for 2024. Additionally, improved regulatory outcomes and higher long-term contract pricing indicate a solid operational environment, enhancing the company's overall financial health and outlook.
Bears say
Public Service Enterprise Group's financial outlook is negatively impacted by anticipated lower earnings per share (EPS) growth, with projections for 2026/2027 EPS being about 2.5% lower than previous forecasts, indicating a decline in profitability. Additionally, a potential fall in natural gas prices could lead to reduced wholesale power margins, further straining financial performance. Lastly, the increasing interest rate environment may lead to the contraction of utility multiples, exacerbating the risks associated with traditional utility operations, including rate case risks and a lower capital expenditure outlook.
This aggregate rating is based on analysts' research of Public Service Enterprise Group and is not a guaranteed prediction by Public.com or investment advice.
PEG Analyst Forecast & Price Prediction
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